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Registration number: 13687442

Ekogea Contracts Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Ekogea Contracts Limited
(Registration number: 13687442)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Ekogea Contracts Limited
(Registration number: 13687442)

Company Information

Directors

Mr I Sawle

Mr I Cain

Mr P Hughes

Mr D Cosford

Registered office

Hendwr Office
Llandrillo
Corwen
Denbighshire
LL21 0SN

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Ekogea Contracts Limited
(Registration number: 13687442)

Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,722

-

Current assets

 

Stocks

5

98,152

33,200

Debtors

6

84,401

362,219

Cash at bank and in hand

 

126,267

251,968

 

308,820

647,387

Creditors: Amounts falling due within one year

7

(221,888)

(468,253)

Net current assets

 

86,932

179,134

Net assets

 

94,654

179,134

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

94,554

179,034

Total equity

 

94,654

179,134

For the financial year ending 31 October 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.

 

Ekogea Contracts Limited
(Registration number: 13687442)

Balance Sheet as at 31 October 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.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mr I Sawle
Director

.........................................
Mr P Hughes
Director

 

Ekogea Contracts Limited
(Registration number: 13687442)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Hendwr Office
Llandrillo
Corwen
Denbighshire
LL21 0SN
Wales

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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Ekogea Contracts Limited
(Registration number: 13687442)

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

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

Plant and machinery

20% straight line basis

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.

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.

 

Ekogea Contracts Limited
(Registration number: 13687442)

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

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 4).

 

Ekogea Contracts Limited
(Registration number: 13687442)

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

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

9,653

9,653

At 31 October 2023

9,653

9,653

Depreciation

Charge for the year

1,931

1,931

At 31 October 2023

1,931

1,931

Carrying amount

At 31 October 2023

7,722

7,722

5

Stocks

2023
£

2022
£

Work in progress

66,442

33,200

Other stocks

31,710

-

98,152

33,200

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

-

215,460

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

90,362

Other debtors

 

57,959

35,772

Prepayments and accrued income

 

26,442

20,625

Total current trade and other debtors

 

84,401

362,219

 

Ekogea Contracts Limited
(Registration number: 13687442)

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

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

86,799

163,676

Amounts owed to group undertakings and undertakings in which the company has a participating interest

127,976

-

Taxation and social security

 

4,890

132,542

Other creditors

 

423

-

Accrued expenses

 

1,800

25,023

Deferred income

 

-

147,012

 

221,888

468,253

8

Parent and ultimate parent undertaking

The company's immediate parent is Ekogea Holdings Limited, incorporated in the United Kingdom.