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REGISTERED NUMBER: 03741896 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 May 2024

for

EKC Systems Limited

EKC Systems Limited (Registered number: 03741896)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EKC Systems Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M R Wilson





SECRETARY: E C Wilson





REGISTERED OFFICE: Walkley Works
78C Walkley Lane
Heckmondwike
West Yorkshire
WF16 0PH





REGISTERED NUMBER: 03741896 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

EKC Systems Limited (Registered number: 03741896)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,318 9,756

CURRENT ASSETS
Stocks 198,804 167,105
Debtors 6 643,723 689,175
Cash at bank and in hand 4,478 1,282
847,005 857,562
CREDITORS
Amounts falling due within one year 7 414,151 438,681
NET CURRENT ASSETS 432,854 418,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,172

428,637

CREDITORS
Amounts falling due after more than one
year

8

(54,137

)

(21,667

)

PROVISIONS FOR LIABILITIES (10,903 ) (11,576 )
NET ASSETS 375,132 395,394

CAPITAL AND RESERVES
Called up share capital 102 102
Capital redemption reserve 1 1
Retained earnings 375,029 395,291
SHAREHOLDERS' FUNDS 375,132 395,394

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

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

The director acknowledges his 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.

EKC Systems Limited (Registered number: 03741896)

Balance Sheet - continued
31 May 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 director and authorised for issue on 30 September 2024 and were signed by:





M R Wilson - Director


EKC Systems Limited (Registered number: 03741896)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

EKC Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

EKC Systems Limited (Registered number: 03741896)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. 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.

Government grants
Grants represent the amounts received or due in the period over which they accrue.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 16,216 14,352 43,984 16,795 91,347
DEPRECIATION
At 1 June 2023 16,216 13,197 40,697 11,481 81,591
Charge for year - 289 821 1,328 2,438
At 31 May 2024 16,216 13,486 41,518 12,809 84,029
NET BOOK VALUE
At 31 May 2024 - 866 2,466 3,986 7,318
At 31 May 2023 - 1,155 3,287 5,314 9,756

EKC Systems Limited (Registered number: 03741896)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 16,795
Transfer to ownership (16,795 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 11,481
Transfer to ownership (11,481 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 5,314

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 133,631 193,286
Amounts owed by group undertakings 497,556 482,433
Deferred tax asset 866 401
Prepayments and accrued income 11,670 13,055
643,723 689,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 114,266 141,520
Hire purchase contracts (see note 9) - 3,537
Trade creditors 139,808 193,563
Tax 83,661 67,982
Social security and other taxes 844 964
VAT 29,757 21,019
Other creditors 41,192 2,116
Accrued expenses 4,623 7,980
414,151 438,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 37,726 10,000
Bank loans - 2-5 years 16,411 11,667
54,137 21,667

EKC Systems Limited (Registered number: 03741896)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Gross obligations repayable:
Within one year - 3,625

Finance charges repayable:
Within one year - 88

Net obligations repayable:
Within one year - 3,537

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 19,885 7,479
Between one and five years 32,706 25,000
52,591 32,479

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 78,735 131,520
Hire purchase contracts - 3,537
78,735 135,057

The bank overdraft is secured by a debenture creating a fixed and floating charge on all company assets.

11. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Precast Technologies Limited whose registered office & principal place of business is Walkley Works, 78c Walkley Lane, Heckmondwike.