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REGISTERED NUMBER: 09637308 (England and Wales)















Ecotec Solutions Europe Limited

Financial Statements

for the Year Ended 31 December 2023






Ecotec Solutions Europe Limited (Registered number: 09637308)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Ecotec Solutions Europe Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr Christopher Cummins
Mr Timothy Charles Novick





REGISTERED OFFICE: Unit 5 The Mansley Centre
Timothys Bridge Road
Stratford-Upon-Avon
Warwickshire
CV37 9NQ





REGISTERED NUMBER: 09637308 (England and Wales)





AUDITORS: Grenfell James Audit LLP
13 The Courtyard
Timothy's Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Ecotec Solutions Europe Limited (Registered number: 09637308)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,014,039 1,112,224

CURRENT ASSETS
Cash at bank 152 152

CREDITORS
Amounts falling due within one year 5 948,128 965,128
NET CURRENT LIABILITIES (947,976 ) (964,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,063

147,248

CREDITORS
Amounts falling due after more than one
year

6

10,000

91,185
NET ASSETS 56,063 56,063

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 56,062 56,062
56,063 56,063

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





Mr Christopher Cummins - Director


Ecotec Solutions Europe Limited (Registered number: 09637308)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Ecotec Solutions Europe 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments in subsidiaries and associates
Investments are measured at the initial cost less any impairments with any expected contingent consideration reduced to present value.

Ecotec Solutions Europe Limited (Registered number: 09637308)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 1,112,224
Impairments (98,185 )
At 31 December 2023 1,014,039
NET BOOK VALUE
At 31 December 2023 1,014,039
At 31 December 2022 1,112,224

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 928,127 916,312
Other creditors 20,001 48,816
948,128 965,128

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 10,000 91,185

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Edward Grenfell James (Senior Statutory Auditor)
for and on behalf of Grenfell James Audit LLP

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ecotec International Holdings, LLC.

Incorporated in United States of America.