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Company Registration No. 05770358 (England and Wales)
ECF COMPOSITES LTD Unaudited accounts for the year ended 31 March 2025
ECF COMPOSITES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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ECF COMPOSITES LTD Company Information for the year ended 31 March 2025
Directors
Mr G Bates Mrs D M Bates
Secretary
Mrs D M Bates
Company Number
05770358 (England and Wales)
Registered Office
East Coast Fibreglass Supplies Ltd West Walpole Street South Shields Tyne and Wear NE33 5BY England
Accountants
G W Accountants Ltd 1 Jesmond Business Court 217 Jesmond Road Newcastle upon Tyne NE2 1LA
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ECF COMPOSITES LTD Accountants' report
Accountants' report to the board of directors of ECF COMPOSITES LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ECF COMPOSITES LTD for the year ended 31 March 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ECF COMPOSITES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ECF COMPOSITES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ECF COMPOSITES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ECF COMPOSITES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ECF COMPOSITES LTD. You consider that ECF COMPOSITES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ECF COMPOSITES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G W Accountants Ltd 1 Jesmond Business Court 217 Jesmond Road Newcastle upon Tyne NE2 1LA 13 August 2025
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ECF COMPOSITES LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
69,453
94,247
Current assets
Inventories
403,675
387,675
Debtors
116,891
118,790
Cash at bank and in hand
535,549
536,916
1,056,115
1,043,381
Creditors: amounts falling due within one year
(475,680)
(464,172)
Net current assets
580,435
579,209
Total assets less current liabilities
649,888
673,456
Creditors: amounts falling due after more than one year
(20,947)
(24,292)
Provisions for liabilities
Deferred tax
(22,496)
(19,142)
Net assets
606,445
630,022
Capital and reserves
Called up share capital
5
98
102
Capital redemption reserve
4
-
Profit and loss account
606,343
629,920
Shareholders' funds
606,445
630,022
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by
Mr G Bates Director Company Registration No. 05770358
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ECF COMPOSITES LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
ECF COMPOSITES LTD is a private company, limited by shares, registered in England and Wales, registration number 05770358. The registered office is East Coast Fibreglass Supplies Ltd, West Walpole Street, South Shields, Tyne and Wear, NE33 5BY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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ECF COMPOSITES LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
268,307
Disposals
(18,573)
At 31 March 2025
249,734
Depreciation
At 1 April 2024
174,060
Charge for the year
18,708
On disposals
(12,487)
At 31 March 2025
180,281
Net book value
At 31 March 2025
69,453
At 31 March 2024
94,247
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
17,970
23,959
5
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
98 Ordinary shares of £1 each
98
102
6
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
G P Bates
(19,262)
87,296
71,482
(3,448)
(19,262)
87,296
71,482
(3,448)
The above loan is unsecured, interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 19 (2024: 20).
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