Registered number
10861584
(England & Wales)
ECTON BROOK LTD
Unaudited Filleted Accounts
for the year ended 31 August 2024
ECTON BROOK LTD
Registered number: 10861584
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,460 38,824
Current assets
Stocks 13,650 18,400
Cash at bank and in hand 902,510 795,445
916,160 813,845
Creditors: amounts falling due within one year 4 (146,734) (89,875)
Net current assets 769,426 723,970
Total assets less current liabilities 842,886 762,794
Creditors: amounts falling due after more than one year 5 (7,499) (17,499)
Net assets 835,387 745,295
Capital and reserves
Called up share capital 120 120
Profit and loss account 835,267 745,175
Shareholder's funds 835,387 745,295
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G P Patel
Director
Approved by the board on 22 May 2025
ECTON BROOK LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment 20% per annum on a reducing balance basis
Motor vehicles 20% per annum on a reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Fixtures and equipment Motor vehicles Total
£ £ £
Cost
At 1 September 2023 51,310 9,000 60,310
Additions - 53,010 53,010
At 31 August 2024 51,310 62,010 113,320
Depreciation
At 1 September 2023 15,435 6,051 21,486
Charge for the year 7,182 11,192 18,374
At 31 August 2024 22,617 17,243 39,860
Net book value
At 31 August 2024 28,693 44,767 73,460
At 31 August 2023 35,875 2,949 38,824
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 92,991 25,255
Taxation and social security costs 32,858 47,363
Director's current account 10,885 7,257
146,734 89,875
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,499 17,499
6 Controlling party
The company is under the control of director Mrs G P Patel who holds 100% of the issued ordinary share capital. All dividends paid are for her benefit.
7 Other information
ECTON BROOK LTD is a private company limited by shares and incorporated in England. The accounts are presented in sterling which is the functional currency of the company. Its registered office is:
Ecton Brook Centre
Ecton Brook Road
Northampton
NN3 5EN
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