Ecomerchant Natural Building Materials Limited 08638873 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Sale of specialist building materials Digita Accounts Production Advanced 6.30.9574.0 true false false true true true true true true true 08638873 2022-09-01 2023-08-31 08638873 2023-08-31 08638873 bus:OrdinaryShareClass1 2023-08-31 08638873 core:CurrentFinancialInstruments 2023-08-31 08638873 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08638873 core:Non-currentFinancialInstruments 2023-08-31 08638873 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 08638873 core:FurnitureFittingsToolsEquipment 2023-08-31 08638873 bus:SmallEntities 2022-09-01 2023-08-31 08638873 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08638873 bus:AbridgedAccounts 2022-09-01 2023-08-31 08638873 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08638873 bus:RegisteredOffice 2022-09-01 2023-08-31 08638873 bus:Director3 2022-09-01 2023-08-31 08638873 bus:Director4 2022-09-01 2023-08-31 08638873 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 08638873 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08638873 core:ComputerEquipment 2022-09-01 2023-08-31 08638873 core:FurnitureFittings 2022-09-01 2023-08-31 08638873 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 08638873 core:OfficeEquipment 2022-09-01 2023-08-31 08638873 core:Subsidiary1 2022-09-01 2023-08-31 08638873 core:Subsidiary1 1 2022-09-01 2023-08-31 08638873 core:Subsidiary1 countries:England 2022-09-01 2023-08-31 08638873 core:Subsidiary2 2022-09-01 2023-08-31 08638873 core:Subsidiary2 1 2022-09-01 2023-08-31 08638873 core:Subsidiary2 countries:England 2022-09-01 2023-08-31 08638873 core:Subsidiary3 2022-09-01 2023-08-31 08638873 core:Subsidiary3 1 2022-09-01 2023-08-31 08638873 core:Subsidiary3 countries:England 2022-09-01 2023-08-31 08638873 core:Subsidiary4 2022-09-01 2023-08-31 08638873 core:Subsidiary4 1 2022-09-01 2023-08-31 08638873 core:Subsidiary4 countries:England 2022-09-01 2023-08-31 08638873 core:Subsidiary5 2022-09-01 2023-08-31 08638873 core:Subsidiary5 1 2022-09-01 2023-08-31 08638873 core:Subsidiary5 countries:England 2022-09-01 2023-08-31 08638873 core:Subsidiary6 2022-09-01 2023-08-31 08638873 core:Subsidiary6 1 2022-09-01 2023-08-31 08638873 core:Subsidiary6 countries:England 2022-09-01 2023-08-31 08638873 core:Subsidiary7 2022-09-01 2023-08-31 08638873 core:Subsidiary7 1 2022-09-01 2023-08-31 08638873 core:Subsidiary7 countries:England 2022-09-01 2023-08-31 08638873 1 2022-09-01 2023-08-31 08638873 countries:EnglandWales 2022-09-01 2023-08-31 08638873 2022-08-31 08638873 core:CostValuation core:Non-currentFinancialInstruments 2022-08-31 08638873 core:FurnitureFittingsToolsEquipment 2022-08-31 08638873 2021-09-01 2022-08-31 08638873 2022-08-31 08638873 bus:OrdinaryShareClass1 2022-08-31 08638873 core:CurrentFinancialInstruments 2022-08-31 08638873 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 08638873 core:Non-currentFinancialInstruments 2022-08-31 08638873 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 08638873 core:FurnitureFittingsToolsEquipment 2022-08-31 08638873 core:Subsidiary1 1 2021-09-01 2022-08-31 08638873 core:Subsidiary2 1 2021-09-01 2022-08-31 08638873 core:Subsidiary3 1 2021-09-01 2022-08-31 08638873 core:Subsidiary4 1 2021-09-01 2022-08-31 08638873 core:Subsidiary5 1 2021-09-01 2022-08-31 08638873 core:Subsidiary6 1 2021-09-01 2022-08-31 08638873 core:Subsidiary7 1 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08638873

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2023

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 10

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Company Information

Directors

Mr William Kirkman

Mr Mark Stenning

Registered office

1st Floor Offices
2 Whitebridge Lane
Stone
Staffordshire
ST15 8LQ

Accountants

MI Accountancy Solutions Limited
1st Floor Offices
2 Whitebridge Lane
Stone
Staffordshire
ST15 8LQ

