Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity1012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06573278 2022-04-01 2023-03-31 06573278 2021-04-01 2022-03-31 06573278 2023-03-31 06573278 2022-03-31 06573278 c:CompanySecretary1 2022-04-01 2023-03-31 06573278 c:Director1 2022-04-01 2023-03-31 06573278 c:Director2 2022-04-01 2023-03-31 06573278 c:RegisteredOffice 2022-04-01 2023-03-31 06573278 d:PlantMachinery 2022-04-01 2023-03-31 06573278 d:PlantMachinery 2023-03-31 06573278 d:PlantMachinery 2022-03-31 06573278 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06573278 d:FurnitureFittings 2022-04-01 2023-03-31 06573278 d:FurnitureFittings 2023-03-31 06573278 d:FurnitureFittings 2022-03-31 06573278 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06573278 d:ComputerEquipment 2022-04-01 2023-03-31 06573278 d:ComputerEquipment 2023-03-31 06573278 d:ComputerEquipment 2022-03-31 06573278 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06573278 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06573278 d:CurrentFinancialInstruments 2023-03-31 06573278 d:CurrentFinancialInstruments 2022-03-31 06573278 d:Non-currentFinancialInstruments 2023-03-31 06573278 d:Non-currentFinancialInstruments 2022-03-31 06573278 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06573278 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06573278 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06573278 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06573278 d:ShareCapital 2023-03-31 06573278 d:ShareCapital 2022-03-31 06573278 d:RetainedEarningsAccumulatedLosses 2023-03-31 06573278 d:RetainedEarningsAccumulatedLosses 2022-03-31 06573278 c:FRS102 2022-04-01 2023-03-31 06573278 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06573278 c:FullAccounts 2022-04-01 2023-03-31 06573278 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 06573278







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


ECODIS LIMITED






































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ECODIS LIMITED
 


 
COMPANY INFORMATION


Directors
K A Davis 
D J Lynch 




Company secretary
K A Davis



Registered number
06573278



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


ECODIS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


ECODIS LIMITED
REGISTERED NUMBER:06573278



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
54,784
69,645

  
54,784
69,645

Current assets
  

Stocks
  
95,725
108,829

Debtors
 5 
85,823
88,982

Cash at bank and in hand
  
57,864
73,549

  
239,412
271,360

Creditors: amounts falling due within one year
 6 
(84,835)
(84,472)

Net current assets
  
 
 
154,577
 
 
186,888

Total assets less current liabilities
  
209,361
256,533

Creditors: amounts falling due after more than one year
 7 
(39,320)
(31,571)

Provisions for liabilities
  

Deferred tax
  
(13,648)
(11,431)

  
 
 
(13,648)
 
 
(11,431)

Net assets
  
156,393
213,531


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
156,389
213,527

  
156,393
213,531


Page 1

 


ECODIS LIMITED
REGISTERED NUMBER:06573278


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K A Davis
Director

Date: 24 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


ECODIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ecodis is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.  
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover  is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover  can be reliably measured. Turnover  is generated through sale of Vape products and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


ECODIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 


ECODIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 12).

Page 5

 


ECODIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
75,545
61,354
18,786
155,685


Additions
-
458
2,942
3,400



At 31 March 2023

75,545
61,812
21,728
159,085



Depreciation


At 1 April 2022
38,884
42,529
4,627
86,040


Charge for the year on owned assets
9,165
4,821
4,275
18,261



At 31 March 2023

48,049
47,350
8,902
104,301



Net book value



At 31 March 2023
27,496
14,462
12,826
54,784



At 31 March 2022
36,661
18,825
14,159
69,645


5.


Debtors

2023
2022
£
£



Trade debtors
48,132
41,554

Other debtors
33,439
36,686

Prepayments and accrued income
4,252
10,742

85,823
88,982


Page 6

 


ECODIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
37,210
16,524

Trade creditors
22,151
37,685

Corporation tax
13,735
17,107

Other taxation and social security
2,752
2,944

Other creditors
6,487
7,712

Accruals and deferred income
2,500
2,500

84,835
84,472


Included within creditors due within one year of £37,210 is loan amount of £10,649 which is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
39,320
31,571

39,320
31,571


Included within creditors due after more than one year of £39,320 is a loan amount of £21,740 which is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government.

 
Page 7