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REGISTERED NUMBER: 07487578 (England and Wales)

















ECS Special Projects Limited

Financial Statements

for the Year Ended 31 January 2024






ECS Special Projects Limited (Registered number: 07487578)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ECS Special Projects Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: K Perrin
S M Randall
Mrs E Jones



SECRETARY: Mrs M Randall



REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX



REGISTERED NUMBER: 07487578 (England and Wales)



ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX



BANKERS: HSBC Bank plc
15 Cornhill
Dorchester
Dorset
DT1 1BJ

ECS Special Projects Limited (Registered number: 07487578)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 791,038 43,777

CURRENT ASSETS
Debtors 5 226,939 420,419
Cash at bank 233,964 217,630
460,903 638,049
CREDITORS
Amounts falling due within one year 6 122,101 92,583
NET CURRENT ASSETS 338,802 545,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,840

589,243

CREDITORS
Amounts falling due after more than one
year

7

(506,958

)

(43,030

)

PROVISIONS FOR LIABILITIES (11,032 ) (8,318 )
NET ASSETS 611,850 537,895

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 611,550 537,595
SHAREHOLDERS' FUNDS 611,850 537,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





S M Randall - Director


ECS Special Projects Limited (Registered number: 07487578)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

ECS Special Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

ECS Special Projects Limited (Registered number: 07487578)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 - 20,609 34,289 21,395 76,293
Additions 746,909 6,099 3,702 - 756,710
At 31 January 2024 746,909 26,708 37,991 21,395 833,003
DEPRECIATION
At 1 February 2023 - 12,024 15,143 5,349 32,516
Charge for year - 2,010 3,428 4,011 9,449
At 31 January 2024 - 14,034 18,571 9,360 41,965
NET BOOK VALUE
At 31 January 2024 746,909 12,674 19,420 12,035 791,038
At 31 January 2023 - 8,585 19,146 16,046 43,777

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 21,395
DEPRECIATION
At 1 February 2023 5,349
Charge for year 4,011
At 31 January 2024 9,360
NET BOOK VALUE
At 31 January 2024 12,035
At 31 January 2023 16,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,160 374,264
Other debtors 164,779 46,155
226,939 420,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,457 9,727
Hire purchase contracts 3,200 3,200
Trade creditors 35,280 50,543
Taxation and social security 11,449 11,832
Other creditors 43,715 17,281
122,101 92,583

ECS Special Projects Limited (Registered number: 07487578)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 498,692 31,565
Hire purchase contracts 8,266 11,465
506,958 43,030

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 362,450 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 527,149 41,292
Hire purchase contracts 11,466 14,665
Commercial credit card 4,929 5,502
543,544 61,459

All amounts owed to HSBC Bank plc are secured by a debenture created on 8 October 2014 comprising fixed and floating charges over all company assets present and future.

A mortgage loan from HSBC Bank plc is secured by a legal charge created on 14 December 2023 over the freehold property for which the funds were advanced.

Hire purchase liabilities are secured on the assets concerned.