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REGISTERED NUMBER: 07142072 (England and Wales)

























Financial Statements

for the Year Ended 29 February 2024

for

Ecogen Recycling Ltd

Ecogen Recycling Ltd (Registered number: 07142072)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ecogen Recycling Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J M P Lewis
W J M Nicholls
Mrs M R C Nicholls





REGISTERED OFFICE: Kings Worthy Business Park
Stoke Charity Road
Kings Worthy
Hampshire
SO21 2RP





REGISTERED NUMBER: 07142072 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Ecogen Recycling Ltd (Registered number: 07142072)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,263,050 1,202,611

CURRENT ASSETS
Stocks 38,010 22,612
Debtors 5 1,970,896 2,004,557
Cash at bank 314,962 323,439
2,323,868 2,350,608
CREDITORS
Amounts falling due within one year 6 1,198,478 1,284,346
NET CURRENT ASSETS 1,125,390 1,066,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,388,440

2,268,873

CREDITORS
Amounts falling due after more than one
year

7

(295,632

)

(211,208

)

PROVISIONS FOR LIABILITIES (315,763 ) (300,653 )
NET ASSETS 1,777,045 1,757,012

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,776,045 1,756,012
SHAREHOLDERS' FUNDS 1,777,045 1,757,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Ecogen Recycling Ltd (Registered number: 07142072)

Balance Sheet - continued
29 February 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 13 August 2024 and were signed on its behalf by:




W J M Nicholls - Director



J M P Lewis - Director


Ecogen Recycling Ltd (Registered number: 07142072)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Ecogen Recycling Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2023 - 22 ) .

Ecogen Recycling Ltd (Registered number: 07142072)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 2,386,834
Additions 544,804
Disposals (215,762 )
At 29 February 2024 2,715,876
DEPRECIATION
At 1 March 2023 1,184,223
Charge for year 323,685
Eliminated on disposal (55,082 )
At 29 February 2024 1,452,826
NET BOOK VALUE
At 29 February 2024 1,263,050
At 28 February 2023 1,202,611

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 564,289
Additions 363,968
Disposals (23,817 )
Transfer to ownership (82,196 )
At 29 February 2024 822,244
DEPRECIATION
At 1 March 2023 292,745
Charge for year 123,869
Eliminated on disposal (16,281 )
Transfer to ownership (47,520 )
At 29 February 2024 352,813
NET BOOK VALUE
At 29 February 2024 469,431
At 28 February 2023 271,544

Ecogen Recycling Ltd (Registered number: 07142072)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 464,561 630,817
Other debtors 1,506,335 1,373,740
1,970,896 2,004,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 31,789 23,790
Trade creditors 599,903 902,441
Other creditors 566,786 358,115
1,198,478 1,284,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 45,035 77,491
Other creditors 250,597 133,717
295,632 211,208

8. ULTIMATE CONTROLLING PARTY

The controlling party is Ecogen Group (Holdings) Ltd.

The registered office address of Ecogen Group (Holdings) Ltd is Kings Worthy Business Park, Stoke Charity Road, Kings Worthy, Hampshire, England, SO21 2RP