Ecco Finishing Supplies Limited

Registered number

03112795

Filleted Accounts

31 December 2024

Ecco Finishing Supplies Limited
Registered number:		03112795
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		418,776			419,414

Current assets
Stocks		415,906			535,906
Debtors	4	1,052,615			955,075
Cash at bank and in hand		563,987			186,398
		2,032,508			1,677,379

Creditors: amounts falling due within one year	5	(1,374,850)			(1,104,431)

Net current assets			657,658			572,948

Total assets less current liabilities			1,076,434			992,362

Creditors: amounts falling due after more than one year	6		(76,814)			(127,267)

Provisions for liabilities			(74,020)			(71,887)


Net assets			925,600			793,208

Capital and reserves
Called up share capital			100			100
Profit and loss account			925,500			793,108

Shareholders' funds			925,600			793,208

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




K Miller
Director
Approved by the board on 30 September 2025

Ecco Finishing Supplies Limited
Notes to the Accounts
for the year ended 31 December 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Plant and machinery			15% on reducing balance
	Fixtures, fittings and equipment			20% on cost
	Computer equipment			20% on cost
	Motor vehicles			20% on reducing balance

	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
	Current tax 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. Deferred tax Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					17		15


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	1		828,962		204,576		1,033,539
	Additions	-		45,443		22,945		68,388
	At 31 December 2024	1		874,405		227,521		1,101,927

	Depreciation
	At 1 January 2024	-		531,036		83,089		614,125
	Charge for the year	-		44,728		24,298		69,026
	At 31 December 2024	-		575,764		107,387		683,151

	Net book value
	At 31 December 2024	1		298,641		120,134		418,776
	At 31 December 2023	1		297,926		121,487		419,414


4	Debtors					2024		2023
£							£

	Trade debtors					1,052,615		955,075


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					58,300		47,281
	Obligations under finance lease and hire purchase contracts					9,508		8,908
	Trade creditors					697,177		605,418
	Taxation and social security costs					43,263		37,468
	Other creditors					566,602		405,356
						1,374,850		1,104,431


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					32,660		74,321
	Obligations under finance lease and hire purchase contracts					44,154		52,946
						76,814		127,267


7	Other information

	Ecco Finishing Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 6 Letitia Industrial Estate
	Middlesbrough
	Cleveland
	TS5 4BE