E.C.A. Supplies (Coventry) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01834843 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

E.C.A. SUPPLIES (COVENTRY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr AC Everett

Mr D Chambers

Mr DM Whitehouse

Mr DF Macaffer

SECRETARY:

Mrs J Everett

REGISTERED OFFICE:

Unit 14

Henley Industrial Park

Henley Road

Coventry

CV2 1ST

REGISTERED NUMBER:

01834843 (England and Wales)

BANKERS:

National Westminster Bank plc

1 St. Philips Place

Birmingham

B3 2PP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

348,169

356,957

348,169

356,957

CURRENT ASSETS

Stocks

771,456

899,486

Debtors

6

981,889

996,798

Cash at bank and in hand

248,494

112,045

2,001,839

2,008,329

CREDITORS

Amounts falling due within one year

7

1,986,344

1,816,473

NET CURRENT ASSETS

15,495

191,856

TOTAL ASSETS LESS CURRENT
LIABILITIES

363,664

548,813

CREDITORS

Amounts falling due after more than one
year

8

(125,369

)

(311,648

)

PROVISIONS FOR LIABILITIES

(688

)

-

NET ASSETS

237,607

237,165

CAPITAL AND RESERVES

Called up share capital

52,813

Retained earnings

184,794

184,352

SHAREHOLDERS' FUNDS

237,607

237,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr AC Everett - Director

1.	STATUTORY INFORMATION

E.C.A. Supplies (Coventry) 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 Company Information page.

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

25% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

costs

£

COST

At 1 January 2024

and 31 December 2024

8,051

AMORTISATION

At 1 January 2024

and 31 December 2024

8,051

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

196,115

24,065

428,114

420,706

1,069,000

Additions

-

11,307

74,990

86,297

Disposals

-

(58,630

)

(58,630

)

At 31 December 2024

196,115

24,065

439,421

437,066

1,096,667

DEPRECIATION

At 1 January 2024

107,851

19,095

382,065

203,032

712,043

Charge for year

4,607

746

8,345

60,012

73,710

Eliminated on disposal

-

(37,255

)

(37,255

)

At 31 December 2024

112,458

19,841

390,410

225,789

748,498

NET BOOK VALUE

At 31 December 2024

83,657

4,224

49,011

211,277

348,169

At 31 December 2023

88,264

4,970

46,049

217,674

356,957

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

269,362

Additions

64,990

Disposals

(23,884

)

At 31 December 2024

310,468

DEPRECIATION

At 1 January 2024

96,463

Charge for year

50,561

Eliminated on disposal

(14,480

)

At 31 December 2024

132,544

NET BOOK VALUE

At 31 December 2024

177,924

At 31 December 2023

172,899

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

690,119

732,406

Other debtors

291,770

264,392

981,889

996,798

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

120,000

Hire purchase contracts (see note 9)

57,015

62,893

Trade creditors

964,687

763,055

Taxation and social security

178,486

112,872

Other creditors

666,156

757,653

1,986,344

1,816,473

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

50,000

170,000

Hire purchase contracts (see note 9)

66,812

75,444

Other creditors

8,557

66,204

125,369

311,648

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

Net obligations repayable:

Within one year

57,015

62,893

Between one and five years

66,812

75,444

123,827

138,337

Non-cancellable

operating leases

2024

2023

£

Within one year

99,000

94,000

Between one and five years

314,750

147,750

In more than five years

104,167

116,833

517,917

358,583

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

170,000

290,000

Hire purchase contracts

123,827

138,337

RBS invoice discounting

526,100

571,472

819,927

999,809

The bank loans are secured by a debenture.

Amounts owing under hire purchase contracts are secured on the assets concerned.

The balance owing to The Royal Bank of Scotland included in other creditors is secured by a fixed charge over the factored book debts of the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr AC Everett.