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REGISTERED NUMBER: 06392868 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ecoteric Limited

Ecoteric Limited (Registered number: 06392868)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ecoteric Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs S C Logan





SECRETARY: Miss S R Logan





REGISTERED OFFICE: Office 6
1 Castle Street
Worcester
Worcestershire
WR1 3AA





REGISTERED NUMBER: 06392868 (England and Wales)





ACCOUNTANTS: Pride Accountancy Services Limited
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Ecoteric Limited (Registered number: 06392868)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,126 7,110

CURRENT ASSETS
Debtors 5 51,870 77,724
Cash at bank 135,256 103,861
187,126 181,585
CREDITORS
Amounts falling due within one year 6 44,957 74,876
NET CURRENT ASSETS 142,169 106,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,295

113,819

PROVISIONS FOR LIABILITIES 7 974 1,384
NET ASSETS 146,321 112,435

CAPITAL AND RESERVES
Called up share capital 8 60 60
Retained earnings 146,261 112,375
SHAREHOLDERS' FUNDS 146,321 112,435

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

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

The director acknowledges her 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.

Ecoteric Limited (Registered number: 06392868)

Balance Sheet - continued
31 October 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 director and authorised for issue on 8 March 2024 and were signed by:





Mrs S C Logan - Director


Ecoteric Limited (Registered number: 06392868)

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

1. STATUTORY INFORMATION

Ecoteric Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance

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.

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.

Ecoteric Limited (Registered number: 06392868)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 750 34,655 11,399 46,804
DEPRECIATION
At 1 November 2022 726 30,030 8,938 39,694
Charge for year 7 1,156 821 1,984
At 31 October 2023 733 31,186 9,759 41,678
NET BOOK VALUE
At 31 October 2023 17 3,469 1,640 5,126
At 31 October 2022 24 4,625 2,461 7,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 47,374 68,872
Other debtors 4,496 8,852
51,870 77,724

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 864 864
Taxation and social security 37,578 47,339
Other creditors 6,515 26,673
44,957 74,876

7. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 974 1,384

Ecoteric Limited (Registered number: 06392868)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 1,384
Provided during year (410 )
Balance at 31 October 2023 974

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
60 Ordinary £1 60 60

9. ULTIMATE CONTROLLING PARTY

The company is under the control of its director Mrs S Logan as she owns all of the issued share capital.