21 false false false false false false false false false false true false false false false true true No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04667639 2023-05-01 2024-04-30 04667639 2024-04-30 04667639 2023-04-30 04667639 2022-05-01 2023-04-30 04667639 2023-04-30 04667639 2022-04-30 04667639 core:FurnitureFittings 2023-05-01 2024-04-30 04667639 core:MotorVehicles 2023-05-01 2024-04-30 04667639 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04667639 bus:OrdinaryShareClass5 2023-05-01 2024-04-30 04667639 bus:Director3 2023-05-01 2024-04-30 04667639 bus:Director4 2023-05-01 2024-04-30 04667639 core:WithinOneYear 2024-04-30 04667639 core:WithinOneYear 2023-04-30 04667639 core:FurnitureFittings 2023-04-30 04667639 core:MotorVehicles 2023-04-30 04667639 core:FurnitureFittings 2024-04-30 04667639 core:MotorVehicles 2024-04-30 04667639 core:AfterOneYear 2024-04-30 04667639 core:AfterOneYear 2023-04-30 04667639 core:UKTax 2023-05-01 2024-04-30 04667639 core:UKTax 2022-05-01 2023-04-30 04667639 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 04667639 core:ShareCapital 2024-04-30 04667639 core:ShareCapital 2023-04-30 04667639 core:RetainedEarningsAccumulatedLosses 2024-04-30 04667639 core:RetainedEarningsAccumulatedLosses 2023-04-30 04667639 core:FurnitureFittings 2023-04-30 04667639 core:MotorVehicles 2023-04-30 04667639 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-04-30 04667639 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-04-30 04667639 bus:SmallEntities 2023-05-01 2024-04-30 04667639 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04667639 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04667639 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04667639 bus:FullAccounts 2023-05-01 2024-04-30 04667639 bus:OrdinaryShareClass1 2024-04-30 04667639 bus:OrdinaryShareClass1 2023-04-30 04667639 bus:OrdinaryShareClass5 2024-04-30 04667639 bus:OrdinaryShareClass5 2023-04-30 04667639 bus:AllOrdinaryShares 2024-04-30 04667639 bus:AllOrdinaryShares 2023-04-30
COMPANY REGISTRATION NUMBER: 04667639
E C Professionals Ltd
Filleted Unaudited Financial Statements
30 April 2024
E C Professionals Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
7
32,977
54,941
Current assets
Stocks
4,943
18,619
Debtors
8
114,469
146,557
Cash at bank and in hand
176,143
256,766
---------
---------
295,555
421,942
Creditors: amounts falling due within one year
9
227,083
219,361
---------
---------
Net current assets
68,472
202,581
---------
---------
Total assets less current liabilities
101,449
257,522
Creditors: amounts falling due after more than one year
10
10,833
59,343
Provisions
Taxation including deferred tax
8,244
10,741
---------
---------
Net assets
82,372
187,438
---------
---------
Capital and reserves
Called up share capital
11
300
300
Profit and loss account
82,072
187,138
--------
---------
Shareholders funds
82,372
187,438
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
E C Professionals Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Mr M Evans
Mr K Hutchinson
Director
Director
Company registration number: 04667639
E C Professionals Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Britannic House, 279 Chanterlands Avenue, Hull, HU5 4DS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
25% straight line
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2023: 21 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
56,041
98,167
Deferred tax:
Origination and reversal of timing differences
( 2,497)
( 2,564)
--------
--------
Tax on profit
53,544
95,603
--------
--------
6. Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2024
2023
£
£
Dividends on Ordinary shares
253,692
245,926
---------
---------
7. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023
91,379
79,430
170,809
Additions
9,211
9,211
---------
--------
---------
At 30 April 2024
100,590
79,430
180,020
---------
--------
---------
Depreciation
At 1 May 2023
66,224
49,644
115,868
Charge for the year
11,318
19,857
31,175
---------
--------
---------
At 30 April 2024
77,542
69,501
147,043
---------
--------
---------
Carrying amount
At 30 April 2024
23,048
9,929
32,977
---------
--------
---------
At 30 April 2023
25,155
29,786
54,941
---------
--------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 30 April 2024
9,929
-------
At 30 April 2023
29,786
--------
8. Debtors
2024
2023
£
£
Trade debtors
107,333
135,012
Prepayments and accrued income
7,136
11,545
---------
---------
114,469
146,557
---------
---------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
8,661
2,411
Accruals and deferred income
20,888
1,789
Corporation tax
56,116
98,167
Social security and other taxes
87,819
80,617
Obligations under finance leases and hire purchase contracts
37,557
10,242
Director loan accounts
1,569
9,321
Other creditors
4,473
6,814
---------
---------
227,083
219,361
---------
---------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,833
20,833
Obligations under finance leases and hire purchase contracts
38,510
--------
--------
10,833
59,343
--------
--------
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
"D2" Ordinary shares of £ 1 each
100
100
100
100
"D3" Ordinary shares of £1 each
100
100
100
100
----
----
----
----
300
300
300
300
----
----
----
----
12. Directors' advances, credits and guarantees
During the year there were no directors' advances, credits and guarantees.