Registered number
12059807
Ecofootprint Ltd
Accounts
30 June 2023
Ecofootprint Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6
Ecofootprint Ltd
Company Information
Directors
Mr Richard Lee Hughes
Accountants
Abacus Business Advisors Ltd
166 King Cross Road
Halifax
West Yorkshire
HX1 3LN
Registered office
Shape House
New Street
Doncaster
South Yorkshire
DN1 3QU
Registered number
12059807
Ecofootprint Ltd
Registered number: 12059807
Directors' Report
The directors present their report and accounts for the year ended 30 June 2023.
Principal activities
The company's principal activity during the year continued to be that of supply and installation of heat pumps and solar p.v systems.
Directors
The following persons served as directors during the year:
Mr Richard Lee Hughes
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 19 April 2024 and signed on its behalf.
Mr Richard Lee Hughes
Director
Ecofootprint Ltd
Profit and Loss Account
for the year ended 30 June 2023
2023 2022
£ £
Turnover 3,378,455 2,065,757
Cost of sales (2,978,407) (1,796,412)
Gross profit 400,048 269,345
Administrative expenses (357,940) (199,083)
Other operating income 51,508 -
Operating profit 93,616 70,262
Interest payable (964) -
Profit before taxation 92,652 70,262
Tax on profit (19,259) (12,458)
Profit for the financial year 73,393 57,804
Ecofootprint Ltd
Registered number: 12059807
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,160 27,257
Investments 4 4,580 4,580
27,740 31,837
Current assets
Stocks 52,301 31,554
Debtors 5 390,575 -
Cash at bank and in hand (8,794) 15,949
434,082 47,503
Creditors: amounts falling due within one year 6 (331,461) 20,677
Net current assets 102,621 68,180
Total assets less current liabilities 130,361 100,017
Creditors: amounts falling due after more than one year 7 (39,352) (42,901)
Net assets 91,009 57,116
Capital and reserves
Called up share capital 1 1
Profit and loss account 91,008 57,115
Shareholders' funds 91,009 57,116
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Richard Lee Hughes
Director
Approved by the board on 19 April 2024
Ecofootprint Ltd
Statement of Changes in Equity
for the year ended 30 June 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 July 2021 1 - - 21,311 21,312
Profit for the financial year 57,804 57,804
Dividends (22,000) (22,000)
At 30 June 2022 1 - - 57,115 57,116
At 1 July 2022 1 - - 57,115 57,116
Profit for the financial year 73,393 73,393
Dividends (39,500) (39,500)
At 30 June 2023 1 - - 91,008 91,009
Ecofootprint Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 11,048 32,394 43,442
Additions 1,693 - 1,693
At 30 June 2023 12,741 32,394 45,135
Depreciation
At 1 July 2022 3,710 12,475 16,185
Charge for the year 1,806 3,984 5,790
At 30 June 2023 5,516 16,459 21,975
Net book value
At 30 June 2023 7,225 15,935 23,160
At 30 June 2022 7,338 19,919 27,257
4 Investments
Other
investments
£
Cost
At 1 July 2022 4,580
At 30 June 2023 4,580
5 Debtors 2023 2022
£ £
Trade debtors 390,575 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 335,848 21,046
Taxation and social security costs (25,378) (44,109)
Other creditors 20,991 2,386
331,461 (20,677)
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 39,352 42,901
8 Other information
Ecofootprint Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Shape House
New Street
Doncaster
South Yorkshire
DN1 3QU
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