REGISTERED NUMBER: 10005105 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ECDB LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R Ghaderi

REGISTERED OFFICE:

Langley House

Park Road

London

N2 8EY

REGISTERED NUMBER:

10005105 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

Park Road

East Finchley

London

N2 8EY

FIXED ASSETS

Tangible assets

4

5,079

6,772

CURRENT ASSETS

Stocks

100,000

250,000

Debtors

5

583,054

550,618

Cash at bank

1,598

18,491

684,652

819,109

CREDITORS

Amounts falling due within one year

6

590,877

741,301

NET CURRENT ASSETS

93,775

77,808

TOTAL ASSETS LESS CURRENT LIABILITIES

98,854

84,580

CREDITORS

Amounts falling due after more than one year

7

36,570

42,071

NET ASSETS

62,284

42,509

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62,184

42,409

62,284

42,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:

R Ghaderi - Director

1.	STATUTORY INFORMATION

ECDB Ltd 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 Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, excluding discounts, rebates, value added tax and other sales taxes.

Under FRS 102 Section 1A, revenue is required to be recognised from the provision of services on the completion method where it can be measured reliably. Therefore the work in progress figure represents recoverable unbilled work that has been recognised within the profit and loss account.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% Reducing balance

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 the Statement of Comprehensive Income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment of assets

A review of 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 reversals at each reporting date.

Provisions

The company shall recognise a provision only when:

a) the company has an obligation at the reporting date as a result of a past event.

b) it is probable that the company will require to settle the liability.

c) the amount can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2023

and 29 February 2024

26,500

DEPRECIATION

At 1 March 2023

19,728

Charge for year

1,693

At 29 February 2024

21,421

NET BOOK VALUE

At 29 February 2024

5,079

At 28 February 2023

6,772

5.

DEBTORS

29.2.24

28.2.23

£

£

Amounts falling due within one year:

Trade debtors

-

5,221

Amounts owed by group undertakings

265,866

366,674

Amounts owed by associates

366

-

Other debtors

18,101

18,723

284,333

390,618

Amounts falling due after more than one year:

Other debtors

298,721

160,000

Aggregate amounts

583,054

550,618

Included in other debtors are prepayments of £7,145 (2023: £8,700).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.24

28.2.23

£

£

Bank loans and overdrafts

5,500

5,500

Trade creditors

75,622

152,959

Taxation and social security

187,599

142,332

Other creditors

322,156

440,510

590,877

741,301

Included within other creditors are accrued expenses of £23,500 (2023: £429,189)

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.24

28.2.23

£

£

Bank loans

36,570

42,071

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,570

20,071

8.	ULTIMATE CONTROLLING PARTY

The company is under the 100% control of parent company, ECDB Holdings Limited and the registered office is Langley House, Park Road, London, N2 8EY