REGISTERED NUMBER: NI062433 (Northern Ireland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ECI LIGHTING (NI) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

G Dwyer

D Hanratty

SECRETARY:

G Dwyer

REGISTERED OFFICE:

3 Duncrue Industrial Park

Duncrue Road

Belfast

BT3 9BP

REGISTERED NUMBER:

NI062433 (Northern Ireland)

AUDITORS:

Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

BANKERS:

Bank of Ireland

7 Townhall Street

Enniskillen

Co. Fermanagh

BT74 7DB

FIXED ASSETS

Tangible assets

5

8,973

16,869

CURRENT ASSETS

Stocks

6

271,878

308,077

Debtors

7

353,261

266,302

Cash at bank and in hand

22,768

53,306

647,907

627,685

CREDITORS

Amounts falling due within one year

8

182,621

181,571

NET CURRENT ASSETS

465,286

446,114

TOTAL ASSETS LESS CURRENT LIABILITIES

474,259

462,983

CREDITORS

Amounts falling due after more than one year

9

(1,646

)

(3,509

)

PROVISIONS FOR LIABILITIES

(2,015

)

(3,860

)

NET ASSETS

470,598

455,614

CAPITAL AND RESERVES

Called up share capital

12

1

1

Retained earnings

470,597

455,613

SHAREHOLDERS' FUNDS

470,598

455,614

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 authorised for issue by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

G Dwyer - Director

D Hanratty - Director

1.	STATUTORY INFORMATION

ECI Lighting (NI) Limited is a private company, limited by shares , registered in Northern Ireland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Recoverability of Debtors

Estimates are made in respect of the recoverable value of trade debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the ageing profile of debtors are considered.

Carrying value of stock

Stock represents goods for resale and is valued at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs necessary to make the sale. Provisions are made for obsolete and slow moving stock based on current and historical trading experience.

Turnover

Turnover comprises the value of sales to customers of goods in the normal course of business excluding VAT and trade discounts. Turnover is recognised in the period in which the goods are delivered to the customers.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost and 20% 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leasing commitments

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

Lease incentives

The benefits of lease incentives are recognised in profit and loss account over the lease period.

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.

Impairment of fixed assets

Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use. Fixed assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	AUDITORS' REMUNERATION

31.12.24

31.12.23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

7,200

6,500

All other services

943

3,313

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures,

to

fittings

Motor

Computer

property

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

28,658

30,598

25,450

27,166

111,872

DEPRECIATION

At 1 January 2024

27,228

26,183

20,360

21,232

95,003

Charge for year

516

1,104

5,088

1,188

7,896

At 31 December 2024

27,744

27,287

25,448

22,420

102,899

NET BOOK VALUE

At 31 December 2024

914

3,311

2

4,746

8,973

At 31 December 2023

1,430

4,415

5,090

5,934

16,869

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

271,878

308,077

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

207,081

245,181

Amounts owed by group undertakings

131,973

8,816

Other debtors

14,207

12,305

353,261

266,302

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

84,909

1,564

Hire purchase contracts (see note 10)

-

475

Trade creditors

29,610

42,769

Amounts owed to group undertakings

-

12,186

Taxation and social security

46,305

90,631

Other creditors

21,797

33,946

182,621

181,571

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

1,646

3,509

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

-

475

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

37,265

37,265

Between one and five years

32,607

69,872

69,872

107,137

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Factoring account

84,909

34,350

The factoring account held with Bank of Ireland is secured by way of a standard Debt Purchase Agreement, restricted indemnities from Declan Hanratty and Gary Dwyer, and indemnity from Parent Company.

In addition, facilities in the parent company ECI Lighting Limited are secured by a debenture over all assets, undertakings and liabilities of ECI Lighting (NI) Limited.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Joanne Small (Senior Statutory Auditor)

for and on behalf of Baker Tilly Mooney Moore

14.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of intermediate parent company ECI Lighting Limited. The ultimate parent company is Rylston Enterprises Limited, a company incorporated in the Republic of Ireland. The registered office address is Units 34 & 35, North Park, North Road Finglas Dublin 11.

The ultimate controlling party is D Hanratty who is the majority shareholder of ultimate parent company Rylston Enterprises Limited.