Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08958018 Mr Eligijus Cinaitis Miss Sofia Jabbar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08958018 2024-03-31 08958018 2025-03-31 08958018 2024-04-01 2025-03-31 08958018 frs-core:CurrentFinancialInstruments 2025-03-31 08958018 frs-core:Non-currentFinancialInstruments 2025-03-31 08958018 frs-core:FurnitureFittings 2025-03-31 08958018 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08958018 frs-core:FurnitureFittings 2024-03-31 08958018 frs-core:MotorVehicles 2025-03-31 08958018 frs-core:MotorVehicles 2024-04-01 2025-03-31 08958018 frs-core:MotorVehicles 2024-03-31 08958018 frs-core:ShareCapital 2025-03-31 08958018 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08958018 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08958018 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08958018 frs-bus:SmallEntities 2024-04-01 2025-03-31 08958018 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08958018 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08958018 frs-bus:Director1 2024-04-01 2025-03-31 08958018 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 08958018 frs-countries:EnglandWales 2024-04-01 2025-03-31 08958018 2023-03-31 08958018 2024-03-31 08958018 2023-04-01 2024-03-31 08958018 frs-core:CurrentFinancialInstruments 2024-03-31 08958018 frs-core:Non-currentFinancialInstruments 2024-03-31 08958018 frs-core:ShareCapital 2024-03-31 08958018 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08958018
ECS Textiles Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08958018
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 157,646 164,809
Investment Properties 5 563,127 563,127
720,773 727,936
CURRENT ASSETS
Stocks 6 42,511 45,928
Debtors 7 424,614 210,685
Cash at bank and in hand 68,530 170,833
535,655 427,446
Creditors: Amounts Falling Due Within One Year 8 (249,461 ) (202,563 )
NET CURRENT ASSETS (LIABILITIES) 286,194 224,883
TOTAL ASSETS LESS CURRENT LIABILITIES 1,006,967 952,819
Creditors: Amounts Falling Due After More Than One Year 9 (7,453 ) (17,574 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,811 ) (37,686 )
NET ASSETS 961,703 897,559
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 960,703 896,559
SHAREHOLDERS' FUNDS 961,703 897,559
Page 1
Page 2
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Eligijus Cinaitis
Director
12/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ECS Textiles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08958018 . The registered office is Block 6 Gloucester Road, North Shields, Tyne and Wear, NE29 8RQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 41 46
41 46
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 39,294 278,418 317,712
Additions - 40,411 40,411
Disposals - (12,500 ) (12,500 )
As at 31 March 2025 39,294 306,329 345,623
Depreciation
As at 1 April 2024 21,517 131,386 152,903
Provided during the period 1,923 37,486 39,409
Disposals (4,335 ) - (4,335 )
As at 31 March 2025 19,105 168,872 187,977
Net Book Value
As at 31 March 2025 20,189 137,457 157,646
As at 1 April 2024 17,777 147,032 164,809
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Page 5
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 563,127
6. Stocks
2025 2024
£ £
Work in progress 42,511 45,928
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 367,449 112,360
Prepayments and accrued income 3,730 5,750
Other debtors 5,225 4,500
VAT 48,210 88,075
424,614 210,685
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 144,125 95,337
Bank loans and overdrafts 10,000 9,999
Corporation tax 21,344 39,693
Other creditors 22,145 12,575
Accruals and deferred income 114 112
Capital grants 1,024 1,280
Director's loan account 50,709 43,567
249,461 202,563
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,357 12,454
Capital grants 4,096 5,120
7,453 17,574
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 5
Page 6
2025 2024
£ £
Mr Eligijus Cinaitis 500 1,000
12. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 500 1,000
Page 6