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

(Registration number: 08638873)
Abridged Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,932

9,401

Investments

5

6

6

 

9,938

9,407

Current assets

 

Stocks

6

268,154

256,113

Debtors

7

811,948

805,915

Cash at bank and in hand

 

193,612

123,559

 

1,273,714

1,185,587

Prepayments and accrued income

 

9,153

6,004

Creditors: Amounts falling due within one year

(625,391)

(648,241)

Net current assets

 

657,476

543,350

Total assets less current liabilities

 

667,414

552,757

Creditors: Amounts falling due after more than one year

(56,905)

(88,782)

Provisions for liabilities

(985)

(985)

Accruals and deferred income

 

(8,660)

(4,153)

Net assets

 

600,864

458,837

Capital and reserves

 

Called up share capital

8

100,100

100,100

Retained earnings

500,764

358,737

Shareholders' funds

 

600,864

458,837

For the financial year ending 31 August 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.

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

(Registration number: 08638873)
Abridged Balance Sheet as at 31 August 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 2 February 2024 and signed on its behalf by:
 

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

Mr William Kirkman

Director

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

1

General information

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

The address of its registered office is:
1st Floor Offices
2 Whitebridge Lane
Stone
Staffordshire
ST15 8LQ

The principal place of business is:
National Self Build and Renovation Centre
Lydiard Fields
Great Western Way
Swindon
Swindon
SN5 8UB
England

These financial statements were authorised for issue by the Board on 2 February 2024.

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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Website development costs

3 years straight line

Fixtures & fittings

2 years straight line

Office equipment

2 years straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

36,663

36,663

Additions

8,034

8,034

At 31 August 2023

44,697

44,697

Depreciation

At 1 September 2022

27,262

27,262

Charge for the year

7,503

7,503

At 31 August 2023

34,765

34,765

Carrying amount

At 31 August 2023

9,932

9,932

At 31 August 2022

9,401

9,401

5

Investments

Total
£

Cost or valuation

At 1 September 2022

6

Provision

Carrying amount

At 31 August 2023

6

At 31 August 2022

6

2023
£

2022
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Ecomerchant Limited

1st Floor Offices, 2 Whitebridge Lane, Stone, ST15 8LQ

England

Ordinary

100%

100%

Eco Systems Distribution Limited

1st Floor Offices, 2 Whitebridge Lane, Stone, ST15 8LQ

England

Ordinary

75%

75%

Adawall Ltd

1st Floor Offices, 2 Whitebridge Lane, Stone, ST15 8LQ

England

Ordinary

100%

100%

Fragile Earth Limited

1st Floor Offices, 2 Whitebridge Lane, Stone, ST15 8LQ

England

Ordinary

100%

100%

Building Maintenance Products Limited

1st Floor Offices, 2 Whitebridge Lane, Stone, ST15 8LQ

England

Ordinary

100%

100%

CSM Site Supplies

St George's House, 215-219 Chester Road, Manchester, M15 4JE

England

Ordinary

100%

100%

Struktura Limited

1st Floor Offices, 2 Whitebridge Lane, Stone, ST15 8LQ

England

Ordinary

100%

100%

Subsidiary undertakings

Ecomerchant Limited

The principal activity of Ecomerchant Limited is Dormant.

Eco Systems Distribution Limited

The principal activity of Eco Systems Distribution Limited is In liquidation.

Adawall Ltd

The principal activity of Adawall Ltd is Dormant.

 

Ecomerchant Natural Building Materials Limited

trading as Ecomerchant

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

Fragile Earth Limited

The principal activity of Fragile Earth Limited is Dormant.

Building Maintenance Products Limited

The principal activity of Building Maintenance Products Limited is Dormant.

CSM Site Supplies

The principal activity of CSM Site Supplies is In liquidation.

Struktura Limited

The principal activity of Struktura Limited is Management Services.

6

Stocks

2023
£

2022
£

Other inventories

268,154

256,113

7

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100,100

100,100

100,100

100,100

         

9

Parent and ultimate parent undertaking

The company's immediate parent is E2 Holdings Limited, incorporated in England and Wales.