IRIS Accounts Production v24.3.2.46 11790377 Board of Directors 30.6.24 1.7.23 30.6.24 30.6.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. true true true false true true false false false false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117903772023-06-30117903772024-06-30117903772023-07-012024-06-30117903772022-06-30117903772022-07-012023-06-30117903772023-06-3011790377ns15:EnglandWales2023-07-012024-06-3011790377ns14:PoundSterling2023-07-012024-06-3011790377ns10:Director12023-07-012024-06-3011790377ns10:Consolidated2024-06-3011790377ns10:ConsolidatedGroupCompanyAccounts2023-07-012024-06-3011790377ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011790377ns10:Consolidatedns10:MediumEntities2023-07-012024-06-3011790377ns10:Consolidatedns10:Audited2023-07-012024-06-3011790377ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-07-012024-06-3011790377ns10:Medium-sizedCompaniesRegimeForAccounts2023-07-012024-06-3011790377ns10:Consolidated2023-07-012024-06-3011790377ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-07-012024-06-3011790377ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-07-012024-06-3011790377ns10:FullAccounts2023-07-012024-06-3011790377ns5:Subsidiary12023-07-012024-06-3011790377ns5:Subsidiary22023-07-012024-06-3011790377ns5:Subsidiary32023-07-012024-06-301179037712023-07-012024-06-3011790377ns10:Director22023-07-012024-06-3011790377ns10:Director32023-07-012024-06-3011790377ns10:Director42023-07-012024-06-3011790377ns10:Director52023-07-012024-06-3011790377ns10:Director62023-07-012024-06-3011790377ns10:Director72023-07-012024-06-3011790377ns10:RegisteredOffice2023-07-012024-06-3011790377ns10:Consolidated2022-07-012023-06-3011790377ns5:CurrentFinancialInstruments2024-06-3011790377ns5:CurrentFinancialInstruments2023-06-3011790377ns5:Non-currentFinancialInstruments2024-06-3011790377ns5:Non-currentFinancialInstruments2023-06-3011790377ns5:ShareCapital2024-06-3011790377ns5:ShareCapital2023-06-3011790377ns5:SharePremium2024-06-3011790377ns5:SharePremium2023-06-3011790377ns5:RetainedEarningsAccumulatedLosses2024-06-3011790377ns5:RetainedEarningsAccumulatedLosses2023-06-3011790377ns5:ShareCapital2022-06-3011790377ns5:RetainedEarningsAccumulatedLosses2022-06-3011790377ns5:SharePremium2022-06-3011790377ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-3011790377ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-3011790377ns5:NetGoodwill2023-07-012024-06-3011790377ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011790377ns5:ComputerSoftware2023-07-012024-06-3011790377ns5:CostValuation2023-06-30117903771ns5:Subsidiary12023-07-012024-06-3011790377ns5:Subsidiary12024-06-3011790377ns5:Subsidiary12023-06-3011790377ns5:Subsidiary12022-07-012023-06-3011790377ns5:Subsidiary232023-07-012024-06-3011790377ns5:Subsidiary22024-06-3011790377ns5:Subsidiary22023-06-30117903775ns5:Subsidiary32023-07-012024-06-3011790377ns5:Subsidiary32024-06-3011790377ns5:Subsidiary32023-06-3011790377ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3011790377ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3011790377ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3011790377ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3011790377ns5:Secured2024-06-3011790377ns5:Secured2023-06-3011790377ns5:RetainedEarningsAccumulatedLosses2023-06-3011790377ns5:SharePremium2023-06-30
REGISTERED NUMBER: 11790377 (England and Wales)













Group Strategic Report,

Report of the Directors and

Audited

Consolidated Financial Statements

for the Year Ended 30th June 2024

for

Echo House Limited

Echo House Limited (Registered number: 11790377)

Contents of the Consolidated Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Statement of Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


Echo House Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: M D Cardwell
D Johnson
D J Wetheridge
F H Cardwell
Mrs P C Cardwell
R Cawker
C Samways





REGISTERED OFFICE: Griffin House
135 High Street
Crawley
West Sussex
RH10 1DQ





REGISTERED NUMBER: 11790377 (England and Wales)





AUDITORS: Whiteleys
Chartered Certified Accountants
& Statutory Auditor
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

Echo House Limited (Registered number: 11790377)

Group Strategic Report
for the Year Ended 30th June 2024


The directors present their strategic report of the company and the group for the year ended 30th June 2024.

