9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,994 465 11,459 9,684 622 10,306 1,153 1,310 xbrli:pure xbrli:shares iso4217:GBP 8543363 2023-06-01 2024-05-31 8543363 2024-05-31 8543363 2023-05-31 8543363 2022-06-01 2023-05-31 8543363 2023-05-31 8543363 2022-05-31 8543363 core:NetGoodwill 2023-06-01 2024-05-31 8543363 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 8543363 bus:Director1 2023-06-01 2024-05-31 8543363 core:NetGoodwill 2023-05-31 8543363 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 8543363 core:NetGoodwill 2024-05-31 8543363 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 8543363 core:WithinOneYear 2024-05-31 8543363 core:WithinOneYear 2023-05-31 8543363 core:ShareCapital 2024-05-31 8543363 core:ShareCapital 2023-05-31 8543363 core:RetainedEarningsAccumulatedLosses 2024-05-31 8543363 core:RetainedEarningsAccumulatedLosses 2023-05-31 8543363 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 8543363 bus:Director1 2023-05-31 8543363 bus:Director1 2024-05-31 8543363 bus:Director1 2022-05-31 8543363 bus:Director1 2023-05-31 8543363 bus:Director1 2022-06-01 2023-05-31 8543363 bus:SmallEntities 2023-06-01 2024-05-31 8543363 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 8543363 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 8543363 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 8543363 bus:FullAccounts 2023-06-01 2024-05-31 8543363 core:OfficeEquipment 2023-06-01 2024-05-31 8543363 core:OfficeEquipment 2023-05-31 8543363 core:OfficeEquipment 2024-05-31
COMPANY REGISTRATION NUMBER: 8543363
ECS Enterprises Limited
Filleted Unaudited Financial Statements
31 May 2024
ECS Enterprises Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
2,128
4,582
Tangible assets
6
1,153
1,310
-------
-------
3,281
5,892
Current assets
Stocks
15,000
10,000
Debtors
7
3,000
3,938
Cash at bank and in hand
259,846
248,803
---------
---------
277,846
262,741
Creditors: amounts falling due within one year
8
156,686
128,096
---------
---------
Net current assets
121,160
134,645
---------
---------
Total assets less current liabilities
124,441
140,537
Provisions
Taxation including deferred tax
624
1,160
---------
---------
Net assets
123,817
139,377
---------
---------
Capital and reserves
Called up share capital
20
20
Profit and loss account
123,797
139,357
---------
---------
Shareholders funds
123,817
139,377
---------
---------
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 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ECS Enterprises Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 13 February 2025 , and are signed on behalf of the board by:
Mr E C Simon
Director
Company registration number: 8543363
ECS Enterprises Limited
Notes to the Financial Statements
Year ended 31 May 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 11a Meadow Close, Backwell, Bristol, BS48 3NN.
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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
Research & Development
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 6 ).
5. Intangible assets
Goodwill
Development costs
Total
£
£
£
Cost
At 1 June 2023 and 31 May 2024
100,000
15,678
115,678
---------
--------
---------
Amortisation
At 1 June 2023
100,000
11,096
111,096
Charge for the year
2,454
2,454
---------
--------
---------
At 31 May 2024
100,000
13,550
113,550
---------
--------
---------
Carrying amount
At 31 May 2024
2,128
2,128
---------
--------
---------
At 31 May 2023
4,582
4,582
---------
--------
---------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 June 2023
10,994
10,994
Additions
465
465
--------
--------
At 31 May 2024
11,459
11,459
--------
--------
Depreciation
At 1 June 2023
9,684
9,684
Charge for the year
622
622
--------
--------
At 31 May 2024
10,306
10,306
--------
--------
Carrying amount
At 31 May 2024
1,153
1,153
--------
--------
At 31 May 2023
1,310
1,310
--------
--------
7. Debtors
2024
2023
£
£
Other debtors
3,000
3,938
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
46,357
28,421
Corporation tax
47,722
36,017
Social security and other taxes
40,953
50,050
Other creditors
21,654
13,608
---------
---------
156,686
128,096
---------
---------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr E C Simon
( 9,967)
( 2,637)
( 12,604)
-------
-------
--------
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr E C Simon
( 6,011)
( 3,956)
( 9,967)
-------
-------
-------
10. Related party transactions
The company was under the control of Mr E C Simon throughout the current year. Mr E C Simon is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.