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Registered number: 06468622
eCirrus Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Lisa M Stretton Chartered Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06468622
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,331 4,333
Investments 5 138,981 125,381
141,312 129,714
CURRENT ASSETS
Cash at bank and in hand 4,478 2,760
4,478 2,760
Creditors: Amounts Falling Due Within One Year 6 (27,186 ) (21,176 )
NET CURRENT ASSETS (LIABILITIES) (22,708 ) (18,416 )
TOTAL ASSETS LESS CURRENT LIABILITIES 118,604 111,298
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,515 ) -
NET ASSETS 116,089 111,298
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 116,088 111,297
SHAREHOLDERS' FUNDS 116,089 111,298
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Osbourn
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
eCirrus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06468622 . The registered office is 103a Valley Drive, Wilnecote, Tamworth, Staffs, B77 5FL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Computer Equipment 33.3% straight line
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Investments
All investments are carried at fair value, determined annually and derived from the current market valuation. Changes in fair value are recognised in the profit and loss account. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,665 13,114 16,779
As at 31 March 2024 3,665 13,114 16,779
Depreciation
As at 1 April 2023 2,676 9,770 12,446
Provided during the period 330 1,672 2,002
As at 31 March 2024 3,006 11,442 14,448
Net Book Value
As at 31 March 2024 659 1,672 2,331
As at 1 April 2023 989 3,344 4,333
5. Investments
Other
£
Cost
As at 1 April 2023 125,381
Revaluations 13,600
As at 31 March 2024 138,981
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 138,981
As at 1 April 2023 125,381
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 19 19
Accruals and deferred income 440 430
Director's loan account 26,727 20,727
27,186 21,176
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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