IRIS Accounts Production v24.2.0.383 08489365 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084893652023-04-30084893652024-04-30084893652023-05-012024-04-30084893652022-04-30084893652022-05-012023-04-30084893652023-04-3008489365ns15:EnglandWales2023-05-012024-04-3008489365ns14:PoundSterling2023-05-012024-04-3008489365ns10:Director12023-05-012024-04-3008489365ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008489365ns10:SmallEntities2023-05-012024-04-3008489365ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3008489365ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008489365ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008489365ns10:FullAccounts2023-05-012024-04-3008489365ns10:OrdinaryShareClass12023-05-012024-04-3008489365ns10:Director22023-05-012024-04-3008489365ns10:Director32023-05-012024-04-3008489365ns10:RegisteredOffice2023-05-012024-04-3008489365ns5:CurrentFinancialInstruments2024-04-3008489365ns5:CurrentFinancialInstruments2023-04-3008489365ns5:Non-currentFinancialInstruments2024-04-3008489365ns5:Non-currentFinancialInstruments2023-04-3008489365ns5:ShareCapital2024-04-3008489365ns5:ShareCapital2023-04-3008489365ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3008489365ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3008489365ns5:RetainedEarningsAccumulatedLosses2024-04-3008489365ns5:RetainedEarningsAccumulatedLosses2023-04-3008489365ns5:PlantMachinery2023-05-012024-04-3008489365ns5:LandBuildings2023-04-3008489365ns5:PlantMachinery2023-04-3008489365ns5:LandBuildings2023-05-012024-04-3008489365ns5:LandBuildings2024-04-3008489365ns5:PlantMachinery2024-04-3008489365ns5:LandBuildings2023-04-3008489365ns5:PlantMachinery2023-04-3008489365ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008489365ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008489365ns10:OrdinaryShareClass12024-04-3008489365ns5:RetainedEarningsAccumulatedLosses2023-04-3008489365ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3008489365ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 08489365 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

ECOGRID LIMITED

ECOGRID LIMITED (REGISTERED NUMBER: 08489365)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

ECOGRID LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J A Tunnington
J Fawcett
L Hodkinson





REGISTERED OFFICE: Unit 28-29 Wheatland Business Park
Wirral
Merseyside
CH44 7ER





REGISTERED NUMBER: 08489365 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

ECOGRID LIMITED (REGISTERED NUMBER: 08489365)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 873,258 666,488

CURRENT ASSETS
Stocks 518,324 495,694
Debtors 5 557,484 291,550
Cash at bank and in hand 451,492 447,934
1,527,300 1,235,178
CREDITORS
Amounts falling due within one year 6 864,522 509,196
NET CURRENT ASSETS 662,778 725,982
TOTAL ASSETS LESS CURRENT LIABILITIES 1,536,036 1,392,470

CREDITORS
Amounts falling due after more than one year 7 435,358 462,809
NET ASSETS 1,100,678 929,661

CAPITAL AND RESERVES
Called up share capital 9 300 300
Bonus Share Issue 10 (200 ) (200 )
Retained earnings 10 1,100,578 929,561
SHAREHOLDERS' FUNDS 1,100,678 929,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

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 8 July 2024 and were signed on its behalf by:





J A Tunnington - Director


ECOGRID LIMITED (REGISTERED NUMBER: 08489365)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

ECOGRID 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.

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 - 33% on cost, 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
The directors consider it unnecessary to provide for deferred taxation as there is no intention to sell any assets in the foreseeable future.

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 13 (2023 - 10 ) .

ECOGRID LIMITED (REGISTERED NUMBER: 08489365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 607,114 116,501 723,615
Additions 97,864 124,780 222,644
At 30 April 2024 704,978 241,281 946,259
DEPRECIATION
At 1 May 2023 - 57,127 57,127
Charge for year - 15,874 15,874
At 30 April 2024 - 73,001 73,001
NET BOOK VALUE
At 30 April 2024 704,978 168,280 873,258
At 30 April 2023 607,114 59,374 666,488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 484,264 267,485
Other debtors 73,220 24,065
557,484 291,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 25,382 19,912
Trade creditors 538,240 326,322
Taxation and social security 256,212 161,173
Other creditors 44,688 1,789
864,522 509,196

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 435,358 462,809

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 362,082 398,820

ECOGRID LIMITED (REGISTERED NUMBER: 08489365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 439,142 451,152

The bank loan is secured over the property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
300 Ordinary £1 300 300

10. RESERVES
Bonus
Retained Share
earnings Issue Totals
£    £    £   

At 1 May 2023 929,561 (200 ) 929,361
Profit for the year 356,454 356,454
Dividends (185,437 ) (185,437 )
At 30 April 2024 1,100,578 (200 ) 1,100,378

11. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
ECOGRID LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ECOGRID LIMITED for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ECOGRID LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ECOGRID LIMITED and state those matters that we have agreed to state to the Board of Directors of ECOGRID LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ECOGRID LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ECOGRID LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ECOGRID LIMITED. You consider that ECOGRID LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ECOGRID LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


8 July 2024