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REGISTERED NUMBER: 10073147 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED

ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED (REGISTERED NUMBER: 10073147)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTOR: Mr Zefei Chen





REGISTERED OFFICE: KJG
100 Barbirolli Square
Manchester
United Kingdom
M2 3BD





REGISTERED NUMBER: 10073147 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED (REGISTERED NUMBER: 10073147)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,436 5,681

CURRENT ASSETS
Debtors 5 489,370 213,777
Cash at bank 123,444 63,975
612,814 277,752
CREDITORS
Amounts falling due within one year 6 (557,717 ) (202,314 )
NET CURRENT ASSETS 55,097 75,438
TOTAL ASSETS LESS CURRENT LIABILITIES 64,533 81,119

CREDITORS
Amounts falling due after more than one year 7 - (36,666 )
NET ASSETS 64,533 44,453

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 64,433 44,353
SHAREHOLDERS' FUNDS 64,533 44,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED (REGISTERED NUMBER: 10073147)

BALANCE SHEET - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th November 2023 and were signed by:





Mr Zefei Chen - Director


ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED (REGISTERED NUMBER: 10073147)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Ecosky Environmental Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10073147. The address of the registered office is KJG, 100 Barbirolli Square, Manchester, United Kingdom, M2 3B. The principal place of business is 5 Harbour Exchange Square, Canary Wharf, E14 9GE.

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.

The financial statements have been prepared on a going concern basis due to the continued support of the company's bankers and director.

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

Turnover is represented by the recycling and sale of waste. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of products are recognised when goods are delivered and legal title is passed.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Plant and Machinery -15% on reducing balance

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.


ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED (REGISTERED NUMBER: 10073147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method, less impairment losses for bad and doubtful debts except where the effect of
discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for
bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED (REGISTERED NUMBER: 10073147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2022 7,149
Additions 5,096
At 31st March 2023 12,245
DEPRECIATION
At 1st April 2022 1,468
Charge for year 1,341
At 31st March 2023 2,809
NET BOOK VALUE
At 31st March 2023 9,436
At 31st March 2022 5,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,888 155,054
Directors' current accounts 288,194 -
Tax 4,595 8,099
VAT 101,185 50,378
Prepayments and accrued income 1,508 246
489,370 213,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 551,455 123,315
Social security and other taxes 649 (2,763 )
Other creditors 233 234
Directors' current accounts - 66,523
Accruals and deferred income 5,380 5,005
557,717 202,314

ECOSKY ENVIRONMENTAL SOLUTIONS LIMITED (REGISTERED NUMBER: 10073147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 26,666
- 36,666

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1.00 100 100