Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Miss L T Scott 01/10/2016 Mr R H Stirland 01/10/2016 18 November 2024 The principal activity of the Company during the financial year was NVQ assessing services and the provision of training. 10406142 2024-03-31 10406142 bus:Director1 2024-03-31 10406142 bus:Director2 2024-03-31 10406142 2023-03-31 10406142 core:CurrentFinancialInstruments 2024-03-31 10406142 core:CurrentFinancialInstruments 2023-03-31 10406142 core:Non-currentFinancialInstruments 2024-03-31 10406142 core:Non-currentFinancialInstruments 2023-03-31 10406142 core:ShareCapital 2024-03-31 10406142 core:ShareCapital 2023-03-31 10406142 core:RetainedEarningsAccumulatedLosses 2024-03-31 10406142 core:RetainedEarningsAccumulatedLosses 2023-03-31 10406142 core:LeaseholdImprovements 2023-03-31 10406142 core:Vehicles 2023-03-31 10406142 core:FurnitureFittings 2023-03-31 10406142 core:LeaseholdImprovements 2024-03-31 10406142 core:Vehicles 2024-03-31 10406142 core:FurnitureFittings 2024-03-31 10406142 bus:OrdinaryShareClass1 2024-03-31 10406142 2023-04-01 2024-03-31 10406142 bus:FilletedAccounts 2023-04-01 2024-03-31 10406142 bus:SmallEntities 2023-04-01 2024-03-31 10406142 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10406142 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10406142 bus:Director1 2023-04-01 2024-03-31 10406142 bus:Director2 2023-04-01 2024-03-31 10406142 core:LeaseholdImprovements core:TopRangeValue 2023-04-01 2024-03-31 10406142 core:Vehicles 2023-04-01 2024-03-31 10406142 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 10406142 2022-04-01 2023-03-31 10406142 core:LeaseholdImprovements 2023-04-01 2024-03-31 10406142 core:FurnitureFittings 2023-04-01 2024-03-31 10406142 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 10406142 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10406142 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10406142 (England and Wales)

ECM SOUTHWEST LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ECM SOUTHWEST LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ECM SOUTHWEST LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
ECM SOUTHWEST LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Miss L T Scott
Mr R H Stirland
REGISTERED OFFICE 18 Churchill Way
Taunton
TA1 3QR
United Kingdom
COMPANY NUMBER 10406142 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
ECM SOUTHWEST LIMITED

BALANCE SHEET

As at 31 March 2024
ECM SOUTHWEST LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 23,488 26,626
23,488 26,626
Current assets
Debtors 4 12,838 5,475
Cash at bank and in hand 33,290 34,022
46,128 39,497
Creditors: amounts falling due within one year 5 ( 17,558) ( 13,590)
Net current assets 28,570 25,907
Total assets less current liabilities 52,058 52,533
Creditors: amounts falling due after more than one year 6 ( 5,455) ( 9,600)
Provision for liabilities ( 2,054) ( 2,464)
Net assets 44,549 40,469
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 44,547 40,467
Total shareholders' funds 44,549 40,469

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of ECM Southwest Limited (registered number: 10406142) were approved and authorised for issue by the Board of Directors on 18 November 2024. They were signed on its behalf by:

Miss L T Scott
Director
Mr R H Stirland
Director
ECM SOUTHWEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ECM SOUTHWEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ECM Southwest Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Churchill Way, Taunton, TA1 3QR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable in respect of services to customers.
Turnover is recognised when the services have been provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Leasehold improvements 20 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 3 years straight line

Depreciation is charged so as to write off the cost of the assets, other than land and properties under construction, over their estimated useful lives.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Leasehold improve-
ments
Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2023 27,585 23,779 7,648 59,012
Additions 0 0 155 155
At 31 March 2024 27,585 23,779 7,803 59,167
Accumulated depreciation
At 01 April 2023 7,059 19,548 5,779 32,386
Charge for the financial year 1,379 1,058 856 3,293
At 31 March 2024 8,438 20,606 6,635 35,679
Net book value
At 31 March 2024 19,147 3,173 1,168 23,488
At 31 March 2023 20,526 4,231 1,869 26,626

4. Debtors

2024 2023
£ £
Trade debtors 12,263 4,990
Prepayments 575 485
12,838 5,475

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,146 3,951
Amounts owed to directors 800 800
Accruals 2,450 2,805
Corporation tax 7,039 4,695
Other taxation and social security 1,307 1,099
Other creditors 1,816 240
17,558 13,590

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 5,455 9,600

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2