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Company No: 10406142 (England and Wales)

ECM SOUTHWEST LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ECM SOUTHWEST LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ECM SOUTHWEST LIMITED

BALANCE SHEET

As at 31 March 2025
ECM SOUTHWEST LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 11,534 23,488
11,534 23,488
Current assets
Debtors 4 126 12,838
Cash at bank and in hand 42,039 33,290
42,165 46,128
Creditors: amounts falling due within one year 5 ( 15,876) ( 17,558)
Net current assets 26,289 28,570
Total assets less current liabilities 37,823 52,058
Creditors: amounts falling due after more than one year 6 ( 1,000) ( 5,455)
Provision for liabilities ( 1,880) ( 2,054)
Net assets 34,943 44,549
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 34,941 44,547
Total shareholders' funds 34,943 44,549

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of ECM Southwest Limited (registered number: 10406142) were approved and authorised for issue by the Board of Directors on 09 June 2025. They were signed on its behalf by:

Miss L T Scott
Director
Mr R H Stirland
Director
ECM SOUTHWEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ECM SOUTHWEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ECM Southwest Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Churchill Way, Taunton, TA1 3QR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable in respect of services to customers.
Turnover is recognised when the services have been provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Leasehold improvements 20 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 3 years straight line

Depreciation is charged so as to write off the cost of the assets, other than land and properties under construction, over their estimated useful lives.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Leasehold improve-
ments
Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2024 27,585 23,779 7,803 59,167
Additions 3,287 0 1,262 4,549
At 31 March 2025 30,872 23,779 9,065 63,716
Accumulated depreciation
At 01 April 2024 8,438 20,606 6,635 35,679
Charge for the financial year 1,461 793 947 3,201
Impairment losses 13,302 0 0 13,302
At 31 March 2025 23,201 21,399 7,582 52,182
Net book value
At 31 March 2025 7,671 2,380 1,483 11,534
At 31 March 2024 19,147 3,173 1,168 23,488

4. Debtors

2025 2024
£ £
Trade debtors 0 12,263
Prepayments 126 575
126 12,838

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 3,997 4,146
Amounts owed to directors 800 800
Accruals 2,501 2,450
Corporation tax 6,852 7,039
Other taxation and social security 1,613 1,307
Other creditors 113 1,816
15,876 17,558

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 1,000 5,455

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Directors (800) (800)

Advances

During the year ended 31 March 2025, the directors were advanced £23,800. Repayments of £23,800 were made during the year. The loan is repayable on demand.