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REGISTERED NUMBER: 01420514 (England and Wales)












Financial Statements

for the Year Ended 29th February 2024

for

ECSEC LIMITED

ECSEC LIMITED (REGISTERED NUMBER: 01420514)

Contents of the Financial Statements
for the year ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECSEC LIMITED

Company Information
for the year ended 29th February 2024







DIRECTORS: M A Swift
B R Trundle





REGISTERED OFFICE: Unit 5d Lynx Business Park
Fordham Road
Snailwell
Newmarket
Cambridgeshire
CB8 7NY





REGISTERED NUMBER: 01420514 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

ECSEC LIMITED (REGISTERED NUMBER: 01420514)

Balance Sheet
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 266,812 218,061

CURRENT ASSETS
Stocks 83,505 175,945
Debtors 5 1,525,424 648,209
Cash at bank and in hand 399,587 286,688
2,008,516 1,110,842
CREDITORS
Amounts falling due within one year 6 1,570,116 631,298
NET CURRENT ASSETS 438,400 479,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,212

697,605

CREDITORS
Amounts falling due after more than one year 7 169,114 155,649
NET ASSETS 536,098 541,956

CAPITAL AND RESERVES
Called up share capital 8 256,272 256,272
Share premium 15,000 15,000
Retained earnings 264,826 270,684
SHAREHOLDERS' FUNDS 536,098 541,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

ECSEC LIMITED (REGISTERED NUMBER: 01420514)

Balance Sheet - continued
29th February 2024


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 2nd September 2024 and were signed on its behalf by:





B R Trundle - Director


ECSEC LIMITED (REGISTERED NUMBER: 01420514)

Notes to the Financial Statements
for the year ended 29th February 2024


1. STATUTORY INFORMATION

Ecsec 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over the period of the lease
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ECSEC LIMITED (REGISTERED NUMBER: 01420514)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2023 30,302 242,689 247,177 520,168
Additions - 39,728 200,187 239,915
Disposals - - (177,303 ) (177,303 )
At 29th February 2024 30,302 282,417 270,061 582,780
DEPRECIATION
At 1st March 2023 30,302 222,901 48,904 302,107
Charge for year - 18,672 41,458 60,130
Eliminated on disposal - - (46,269 ) (46,269 )
At 29th February 2024 30,302 241,573 44,093 315,968
NET BOOK VALUE
At 29th February 2024 - 40,844 225,968 266,812
At 28th February 2023 - 19,788 198,273 218,061

ECSEC LIMITED (REGISTERED NUMBER: 01420514)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2023 247,177
Additions 200,187
Disposals (177,303 )
At 29th February 2024 270,061
DEPRECIATION
At 1st March 2023 48,904
Charge for year 41,458
Eliminated on disposal (46,269 )
At 29th February 2024 44,093
NET BOOK VALUE
At 29th February 2024 225,968
At 28th February 2023 198,273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 1,332,810 446,832
Amounts recoverable on contract 116,936 126,502
Other debtors 1,165 3,696
Directors' current accounts 10,124 -
Prepayments 64,389 71,179
1,525,424 648,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 10,163 9,800
Hire purchase contracts 31,022 28,485
Trade creditors 218,335 262,656
Tax 9,615 -
Social security and other taxes 16,566 16,081
VAT 216,003 42,893
Other creditors - 3,634
Deferred income 1,015,376 204,468
Accrued expenses 53,036 63,281
1,570,116 631,298

ECSEC LIMITED (REGISTERED NUMBER: 01420514)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans - 1-2 years 10,420 10,100
Bank loans - 2-5 years 3,488 14,270
Hire purchase contracts 155,206 131,279
169,114 155,649

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
6,272 Ordinary £1 6,272 6,272
250,000 Deferred £1 250,000 250,000
256,272 256,272

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B R Trundle by virtue of his shareholding.