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COMPANY REGISTRATION NUMBER: 12900204
ECO ELECTRIC CAR ORGANISATION LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2023
ECO ELECTRIC CAR ORGANISATION LIMITED
FINANCIAL STATEMENTS
Year ended 30 September 2023
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
ECO ELECTRIC CAR ORGANISATION LIMITED
BALANCE SHEET
30 September 2023
2023
2022
Note
£
£
CURRENT ASSETS
Stocks
2,250
Debtors
5
14,243
8,078
Cash at bank and in hand
61,876
96,064
--------
---------
78,369
104,142
CREDITORS: amounts falling due within one year
6
( 152,218)
( 96,252)
---------
---------
NET CURRENT (LIABILITIES)/ASSETS
( 73,849)
7,890
--------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 73,849)
7,890
--------
-------
NET (LIABILITIES)/ASSETS
( 73,849)
7,890
--------
-------
CAPITAL AND RESERVES
Called up share capital
269,821
257,461
Share premium account
308,234
220,594
Profit and loss account
( 651,904)
( 470,165)
---------
---------
SHAREHOLDERS FUNDS
( 73,849)
7,890
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Mr S Endacott
Director
Company registration number: 12900204
ECO ELECTRIC CAR ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 30 September 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cedar House, Hazell Drive, Newport, South Wales, NP10 8FY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts show that the company had net liabilities of £73,849 at the balance sheet date. The directors have therefore had to consider the appropriateness of the going concern basis. The company has been able to finance its operations largely because of support from the directors and other creditors. Were this support not available, the company may not be able to continue trading. The directors are confident that the company will be able to meet its obligations for at least the next twelve months with the continuing support of these creditors. They therefore consider it appropriate to prepare the accounts on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added tax. Revenue from the development of business and domestic software and web portals is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to 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 includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. DEBTORS
2023
2022
£
£
Other debtors
14,243
8,078
--------
-------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
35,918
13,049
Other creditors
116,300
83,203
---------
--------
152,218
96,252
---------
--------
7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Included within creditors is a balance of £50,000 (2022 - £50,000) due to the directors. Interest has been charged annually at a rate of 4%. The balance is repayable on demand.