REVIEW OF BUSINESS
The Group's principal activity continues to be that of a graphic design and retail production house.

RESULTS AND PERFORMANCE
The results of the Group for the period, set out on pages 10 to 32, show a profit on ordinary activities before taxation of £2,772,916 (2023 : £1,682,171).The shareholders' funds of the Group total £11,346,984 (2023 : £10,852,620).

The directors consider the results for the year ended 30 June 2024 to be satisfactory.

BUSINESS ENVIRONMENT
The design and print industry, in which the Group operates, particularly the retail and travel sectors, has remained a very competitive and fast evolving environment and has been impacted by global financial pressures. The Group has continued to consolidate in its target markets by expanding its range of solutions offered to clients particularly by offering a greater range of services as well as focusing on sustainable design and technology solutions, thus the Group has kept pace with new developments and changing demands of the market.

STRATEGY
The Group's success has, and will continue to, depend on being able to provide the best quality product by taking advantage of the most up to date equipment and technologies as well as through innovation and creativity. In addition, the Group has continued to focus on the development of sustainable solutions for its clients by offering a range of high-quality sustainable products and services that will help maintain its status as an industry market leader. The Group has also focused on consolidating new revenue streams and increasing its operational footprint which has led to a broadening of the Company' client base and geographical reach. The Group' strategy is to continue to seek opportunities to expand its services to an increasingly global market with a focus on more international projects..

KEY PERFORMANCE INDICATORS (KPI'S)
We have made significant progress throughout the year in relation to key elements of our strategy. The Board
monitors the progress of the Group by reference to following KPIs

2024 (2023)
Net Revenue £20,517,155 (£16,927,332)
Gross margin 71.74% (65.63%)

In common with many businesses, the Group was affected by the impact of global factors on supply chains resulting in increases in the price of many raw materials and services. Despite this, the financial performance during the year has been very robust and has continued to recover from the impact of the global pandemic.

Sustainability
The Group is increasingly measuring performance by reference to KPI's linked to environmental sustainability and has made good progress in maximising the percentage of materials obtained from sustainable sources, recycling, and reducing net energy consumption and carbon emissions.

FINANCIAL INSTRUMENTS
The Group has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are conducted largely in sterling. The Group does not enter into formally designated hedging arrangements.


Echo House Limited (Registered number: 11790377)

Group Strategic Report
for the Year Ended 30th June 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The process of risk acceptance and risk management is addressed through robust internal policies, procedures and controls.

The board manages cash and working capital to ensure the Group has the financial strength to meet its requirements and support the growth of the business as well as manage the impact of the pandemic crisis.

ON BEHALF OF THE BOARD:





M D Cardwell - Director


10th March 2025

Echo House Limited (Registered number: 11790377)

Report of the Directors
for the Year Ended 30th June 2024


The directors present their report with the financial statements of the company and the group for the year ended 30th June 2024.

PRINCIPAL ACTIVITY
The Group's principal activity continues to be that of a graphic design and retail production house.

DIVIDENDS
There were interim dividends in total of £1.20 per share paid during the year. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30th June 2024 will be £1,200,000.

FUTURE DEVELOPMENTS
These are set out in the strategic report under strategy.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st July 2023 to the date of this report.

M D Cardwell
D Johnson
D J Wetheridge
F H Cardwell
Mrs P C Cardwell
R Cawker
C Samways

GOING CONCERN
No material uncertainties that may cast significant doubt about the ability of the Group to continue as a going concern have been identified by the directors.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Echo House Limited (Registered number: 11790377)

Report of the Directors
for the Year Ended 30th June 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Whiteleys, are deemed to be re-appointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:





M D Cardwell - Director


10th March 2025

Report of the Independent Auditors to the Members of
Echo House Limited


Opinion
We have audited the financial statements of Echo House Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30th June 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30th June 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Echo House Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Echo House Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and
other management, and from our commercial knowledge and experience of the business sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, including the Companies Act 2006 and taxation;
- we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence where available; and
- identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit.


