2023-04-012024-03-312024-03-31falseSC446898ETIVE ECOLOGY 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ETIVE ECOLOGY LIMITED

Registered Number
SC446898
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

ETIVE ECOLOGY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

R Grey

Company Secretary

H Grey

Registered Address

C/O Kelly Accounting, 42
Comrie Street
Crieff
PH7 4AX

Registered Number

SC446898 (Scotland)
ETIVE ECOLOGY LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets337,33141,517
Investments434,78527,871
72,11669,388
Current assets
Stocks544,35389,270
Debtors247,406164,262
Cash at bank and on hand316,37482,938
608,133336,470
Creditors amounts falling due within one year6(277,625)(167,048)
Net current assets (liabilities)330,508169,422
Total assets less current liabilities402,624238,810
Creditors amounts falling due after one year7(10,206)(16,038)
Provisions for liabilities8(9,081)(10,379)
Net assets383,337212,393
Capital and reserves
Called up share capital1010
Profit and loss account383,327212,383
Shareholders' funds383,337212,393
The financial statements were approved and authorised for issue by the Director on 12 August 2024, and are signed on its behalf by:
R Grey
Director
Registered Company No. SC446898
ETIVE ECOLOGY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A 'Small Entities' (FRS102 section 1A) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The company has adopted FRS 102 section 1A for the first time with previous accounts being prepared under FRS 105 'The Financial Reporting Standard applicable to the Micro-entities regime'. The prior year financial statements were restated for material adjustments on adoption of FRS 102 section 1A in the current year.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation lass depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Vehicles25-
Office Equipment-5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases (which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company) and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Payments under operating lease contracts are expensed through the profit and loss account in the period in which payments are made.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 April 23-19,66248,3004,52972,491
Additions1,0055,901--6,906
At 31 March 241,00525,56348,3004,52979,397
Depreciation and impairment
At 01 April 23-5,26123,2532,46030,974
Charge for year-11,092--11,092
At 31 March 24-16,35323,2532,46042,066
Net book value
At 31 March 241,0059,21025,0472,06937,331
At 31 March 23-14,40125,0472,06941,517
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 2327,87127,871
Additions6,9146,914
At 31 March 2434,78534,785
Net book value
At 31 March 2434,78534,785
At 31 March 2327,87127,871

Notes

1Other investments other than loans
5.Stocks

2024

2023

££
Work in progress44,35389,270
Total44,35389,270
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables112,67030,900
Bank borrowings and overdrafts1996,414
Taxation and social security158,59385,822
Finance lease and HP contracts5,8325,832
Accrued liabilities and deferred income33138,080
Total277,625167,048
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,20616,038
Total10,20616,038
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9,08110,379
Total9,08110,379
9.Prior period policy changes
Following the adoption of FRS 102 Section 1A, the Profit and loss reserve balance as at 1 April 2022 was reduced by £11,344 to reflect the deferred tax provision. In addition, the Profit and loss account for the year to 31 March 2023 was restated to reflect a deferred tax credit for the year of £965.