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REGISTERED NUMBER: 06437848 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

Econvery Ltd

Econvery Ltd (Registered number: 06437848)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Econvery Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: C Convery





SECRETARY: Mrs L Convery





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 06437848 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Econvery Ltd (Registered number: 06437848)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,581 4,194

CURRENT ASSETS
Stocks 57,490 36,932
Debtors 5 8,498 54,247
Cash at bank and in hand 101,930 73,405
167,918 164,584
CREDITORS
Amounts falling due within one year 6 174,788 186,395
NET CURRENT LIABILITIES (6,870 ) (21,811 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,289 ) (17,617 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (3,293 ) (17,621 )
SHAREHOLDERS' FUNDS (3,289 ) (17,617 )

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 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.

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 director and authorised for issue on 21 November 2023 and were signed by:





C Convery - Director


Econvery Ltd (Registered number: 06437848)

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

1. STATUTORY INFORMATION

Econvery Ltd is a private company, limited by shares , registered in England and Wales. 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.

The accounts have been prepared on a going concern basis since the director and shareholders have undertaken to support the company for at least the following 12 months.

Turnover
Turnover represents invoiced value of services, net of value added tax, recognised at the point of the agreed stages or completion of works.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value

Taxation
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 not recognised in respect of any timing differences which may have originated but not been reversed at the balance sheet date since the amount is not considered to be material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 11,720 25,174 333 37,227
Additions - - 582 582
At 31 March 2023 11,720 25,174 915 37,809
DEPRECIATION
At 1 April 2022 11,024 21,864 145 33,033
Charge for year 174 828 193 1,195
At 31 March 2023 11,198 22,692 338 34,228
NET BOOK VALUE
At 31 March 2023 522 2,482 577 3,581
At 31 March 2022 696 3,310 188 4,194

Econvery Ltd (Registered number: 06437848)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,213 10,791
Other debtors 5,285 43,456
8,498 54,247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 7,772 22,746
Taxation and social security 15,516 12,299
Other creditors 151,500 151,350
174,788 186,395