We assessed the susceptibility of the company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed
procedures which included, but not were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators, and the company’s legal advisors, where
available.

There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to indentify non-compliance with laws and

Report of the Independent Auditors to the Members of
Echo House Limited

regulations to enquiry of the directors and other management and the inspection of regulatory and legal
legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as
they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Neil Dennis Hollingshead (Senior Statutory Auditor)
for and on behalf of Whiteleys
Chartered Certified Accountants
& Statutory Auditor
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

10th March 2025

Echo House Limited (Registered number: 11790377)

Consolidated
Statement of Comprehensive
Income
for the Year Ended 30th June 2024

2024 2023
Notes £    £   

TURNOVER 4 20,517,155 16,927,332

Cost of sales 5,797,478 5,818,488
GROSS PROFIT 14,719,677 11,108,844

Administrative expenses 11,918,085 9,368,030
2,801,592 1,740,814

Other operating income 3,604 6,935
OPERATING PROFIT 6 2,805,196 1,747,749

Interest receivable and similar income 87,206 34,704
2,892,402 1,782,453

Interest payable and similar expenses 7 119,486 100,282
PROFIT BEFORE TAXATION 2,772,916 1,682,171

Tax on profit 8 1,078,552 655,729
PROFIT FOR THE FINANCIAL YEAR 1,694,364 1,026,442

OTHER COMPREHENSIVE INCOME
Restatement of loan to present value - (159 )
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME FOR
THE YEAR, NET OF INCOME TAX

-

(159

)
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

1,694,364

1,026,283

Profit attributable to:
Owners of the parent 1,694,364 1,026,442

Total comprehensive income attributable to:
Owners of the parent 1,694,364 1,026,283

Echo House Limited (Registered number: 11790377)

Consolidated Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 3,332,720 4,725,436
Tangible assets 12 3,296,793 3,400,618
Investments 13 130,958 101
6,760,471 8,126,155

CURRENT ASSETS
Stocks 14 220,076 252,393
Debtors 15 5,411,960 4,989,127
Cash at bank and in hand 4,525,377 3,638,167
10,157,413 8,879,687
CREDITORS
Amounts falling due within one year 16 4,034,904 5,747,429
NET CURRENT ASSETS 6,122,509 3,132,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,882,980

11,258,413

CREDITORS
Amounts falling due after more than one
year

17

(1,125,000

)

-

PROVISIONS FOR LIABILITIES 21 (410,996 ) (405,793 )
NET ASSETS 11,346,984 10,852,620

CAPITAL AND RESERVES
Called up share capital 22 1,000,000 1,000,000
Share premium 23 10,119,292 10,119,292
Retained earnings 23 227,692 (266,672 )
SHAREHOLDERS' FUNDS 11,346,984 10,852,620

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2025 and were signed on its behalf by:





M D Cardwell - Director


Echo House Limited (Registered number: 11790377)

Company Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 - -
Investments 13 17,085,101 17,085,101
17,085,101 17,085,101

CURRENT ASSETS
Debtors 15 122,567 139,852
Cash at bank and in hand 1,038,682 60,978
1,161,249 200,830
CREDITORS
Amounts falling due within one year 16 7,238,885 6,080,526
NET CURRENT LIABILITIES (6,077,636 ) (5,879,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,007,465

11,205,405

CREDITORS
Amounts falling due after more than one
year

17

1,125,000

-
NET ASSETS 9,882,465 11,205,405

CAPITAL AND RESERVES
Called up share capital 22 1,000,000 1,000,000
Share premium 23 10,119,292 10,119,292
Retained earnings 23 (1,236,827 ) 86,113
SHAREHOLDERS' FUNDS 9,882,465 11,205,405

