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REGISTERED NUMBER: SC297585 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

East Coast Organics Ltd

East Coast Organics Ltd (Registered number: SC297585)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


East Coast Organics Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M F Callender
Miss S M V Aykroyd





SECRETARY: M F Callender





REGISTERED OFFICE: 24 Boggs Holdings
Pencaitland
Tranent
East Lothian
EH34 5BD





REGISTERED NUMBER: SC297585 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

East Coast Organics Ltd (Registered number: SC297585)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1,150,140 1,201,720
1,150,140 1,201,720

CURRENT ASSETS
Inventories 6 77,969 71,667
Debtors 7 29,292 54,008
Cash at bank and in hand 466,323 358,353
573,584 484,028
CREDITORS
Amounts falling due within one year 8 286,420 178,587
NET CURRENT ASSETS 287,164 305,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,437,304

1,507,161

CREDITORS
Amounts falling due after more than one
year

9

(55,977

)

(70,269

)

PROVISIONS FOR LIABILITIES (39,500 ) (36,500 )
NET ASSETS 1,341,827 1,400,392

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,341,727 1,400,292
SHAREHOLDERS' FUNDS 1,341,827 1,400,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

East Coast Organics Ltd (Registered number: SC297585)

Balance Sheet - continued
31 March 2023


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 1 November 2023 and were signed on its behalf by:





M F Callender - Director


East Coast Organics Ltd (Registered number: SC297585)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 10% on cost
Plant and machinery - 50% on cost and 20% on cost
Bicycles & Accessories - 50% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

East Coast Organics Ltd (Registered number: SC297585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 248,592
AMORTISATION
At 1 April 2022
and 31 March 2023 248,592
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Buildings Land machinery
£    £    £   
COST
At 1 April 2022 194,692 895,935 276,459
Additions - - 8,023
Disposals - - -
At 31 March 2023 194,692 895,935 284,482
DEPRECIATION
At 1 April 2022 80,969 - 216,939
Charge for year 19,080 - 16,309
Eliminated on disposal - - -
At 31 March 2023 100,049 - 233,248
NET BOOK VALUE
At 31 March 2023 94,643 895,935 51,234
At 31 March 2022 113,723 895,935 59,520

East Coast Organics Ltd (Registered number: SC297585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Bicycles Motor Computer
& Accessories vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 6,116 292,712 8,499 1,674,413
Additions 2,658 70,816 768 82,265
Disposals - (66,427 ) - (66,427 )
At 31 March 2023 8,774 297,101 9,267 1,690,251
DEPRECIATION
At 1 April 2022 4,567 164,128 6,090 472,693
Charge for year 2,878 50,726 2,793 91,786
Eliminated on disposal - (24,368 ) - (24,368 )
At 31 March 2023 7,445 190,486 8,883 540,111
NET BOOK VALUE
At 31 March 2023 1,329 106,615 384 1,150,140
At 31 March 2022 1,549 128,584 2,409 1,201,720

6. INVENTORIES
31/3/23 31/3/22
£    £   
Stocks 77,969 71,667

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors (39 ) 750
Other debtors 12,022 35,569
VAT 269 -
Prepayments 17,040 17,689
29,292 54,008

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 158,740 81,234
Customers paid in advance 21,958 21,958
Corporation Tax 10,815 29,041
Social security and other taxes 4,646 5,197
VAT - 823
Other creditors 1,608 1,511
Directors' current accounts 65,254 17,558
Deferred income 473 473
Accrued expenses 22,926 20,792
286,420 178,587

East Coast Organics Ltd (Registered number: SC297585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Other loans - 1-2 years 55,977 70,269

10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £