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Registration number: 10164819

Eco Wash & Wax (Truro) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Eco Wash & Wax (Truro) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

Eco Wash & Wax (Truro) Limited

Company Information

Directors

Mr R Walker

Mrs D Walker

Miss H Walker

Miss L Walker

Mr T Walker

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Eco Wash & Wax (Truro) Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eco Wash & Wax (Truro) Limited for the year ended 31 May 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Eco Wash & Wax (Truro) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Eco Wash & Wax (Truro) Limited and state those matters that we have agreed to state to the Board of Directors of Eco Wash & Wax (Truro) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eco Wash & Wax (Truro) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Eco Wash & Wax (Truro) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Eco Wash & Wax (Truro) Limited. You consider that Eco Wash & Wax (Truro) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Eco Wash & Wax (Truro) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

25 January 2024

 

Eco Wash & Wax (Truro) Limited

(Registration number: 10164819)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

70,000

37,258

Cash at bank and in hand

 

7,306

4,777

 

77,306

42,035

Creditors: Amounts falling due within one year

5

(29,703)

(10,759)

Total assets less current liabilities

 

47,603

31,276

Creditors: Amounts falling due after more than one year

5

(6,013)

(9,236)

Net assets

 

41,590

22,040

Capital and reserves

 

Called up share capital

1

1

Retained earnings

41,589

22,039

Shareholders' funds

 

41,590

22,040

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to small companies subject to the small company regime and the option not to file the Statement of Income and Retained Earnings and the Directors report has been taken.

Approved and authorised by the Board on 25 January 2024 and signed on its behalf by:
 

.........................................
Mr R Walker
Director

   
     
 

Eco Wash & Wax (Truro) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
Hendra Croft
Scotland Road
Rejerrah
Newquay
Cornwall
TR8 5QR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

 

Eco Wash & Wax (Truro) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Debtors

2023
£

2022
£

Other debtors

70,000

37,258

70,000

37,258

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

3,585

3,564

Trade creditors

 

5,701

2,474

Taxation and social security

 

11,048

1,936

Accruals and deferred income

 

3,435

2,785

Other creditors

 

5,934

-

 

29,703

10,759

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

6,013

9,236

2023
£

2022
£

Current loans and borrowings

Bank borrowings

3,585

3,564

7

Related party transactions

During the year, the company made cash advances to the director of £32,000 (2022 £33,000). This amount was repaid during the year. Interest is charged at the relevant HMRC rate on any overdrawn amount and interest of £808 (2022 £628) was charged during the year.