Company's (loss)/profit for the financial
year

(122,940

)

398,242

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2025 and were signed on its behalf by:





M D Cardwell - Director


Echo House Limited (Registered number: 11790377)

Consolidated Statement of Changes in Equity
for the Year Ended 30th June 2024

Called up
share Retained Share Other Total
capital earnings premium reserves equity
£    £    £    £    £   
Balance at 1st July 2022 1,000,000 (393,114 ) 10,119,292 159 10,726,337

Changes in equity
Dividends - (900,000 ) - - (900,000 )
Total comprehensive income - 1,026,442 - (159 ) 1,026,283
Balance at 30th June 2023 1,000,000 (266,672 ) 10,119,292 - 10,852,620

Changes in equity
Dividends - (1,200,000 ) - - (1,200,000 )
Total comprehensive income - 1,694,364 - - 1,694,364
Balance at 30th June 2024 1,000,000 227,692 10,119,292 - 11,346,984

Echo House Limited (Registered number: 11790377)

Company Statement of Changes in Equity
for the Year Ended 30th June 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1st July 2022 1,000,000 587,871 10,119,292 11,707,163

Changes in equity
Dividends - (900,000 ) - (900,000 )
Total comprehensive income - 398,242 - 398,242
Balance at 30th June 2023 1,000,000 86,113 10,119,292 11,205,405

Changes in equity
Dividends - (1,200,000 ) - (1,200,000 )
Total comprehensive income - (122,940 ) - (122,940 )
Balance at 30th June 2024 1,000,000 (1,236,827 ) 10,119,292 9,882,465

Echo House Limited (Registered number: 11790377)

Consolidated Cash Flow Statement
for the Year Ended 30th June 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 5,126,115 3,109,538
Interest paid (119,344 ) (100,088 )
Interest element of hire purchase or
finance lease rental payments paid

(142

)

(194

)
Tax paid (562,117 ) (470,890 )
Net cash from operating activities 4,444,512 2,538,366

Cash flows from investing activities
Purchase of intangible fixed assets (20,892 ) (44,223 )
Purchase of tangible fixed assets (454,274 ) (933,910 )
Purchase of fixed asset investments (130,857 ) -
Sale of tangible fixed assets 88,867 18,203
Sale of fixed asset investments - 50,000
Interest received 87,206 34,704
Net cash from investing activities (429,950 ) (875,226 )

Cash flows from financing activities
Hire purchase - (4,763 )
Amount introduced by directors 20,000 53,297
Amount withdrawn by directors (121,088 ) (39,160 )
Debenture loan (426,412 ) (275,000 )
Bank loans (419,545 ) (119,807 )
Equity dividends paid (1,200,000 ) (900,000 )
Net cash from financing activities (2,147,045 ) (1,285,433 )

Increase in cash and cash equivalents 1,867,517 377,707
Cash and cash equivalents at
beginning of year

2

2,244,771

1,867,064

Cash and cash equivalents at end of
year

2

4,112,288

2,244,771

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30th June 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 2,772,916 1,682,171
Depreciation charges 1,864,720 1,856,467
Profit on disposal of fixed assets (15,882 ) (25,139 )
Capital contribution-restatement of DLA - (159 )
Impairment computer software 34,005 90,464
Finance costs 119,486 100,282
Finance income (87,206 ) (34,704 )
4,688,039 3,669,382
Decrease/(increase) in stocks 32,317 (45,391 )
Increase in trade and other debtors (321,748 ) (1,040,838 )
Increase in trade and other creditors 727,507 526,385
Cash generated from operations 5,126,115 3,109,538

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30th June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 4,525,377 3,638,167
Bank overdrafts (413,089 ) (1,393,396 )
4,112,288 2,244,771
Year ended 30th June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 3,638,167 2,637,778
Bank overdrafts (1,393,396 ) (770,714 )
2,244,771 1,867,064


Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30th June 2024


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank and in hand 3,638,167 887,210 4,525,377
Bank overdrafts (1,393,396 ) 980,307 (413,089 )
2,244,771 1,867,517 4,112,288
Debt
Debts falling due within 1 year (2,095,957 ) 1,970,957 (125,000 )
Debts falling due after 1 year - (1,125,000 ) (1,125,000 )
(2,095,957 ) 845,957 (1,250,000 )
Total 148,814 2,713,474 2,862,288

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

Echo House 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 General Information page.

