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REGISTERED NUMBER: 03948922 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INVESTING ETHICALLY LIMITED

INVESTING ETHICALLY LIMITED (REGISTERED NUMBER: 03948922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVESTING ETHICALLY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms L M Hardman
A N Hockaday
P S Cockrell
Ms T A Miles





SECRETARY: Ms T A Miles





REGISTERED OFFICE: 33 Whiffler Road
Norwich
Norfolk
NR3 2AW





REGISTERED NUMBER: 03948922 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

INVESTING ETHICALLY LIMITED (REGISTERED NUMBER: 03948922)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,468 86,865
Investments 5 77,672 34,202
150,140 121,067

CURRENT ASSETS
Debtors 6 70,124 61,358
Cash at bank and in hand 267,986 362,271
338,110 423,629
CREDITORS
Amounts falling due within one year 7 155,243 133,789
NET CURRENT ASSETS 182,867 289,840
TOTAL ASSETS LESS CURRENT LIABILITIES 333,007 410,907

CREDITORS
Amounts falling due after more than one
year

8

(42,198

)

(49,460

)

PROVISIONS FOR LIABILITIES (20,803 ) (18,384 )
NET ASSETS 270,006 343,063

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 269,806 342,863
SHAREHOLDERS' FUNDS 270,006 343,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

INVESTING ETHICALLY LIMITED (REGISTERED NUMBER: 03948922)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





P S Cockrell - Director


INVESTING ETHICALLY LIMITED (REGISTERED NUMBER: 03948922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Investing Ethically Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents fees receivable in respect of the accounting year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on reducing balance and 25% on reducing balance

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.

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 year was 14 (2023 - 14 ) .

INVESTING ETHICALLY LIMITED (REGISTERED NUMBER: 03948922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 100,925 65,973 166,898
Additions 9,760 - 9,760
At 31 March 2024 110,685 65,973 176,658
DEPRECIATION
At 1 April 2023 74,535 5,498 80,033
Charge for year 9,038 15,119 24,157
At 31 March 2024 83,573 20,617 104,190
NET BOOK VALUE
At 31 March 2024 27,112 45,356 72,468
At 31 March 2023 26,390 60,475 86,865

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 34,202
Additions 36,000
Revaluations 7,470
At 31 March 2024 77,672
NET BOOK VALUE
At 31 March 2024 77,672
At 31 March 2023 34,202

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 31,293
Cost 46,379
77,672

INVESTING ETHICALLY LIMITED (REGISTERED NUMBER: 03948922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,359 32,734
Other debtors 37,765 28,624
70,124 61,358

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 7,262 5,438
Trade creditors 4,591 9,502
Taxation and social security 121,812 109,112
Other creditors 21,578 9,737
155,243 133,789

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 42,198 49,460

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 7,262 5,438
Between one and five years 42,198 49,460
49,460 54,898

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 12,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2024, the company is owed £35,196 by Mr P Cockrell (31st March 2023: company is owed £15,185) ,£3,753 to Ms L Hardman (31st March 2023: company is owed £11,913) and £696 by Ms T Miles (31st March 2023 company owed £55). This loan is unsecured and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.