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Registrar

Registration number: 03239930

E.C. Wire Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

E.C. Wire Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

E.C. Wire Limited

Company Information

Directors | R Kodesh D A D Kodesh

Registered office | Saxon House Haywood Drive Long Melford Sudbury Suffolk England CO10 9LE

Bankers | Bank of Scotland 104 George St Edinburgh EH2 3DF

Accountants | Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

E.C. Wire Limited

(Registration number: 03239930)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 25,438 | 34,276
Investment property | 5 | 65,000 | 85,000
|  | 90,438 | 119,276
Current assets |  |  |
Stocks | 6 | 675,678 | 842,515
Debtors | 7 | 563,760 | 528,176
Cash at bank and in hand |  | 498,100 | 420,365
|  | 1,737,538 | 1,791,056
Creditors: Amounts falling due within one year | 8 | (1,295,411) | (882,596)
Net current assets |  | 442,127 | 908,460
Total assets less current liabilities |  | 532,565 | 1,027,736
Creditors: Amounts falling due after more than one year | 8 | - | (558,468)
Provisions for liabilities |  | (13,907) | (20,909)
Net assets |  | 518,658 | 448,359
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Revaluation reserve |  | 36,732 | 64,280
Retained earnings |  | 481,826 | 383,979
Shareholders' funds |  | 518,658 | 448,359

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

E.C. Wire Limited

(Registration number: 03239930)
Balance Sheet as at 31 August 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2026 and signed on its behalf by:

R Kodesh
Director

E.C. Wire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Saxon House Haywood Drive, Long Melford, Sudbury, Suffolk, CO10 9LE, England.

These financial statements were authorised for issue by the Board on 12 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Prior period errors

During the preparation of the 2025 financial statements, the Company identified errors in the accounting records
relating to the year ended 31 August 2024. Accordingly, the comparative figures for the year ended 31 August
2024 have been restated.
As a result of the restatement, cost of sales have increased and both gross profit and profit before taxation has decreased by £179,647. After adjusting for taxation net profit has decreased by £134,598. Creditors due within one year have increased by £134,598, resulting in a corresponding decrease in both net current assets and net assets.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of wire products in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

E.C. Wire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% Reducing balance
Motor Vehicles | 25% Reducing balance
Plant and equipment | 15% Reducing balance
Fixtures and fittings | 25% Reducing balance

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase costs and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. Changes in fair value are recognised in the profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

E.C. Wire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

E.C. Wire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Office equipment £ | Motor vehicles £ | Fixtures and fittings £ | Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 17,415 | 51,805 | 10,030 | 13,612 | 92,862
At 31 August 2025 | 17,415 | 51,805 | 10,030 | 13,612 | 92,862
Depreciation
At 1 September 2024 | 17,292 | 18,353 | 10,009 | 12,932 | 58,586
Charge for the year | 31 | 8,363 | 11 | 433 | 8,838
At 31 August 2025 | 17,323 | 26,716 | 10,020 | 13,365 | 67,424
Carrying amount
At 31 August 2025 | 92 | 25,089 | 10 | 247 | 25,438
At 31 August 2024 | 123 | 33,452 | 21 | 680 | 34,276

5 | Investment properties

| 2025 £
At 1 September | 85,000
Fair value adjustments | (20,000)
At 31 August 2025 | 65,000

The valuation of the property has been determined by the directors. The director's valuations are based on advice received from independent valuers on property rents. Such valuations are performed on an open market basis, being the amounts for which the assets could be exchanged in an arm's length transaction at the end of the financial period.

6 | Stocks

| 2025 £ | 2024 £
Stock | 675,678 | 842,515

E.C. Wire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 557,574 | 528,176
Prepayments | 6,186 | -
| 563,760 | 528,176

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | (As restated) 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 8,342 | 9,865
Trade creditors |  | 675,978 | 849,568
Taxation and social security |  | 55,542 | 16,290
Accruals and deferred income |  | 8,980 | 6,200
Other creditors |  | 538 | 673
Directors loan |  | 546,031 | -
|  | 1,295,411 | 882,596

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | - | 8,468
Directors loan account |  | - | 550,000
|  | - | 558,468

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

E.C. Wire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 8,342 | 9,865

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 8,468
Directors loan account | - | 550,000
| - | 558,468