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


The principal place of business of the company is Echo House, Red Lion Business Park, Surbiton, Surrey KT6 7RD.

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" 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.

Going concern
As set out in the strategic report, the directors believe that the company is well placed to manage its business risks successfully.

Accordingly, they have a firm expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Basis of consolidation
The company acquired the entire share capital of Echo Studios Holdings Limited and its subsidiaries on 2nd April 2019.

Echo Studios Holdings Limited and it subsidiaries have been consolidated using the purchase method of consolidation. Dormant subsidiaries have not been included.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for services rendered, stated net of discounts and of Value Added Tax.

The Group recognises revenue when the amount of revenue can be measured reliably, when it is probable
that future economic benefits will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

A provision is included for any non-completed contracts at the period end. Income is also accrued for any contracts completed at the period end but not invoiced until the new accounting year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the entire issued share capital of Echo Studios Holdings Ltd, its subsidiaries Echo Studios Ltd and 25012019 Ltd (Dormant Company), on the 2nd April 2019, is being amortised evenly over its estimated useful life of eight years.

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Consolidated Statement of Comprehensive Income, following an assessment at the Consolidated Balance Sheet date indicating the recoverable amount was less than its carrying value.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Plant and machinery-15% on cost
Freehold property-2% on cost
Fixtures and fittings-25% on cost
Motor vehicles-25% on cost
Computer equipment-15% / 25% on cost
Leasehold improvements-Straight line over the term of the lease.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are measured at the lower of cost and selling price less cost to complete and sell.

Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.


Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the
transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of
exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to
ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and
equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued

Related parties
For the purposes of these financial statements, a party is considered to be related to the company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in making financial and operating policy decisions, or has joint control over the company.

(ii) the company and the party are subject to common control;

(iii) the party is a member of key management personnel of the company, or a close family member of such an individual, or is in an entity under the control, joint control or significant influence of such individuals.

Close family members of an individual are those family members who may be expected to influence,
or be influenced by, that individual in their dealings with the entity.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 6,828,246 4,786,289
Social security costs 724,251 489,881
Other pension costs 128,218 92,806
7,680,715 5,368,976

The average number of employees during the year was as follows:
2024 2023

Office and administration 18 11
Production and design 164 149
182 160

The average number of employees by undertakings that were proportionately consolidated during the year was 182 (2023 - 160 ) .

2024 2023
£    £   
Directors' remuneration 1,250,844 560,040
Directors' pension contributions to money purchase schemes 15,004 10,154

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


5. EMPLOYEES AND DIRECTORS - continued

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 336,516 158,291
Pension contributions to money purchase schemes - 1,320

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 485,114 472,090
Depreciation - assets on hire purchase contracts or finance leases - 4,768
Profit on disposal of fixed assets (15,882 ) (25,139 )
Goodwill amortisation 1,379,608 1,379,608
Auditors remuneration - audit 23,946 25,100
Auditors remuneration - other 1,300 1,288
Foreign exchange differences 4,428 5,331

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 114,447 92,515
Other interest payable - 459
HMRC interest payable 2,002 1,137
Debenture interest 2,895 5,977
Hire purchase 142 194
119,486 100,282

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 1,073,349 486,406

Deferred tax 5,203 169,323
Tax on profit 1,078,552 655,729

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 30th June 2024.

