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REGISTERED NUMBER: SC526804 (Scotland)















Financial Statements

for the Year Ended

28th February 2022

for

Ecofit Windows And Doors Ltd

Ecofit Windows And Doors Ltd (Registered number: SC526804)






Contents of the Financial Statements
for the Year Ended 28th February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ecofit Windows And Doors Ltd

Company Information
for the Year Ended 28th February 2022







DIRECTORS: P Reid
G J Myles





REGISTERED OFFICE: 10 Barlow Park
Broughty Ferry
Dundee
DD5 3UB





REGISTERED NUMBER: SC526804 (Scotland)





ACCOUNTANTS: AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB

Ecofit Windows And Doors Ltd (Registered number: SC526804)

Balance Sheet
28th February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,734 56,957

CURRENT ASSETS
Stocks 170,257 31,332
Debtors 5 126,005 70,271
Cash at bank 177,433 174,499
473,695 276,102
CREDITORS
Amounts falling due within one year 6 406,061 238,790
NET CURRENT ASSETS 67,634 37,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,368

94,269

CREDITORS
Amounts falling due after more than one
year

7

49,530

67,621
NET ASSETS 68,838 26,648

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 68,836 26,646
SHAREHOLDERS' FUNDS 68,838 26,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2022 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.

Ecofit Windows And Doors Ltd (Registered number: SC526804)

Balance Sheet - continued
28th February 2022


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 and authorised for issue on 15th July 2022 and were signed on its behalf by:




G J Myles - Director



P Reid - Director


Ecofit Windows And Doors Ltd (Registered number: SC526804)

Notes to the Financial Statements
for the Year Ended 28th February 2022

1. STATUTORY INFORMATION

Ecofit Windows And Doors Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Ecofit Windows And Doors Ltd (Registered number: SC526804)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st March 2021 15,492 9,532 1,298
Additions - 2,309 -
At 28th February 2022 15,492 11,841 1,298
DEPRECIATION
At 1st March 2021 3,941 3,566 514
Charge for year 1,155 1,241 118
At 28th February 2022 5,096 4,807 632
NET BOOK VALUE
At 28th February 2022 10,396 7,034 666
At 28th February 2021 11,551 5,966 784

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2021 62,814 4,194 93,330
Additions - - 2,309
At 28th February 2022 62,814 4,194 95,639
DEPRECIATION
At 1st March 2021 24,784 3,568 36,373
Charge for year 5,704 314 8,532
At 28th February 2022 30,488 3,882 44,905
NET BOOK VALUE
At 28th February 2022 32,326 312 50,734
At 28th February 2021 38,030 626 56,957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 123,755 68,021
Other debtors 2,250 2,250
126,005 70,271

Ecofit Windows And Doors Ltd (Registered number: SC526804)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade creditors 302,514 146,548
Taxation and social security 59,158 52,288
Other creditors 44,389 39,954
406,061 238,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.22 28.2.21
£    £   
Bank loans 42,014 50,000
Hire purchase contracts 7,516 17,621
49,530 67,621