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REGISTERED NUMBER: 08823575 (England and Wales)























Unaudited Financial Statements

for the Period

1 January 2022 to 30 December 2022

for

Ecotex Engineering Systems Ltd

Ecotex Engineering Systems Ltd (Registered number: 08823575)

Contents of the Financial Statements
for the Period 1 January 2022 to 30 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ecotex Engineering Systems Ltd

Company Information
for the Period 1 January 2022 to 30 December 2022







DIRECTORS: Mr K Murphy
Mrs A L Wade-Murphy





REGISTERED OFFICE: 36 Fawn Meadows
Greystoke
Penrith
Cumbria
CA11 0FQ





REGISTERED NUMBER: 08823575 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
BTC House
Chapel Hill
Longridge
Preston
Lancashire
PR3 3JY

Ecotex Engineering Systems Ltd (Registered number: 08823575)

Balance Sheet
30 December 2022

30.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 332,998 239,226

CURRENT ASSETS
Stocks 3,000 63,000
Debtors 5 231,842 255,425
Cash at bank 371,581 385,760
606,423 704,185
CREDITORS
Amounts falling due within one year 6 166,960 229,191
NET CURRENT ASSETS 439,463 474,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

772,461

714,220

CREDITORS
Amounts falling due after more than one
year

7

(13,084

)

-

PROVISIONS FOR LIABILITIES (40,348 ) (2,453 )
NET ASSETS 719,029 711,767

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 719,027 711,765
SHAREHOLDERS' FUNDS 719,029 711,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ecotex Engineering Systems Ltd (Registered number: 08823575)

Balance Sheet - continued
30 December 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr K Murphy - Director


Ecotex Engineering Systems Ltd (Registered number: 08823575)

Notes to the Financial Statements
for the Period 1 January 2022 to 30 December 2022


1. STATUTORY INFORMATION

Ecotex Engineering Systems 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.

Going Concern

The accounts have been prepared on a going concern basis as although there are indicators of financial impact in relation to COVID-19 the directors have taken what are considered all necessary measures to protect the business from this to limit any adverse impact.

The Directors anticipate the company continuing to trade for the foreseeable future and are monitoring the situation.

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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Ecotex Engineering Systems Ltd (Registered number: 08823575)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022


2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2022 185,817 40,500 45,008
Additions - - -
At 30 December 2022 185,817 40,500 45,008
DEPRECIATION
At 1 January 2022 - - 42,728
Charge for period - - 1,136
At 30 December 2022 - - 43,864
NET BOOK VALUE
At 30 December 2022 185,817 40,500 1,144
At 31 December 2021 185,817 40,500 2,280

Ecotex Engineering Systems Ltd (Registered number: 08823575)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 50,686 3,852 325,863
Additions 128,326 - 128,326
At 30 December 2022 179,012 3,852 454,189
DEPRECIATION
At 1 January 2022 41,487 2,422 86,637
Charge for period 32,712 706 34,554
At 30 December 2022 74,199 3,128 121,191
NET BOOK VALUE
At 30 December 2022 104,813 724 332,998
At 31 December 2021 9,199 1,430 239,226

Included within motor vehicles is an asset held under HP with a closing net book value of £76,359 (2021 £6,450). The depreciation charged for the year was £25,452 (2021 £6,450).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 31.12.21
£    £   
Other debtors 231,842 255,425

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 31.12.21
£    £   
Hire purchase contracts (see note 8) 7,142 -
Trade creditors 102,911 132,663
Taxation and social security 54,971 94,592
Other creditors 1,936 1,936
166,960 229,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.22 31.12.21
£    £   
Hire purchase contracts (see note 8) 13,084 -

Ecotex Engineering Systems Ltd (Registered number: 08823575)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.12.22 31.12.21
£    £   
Net obligations repayable:
Within one year 7,142 -
Between one and five years 13,084 -
20,226 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 December 2022 and the year ended 31 December 2021:

30.12.22 31.12.21
£    £   
Mr K Murphy
Balance outstanding at start of period 21,709 152,017
Amounts advanced 84,750 167,827
Amounts repaid (100,000 ) (298,135 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 6,459 21,709

During the year a loan was held with a director of the company, which at the year end had a balance owing to the company of £6,460. The loan was unsecured and repayable upon demand.

10. RELATED PARTY DISCLOSURES

Other debtors includes a loan to Precision Squeegees Ltd, a company in which Mr K Murphy is a director and owns 100% of the share capital. This is a short term loan, interest free and repayable on demand. The balance at the year end was £105,500.