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


8. TAXATION - continued

2023
Gross Tax Net
£    £    £   
Restatement of loan to present value (159 ) - (159 )

9. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


10. DIVIDENDS
2024 2023
£    £   
Ordinary-A shares of £1.00 each
Interim 1,200,000 900,000

11. INTANGIBLE FIXED ASSETS

Group
Computer
Goodwill software Totals
£    £    £   
COST
At 1st July 2023 11,036,865 48,995 11,085,860
Additions - 20,892 20,892
Impairments - (34,000 ) (34,000 )
At 30th June 2024 11,036,865 35,887 11,072,752
AMORTISATION
At 1st July 2023 6,342,244 18,180 6,360,424
Amortisation for year 1,379,608 - 1,379,608
At 30th June 2024 7,721,852 18,180 7,740,032
NET BOOK VALUE
At 30th June 2024 3,315,013 17,707 3,332,720
At 30th June 2023 4,694,621 30,815 4,725,436

Goodwill, being the amount paid in connection with the acquisition of the entire issued share capital of Echo Studios Holdings Ltd, its subsidiaries Echo Studios Ltd and 25012019 Ltd (Dormant Company), on the 2nd April 2019, is being amortised evenly over its estimated useful life of eight years.

The goodwill was valued by the directors at the amount paid for the acquisition in excess of the assets acquired and liabilities and provisions for contingent liabilities assumed.

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


12. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st July 2023 1,904,477 106,697 2,159,567
Additions - 22,406 55,563
Disposals - - (467,685 )
At 30th June 2024 1,904,477 129,103 1,747,445
DEPRECIATION
At 1st July 2023 80,541 56,436 1,226,090
Charge for year 18,951 14,072 227,726
Eliminated on disposal - - (443,833 )
At 30th June 2024 99,492 70,508 1,009,983
NET BOOK VALUE
At 30th June 2024 1,804,985 58,595 737,462
At 30th June 2023 1,823,936 50,261 933,477

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 201,706 272,116 491,669 5,136,232
Additions 72,370 202,241 101,694 454,274
Disposals - (126,101 ) (96,893 ) (690,679 )
At 30th June 2024 274,076 348,256 496,470 4,899,827
DEPRECIATION
At 1st July 2023 121,763 137,672 113,112 1,735,614
Charge for year 34,232 64,859 125,274 485,114
Eliminated on disposal - (76,968 ) (96,893 ) (617,694 )
At 30th June 2024 155,995 125,563 141,493 1,603,034
NET BOOK VALUE
At 30th June 2024 118,081 222,693 354,977 3,296,793
At 30th June 2023 79,943 134,444 378,557 3,400,618

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


13. FIXED ASSET INVESTMENTS

Group Company
2024 2023 2024 2023
£    £    £    £   
Shares in group undertakings 101 101 17,085,101 17,085,101
Other investments not loans 130,857 - - -
130,958 101 17,085,101 17,085,101

Additional information is as follows:

Group
Shares in
group
undertakings
£   
COST
At 1st July 2023
and 30th June 2024 101
NET BOOK VALUE
At 30th June 2024 101
At 30th June 2023 101

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Fine arts 130,857 -
Company
Shares in
group
undertakings
£   
COST
At 1st July 2023
and 30th June 2024 17,085,101
NET BOOK VALUE
At 30th June 2024 17,085,101
At 30th June 2023 17,085,101

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


13. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Echo Studios Holdings Limited
Registered office: Sovereign House, 155 High Street, Aldershot, Hampshire GU11 1TT
Nature of business: Holding company
%
Class of shares: holding
Ordinary-A 100.00
2024 2023
£    £   
Aggregate capital and reserves 8,402,401 8,150,986
Profit for the year 341,537 293,226

Slate Creative Limited
Registered office: Griffin House,135 High Street,Crawley,West Sussex,RH10 1DQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

Echox Limited
Registered office: Griffin House,135 High Street,Crawley,West Sussex,RH10 1DQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100


14. STOCKS

Group
2024 2023
£    £   
Stocks 220,076 252,393

The company has allowed a floating charge over the company’s assets, including stocks as security for the bank.

