E.C.S. Agencies Limited - Accounts to registrar (filleted) - small 18.2

E.C.S. Agencies Limited - Accounts to registrar (filleted) - small 18.2

E.C.S. AGENCIES LIMITED - Company Information

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REGISTERED NUMBER: 00608374 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

E.C.S. AGENCIES LIMITED
Francis James & Partners LLP
1386 London Road
Leigh on Sea
Essex
SS9 2UJ








E.C.S. AGENCIES LIMITED (REGISTERED NUMBER: 00608374)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E.C.S. AGENCIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2019







DIRECTORS: Mrs L G Keston
Mrs K R Hyams





SECRETARY: Mrs K R Hyams





REGISTERED OFFICE: 1386 London Road
Leigh on sea
Essex
SS9 2UJ





REGISTERED NUMBER: 00608374 (England and Wales)





ACCOUNTANTS: Francis James & Partners LLP
1386 London Road
Leigh on Sea
Essex
SS9 2UJ
Page 1
E.C.S. AGENCIES LIMITED (REGISTERED NUMBER: 00608374)

BALANCE SHEET
31 OCTOBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 3 124,612 115,058
Investment property 4 450,000 450,000
574,612 565,058

CURRENT ASSETS
Debtors 5 79 4,577
Cash at bank 79,388 125,909
79,467 130,486
CREDITORS
Amounts falling due within one year 6 3,328 3,883
NET CURRENT ASSETS 76,139 126,603
TOTAL ASSETS LESS CURRENT
LIABILITIES
650,751
691,661

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 435,125 425,570
Retained earnings 215,526 265,991
SHAREHOLDERS' FUNDS 650,751 691,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

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 approved by the Board of Directors on 20 March 2020 and were signed on its behalf by:




Mrs L G Keston - Director


The notes form part of these financial statements

Page 2
E.C.S. AGENCIES LIMITED (REGISTERED NUMBER: 00608374)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

The Companies Act requirement is that depreciation should be provided in respect of all fixed assets with a finite
useful economic life has been overridden in respect of the company's freehold investment property in accordance
with the Financial Reporting Standard for Smaller Entities. Accordingly, the values of these properties are
reviewed annually, but no depreciation is provided.

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.

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.

Unlisted investments
Unlisted investments are included at their open market value at the balance sheet date.

Listed investments
Listed investments are shown at the lower of cost or recoverable amount at the balance sheet date.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 3 continued...
E.C.S. AGENCIES LIMITED (REGISTERED NUMBER: 00608374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2018 115,058
Revaluations 9,554
At 31 October 2019 124,612
NET BOOK VALUE
At 31 October 2019 124,612
At 31 October 2018 115,058

Cost or valuation at 31 October 2019 is represented by:

Other
investments
£   
Valuation in 2010 26,602
Valuation in 2011 4,282
Valuation in 2012 4,080
Valuation in 2013 14,744
Valuation in 2014 2,634
Valuation in 2015 2,793
Valuation in 2016 17,247
Valuation in 2017 6,721
Valuation in 2018 (9,045 )
Valuation in 2019 9,554
Cost 45,000
124,612

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2018
and 31 October 2019 450,000
NET BOOK VALUE
At 31 October 2019 450,000
At 31 October 2018 450,000

Fair value at 31 October 2019 is represented by:

£   
Valuation in 2002 400,396
Cost 49,604
450,000

Page 4 continued...
E.C.S. AGENCIES LIMITED (REGISTERED NUMBER: 00608374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

4. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2019 2018
£    £   
Cost 49,604 49,604

Investment properties were valued on an open market basis on 31 October 2009 by Mrs L G Keston (director of the company)
.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 79 79
Tax - 4,498
79 4,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Directors' current accounts 1,828 1,483
Accrued expenses 1,500 2,400
3,328 3,883

7. RESERVES
Revaluation
reserve
£   
At 1 November 2018 425,570
Revaluation of investments
during the year 9,555

At 31 October 2019 435,125

8. RELATED PARTY DISCLOSURES

Included in other creditors is the sum of £1,828 (2018 - £1,483) due to the directors.

During the year, the company paid dividends to the directors and other related parties as follows:

Class of share 2019 2018
£ £
Mrs L G Keston Ordinary 15,000 18,750
Mrs K R Hyams Ordinary 19,000 23,750
The Alex Keston Protective Trust Ordinary 2,000 2,500
L N Keston Ordinary 2,000 2,500
M N Keston Ordinary 2,000 2,500

9. ULTIMATE CONTROLLING PARTY

There is no controlling party.

Page 5