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REGISTERED NUMBER: SC449316 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Eco Refrigeration Ltd

Eco Refrigeration Ltd (Registered number: SC449316)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eco Refrigeration Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mrs J Martin





REGISTERED OFFICE: Unit 10
Cotton Street
Glasgow
G40 4HU





REGISTERED NUMBER: SC449316 (Scotland)





ACCOUNTANTS: Greg Hannah Ltd
Chartered Accountants
26 Victoria Street
Rutherglen
Glasgow
G73 1DS

Eco Refrigeration Ltd (Registered number: SC449316)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,217 3,354

CURRENT ASSETS
Stocks 15,912 29,200
Debtors 6 269,692 348,996
Cash at bank 10,936 19,837
296,540 398,033
CREDITORS
Amounts falling due within one year 7 275,209 279,575
NET CURRENT ASSETS 21,331 118,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,548

121,812

CREDITORS
Amounts falling due after more than one
year

8

20,836

33,333
NET ASSETS 4,712 88,479

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,612 88,379
4,712 88,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Eco Refrigeration Ltd (Registered number: SC449316)

Balance Sheet - continued
30 June 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 31 July 2024 and were signed by:





Mrs J Martin - Director


Eco Refrigeration Ltd (Registered number: SC449316)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Eco Refrigeration Ltd is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on reducing balance

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 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.

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.

Eco Refrigeration Ltd (Registered number: SC449316)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. ACCOUNTING POLICIES - continued

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.

Going concern
The director has acknowledged that it was a difficult trading year, however, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the availability of external finance available, if required. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 13,076
Additions 2,096
At 30 June 2023 15,172
DEPRECIATION
At 1 July 2022 9,722
Charge for year 1,233
At 30 June 2023 10,955
NET BOOK VALUE
At 30 June 2023 4,217
At 30 June 2022 3,354

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 188,028 291,745
Other debtors 81,664 57,251
269,692 348,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,994 7,500
Trade creditors 41,605 88,886
Taxation and social security 219,909 179,939
Other creditors 3,701 3,250
275,209 279,575

Eco Refrigeration Ltd (Registered number: SC449316)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,836 33,333

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 30,830 40,833

The bounce back loan is supported by a 100% guarantee from the UK Government.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mrs J Martin
Balance outstanding at start of year 42,447 45,550
Amounts advanced 36,450 36,897
Amounts repaid (34,000 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,897 42,447