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


15. DEBTORS

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year:
Trade debtors 3,745,736 3,488,262 - -
Other debtors 150,441 97,461 5,078 346
Directors' current accounts 166,980 47,967 - -
Prepayments and accrued income 1,231,314 1,215,931 - -
5,294,471 4,849,621 5,078 346

Amounts falling due after more than one year:
Other debtors 29,647 33,739 29,647 33,739
Directors' loan accounts 87,842 105,767 87,842 105,767
117,489 139,506 117,489 139,506

Aggregate amounts 5,411,960 4,989,127 122,567 139,852

The company has allowed a floating charge over the company’s assets, including stocks as security for the bank.

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Debentures (see note 18) - 426,412 - 426,412
Bank loans and overdrafts (see note 18) 538,089 3,062,941 125,000 1,669,545
Trade creditors 761,126 876,566 - -
Other creditors 30,650 23,516 - -
Amounts owed to group undertakings - - 7,066,025 3,866,025
Tax 791,400 280,168 - 33,739
Social security and other taxes 700,479 470,446 - -
VAT 38,360 25,786 - -
Accruals and deferred income 1,174,800 581,594 47,860 84,805
4,034,904 5,747,429 7,238,885 6,080,526

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 18) 1,125,000 - 1,125,000 -

18. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Debentures - 426,412 - 426,412
Bank overdrafts 413,089 1,393,396 - -
Bank mortgage loan 125,000 1,669,545 125,000 1,669,545
538,089 3,489,353 125,000 2,095,957
Amounts falling due between two and five years:
Bank mortgage loan 2-5 years 1,125,000 - 1,125,000 -

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 270,138 272,867
Between one and five years 931,312 470,075
1,201,450 742,942

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


20. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
£    £    £    £   
Debentures - 426,412 - 426,412
Bank overdrafts 413,089 1,393,396 - -
Bank loans 1,250,000 1,669,545 1,250,000 1,669,545
1,663,089 3,489,353 1,250,000 2,095,957

The bank has a fixed and floating charge over the company’s assets to secure the invoice discounting loan ,overdraft and other loans.

The loans in respect of the hire purchase agreements are secured against the assets to which they relate.

Together with its fellow group companies, the company has provided guarantees and security in support of group borrowings from Barclays Bank PLC.

The security provided comprises fixed and floating charges over all property and undertaking of the business.

21. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 410,996 405,793

Group
Deferred
tax
£   
Balance at 1st July 2023 405,793
Charge to Statement of Comprehensive Income during year 5,203
Balance at 30th June 2024 410,996

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


22. CALLED UP SHARE CAPITAL

Called up share capital

Number Class Nominal Value £
1,000,000 Ordinary-A £1.00 1,000,000

On 25 January 2019 6 subscriber shares were issued at par. On 8 March 2019 a further 994 shares were issued at par.

On 3 April 2019 999,000 shares were issued uncalled; 299,700 were issued at a price of £3.062 per share. During the year £44,606 was received and credited to share capital and share premium.The remaining 699,300 shares were issued in exchange for shares in Echo Studios Holdings Limited valued at £10,200,000 and this value has been credited, as fully paid, to share capital and share premium.

23. RESERVES

Group
Retained Share
earnings premium Totals
£    £    £   

At 1st July 2023 (266,672 ) 10,119,292 9,852,620
Profit for the year 1,694,364 1,694,364
Dividends (1,200,000 ) (1,200,000 )
At 30th June 2024 227,692 10,119,292 10,346,984

Company
Retained Share
earnings premium Totals
£    £    £   

At 1st July 2023 86,113 10,119,292 10,205,405
Deficit for the year (122,940 ) (122,940 )
Dividends (1,200,000 ) (1,200,000 )
At 30th June 2024 (1,236,827 ) 10,119,292 8,882,465


24. CONTINGENT LIABILITIES

Together with its fellow group companies, the company has provided guarantees and security in support of group borrowings from Barclays Bank PLC.

The security provided comprises fixed and floating charges over all property and undertaking of the business.

Echo House Limited (Registered number: 11790377)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30th June 2024


25. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company's key management personnel are considered to be the directors.

The controlling party is M D Cardwell.