Company Registration No. 11328685 (England and Wales)
EC BUILDS LTD
Unaudited accounts
for the year ended 30 April 2024
EC BUILDS LTD
Unaudited accounts
Contents
EC BUILDS LTD
Company Information
for the year ended 30 April 2024
Company Number
11328685 (England and Wales)
Registered Office
5 Scrub Lane
Benfleet
Essex
SS7 2JA
England
Accountants
Lo Roche Business Services Ltd
5 Scrub Lane
Hadleigh
Benfleet
SS7 2JA
EC BUILDS LTD
Statement of financial position
as at 30 April 2024
Investment property
422,000
422,000
Inventories
315,573
314,335
Cash at bank and in hand
38
1,868
Creditors: amounts falling due within one year
(960,181)
(960,556)
Net current liabilities
(637,761)
(581,503)
Net liabilities
(215,149)
(158,481)
Called up share capital
100
100
Profit and loss account
(215,249)
(158,581)
Shareholders' funds
(215,149)
(158,481)
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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 April 2025 and were signed on its behalf by
Eamon Condon
Director
Company Registration No. 11328685
EC BUILDS LTD
Notes to the Accounts
for the year ended 30 April 2024
EC BUILDS LTD is a private company, limited by shares, registered in England and Wales, registration number 11328685. The registered office is 5 Scrub Lane, Benfleet, Essex, SS7 2JA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently
it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the
directors continue to adopt the going concern basis of accounting in preparing the financial statements.
EC BUILDS LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 May 2023
422,000
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Amounts falling due within one year
Other debtors
6,809
62,850
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
959,356
959,357
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
EC BUILDS LTD
Notes to the Accounts
for the year ended 30 April 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
62,850
100
56,141
6,809
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).