Company Registration No. 12448391 (England and Wales)
ECO FRIENDLY ENERGY LTD
Unaudited accounts
for the year ended 28 February 2023
ECO FRIENDLY ENERGY LTD
Unaudited accounts
Contents
ECO FRIENDLY ENERGY LTD
Company Information
for the year ended 28 February 2023
Company Number
12448391 (England and Wales)
Registered Office
HEN TRECNWC
GLANDWR
WHITLAND
SA34 0YD
WALES
Accountants
Abacus Jack Ltd
New Century House
Crowther Road
Washington
Tyne and Wear
NE38 0QA
ECO FRIENDLY ENERGY LTD
Statement of financial position
as at 28 February 2023
Tangible assets
3,144
24,359
Cash at bank and in hand
(3,417)
60,845
Creditors: amounts falling due within one year
(36,345)
(36,943)
Net current assets
66,608
69,137
Total assets less current liabilities
69,752
93,496
Creditors: amounts falling due after more than one year
(68,636)
(24,183)
Called up share capital
2
2
Profit and loss account
1,114
69,311
Shareholders' funds
1,116
69,313
For the year ending 28 February 2023 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 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 and authorised for issue on 19 October 2023 and were signed on its behalf by
Mathew J Terry
Director
Company Registration No. 12448391
ECO FRIENDLY ENERGY LTD
Notes to the Accounts
for the year ended 28 February 2023
ECO FRIENDLY ENERGY LTD is a private company, limited by shares, registered in England and Wales, registration number 12448391. The registered office is HEN TRECNWC, GLANDWR, WHITLAND, SA34 0YD, WALES.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
Over 3 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
9,663
19,795
1,249
30,707
Disposals
-
(19,785)
-
(19,785)
At 28 February 2023
9,663
10
1,249
10,922
At 1 March 2022
1,973
3,959
416
6,348
Charge for the year
1,973
6,959
416
9,348
On disposals
-
(7,918)
-
(7,918)
At 28 February 2023
3,946
3,000
832
7,778
At 28 February 2023
5,717
(2,990)
417
3,144
At 28 February 2022
7,690
15,836
833
24,359
Carrying values included above held under finance leases and hire purchase contracts:
£
£
ECO FRIENDLY ENERGY LTD
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
94,949
22,587
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
26,120
4,440
Obligations under finance leases and hire purchase contracts
-
4,155
Taxes and social security
29,671
29,257
Loans from directors
(35,746)
(909)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
12,159
Director's loan have been repaid within 9 months of the company year end.
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).