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REGISTERED NUMBER: 07884780 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

1111 EC Services Limited

1111 EC Services Limited (Registered number: 07884780)






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


1111 EC Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Delaney
P Hunt





REGISTERED OFFICE: 54 Broadway
Peterborough
Cambridgeshire
PE1 1SB





REGISTERED NUMBER: 07884780 (England and Wales)





ACCOUNTANTS: JDB Chartered Certified Accountants
10a
High Street
Market Deeping
Peterborough
Lincolnshire
PE6 8EB

1111 EC Services Limited (Registered number: 07884780)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,825 17,140
Tangible assets 5 9,435 9,982
20,260 27,122

CURRENT ASSETS
Stocks 338,312 499,264
Debtors 6 103,684 106,883
Cash at bank and in hand 190,272 228,071
632,268 834,218
CREDITORS
Amounts falling due within one year 7 65,601 140,973
NET CURRENT ASSETS 566,667 693,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,927

720,367

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 586,827 720,267
586,927 720,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 20 August 2024 and were signed on its behalf by:




P Hunt - Director



G Delaney - Director


1111 EC Services Limited (Registered number: 07884780)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

1111 EC Services 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 20% straight line

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 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.

3. EMPLOYEES AND DIRECTORS

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

1111 EC Services Limited (Registered number: 07884780)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 80,804
AMORTISATION
At 1 January 2023 63,664
Charge for year 6,315
At 31 December 2023 69,979
NET BOOK VALUE
At 31 December 2023 10,825
At 31 December 2022 17,140

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 50,007
Additions 3,461
At 31 December 2023 53,468
DEPRECIATION
At 1 January 2023 40,025
Charge for year 4,008
At 31 December 2023 44,033
NET BOOK VALUE
At 31 December 2023 9,435
At 31 December 2022 9,982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,009 3,025
Amounts owed by associates 65,476 53,426
Other debtors 26,199 50,432
103,684 106,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 45,041 127,777
Amounts owed to associates 7,482 4,193
Taxation and social security 11,578 7,503
Other creditors 1,500 1,500
65,601 140,973

1111 EC Services Limited (Registered number: 07884780)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

During the year the company undertook the following transactions with associated companies all of which are under the control of the Directors of 111 EC Services Ltd.

Sales

The company invoiced £61,256 to Eco Juices (Global) Ltd for services.

Expenses

Admin, establishment and support services were paid to Intelecom Ltd of £315,166

Commissions of £33,493 were paid to Eco Juices (Global) Ltd

Management fees were paid to GPLM Holdings Ltd of £402,964 and £60,000 to Hiperactive.Net Ltd.

At the balance sheet date the following loans were owing to associated companies.

Intelecom Ltd - debtor of £20,850
Hiperactive.Net Ltd - debtor of £14,626
GPLM Holdings Ltd - debtor of £30,000
Eco Juices (Global) Ltd - creditor of £7,482

Included within trade debtors is £11,757 owing from Eco Juices (Global) Ltd.

Included in trade creditors is:
£16,639 to Intelecom Ltd
£6,449to GPLM Holdings Ltd
£7,958 to Eco Juices (Global) Ltd
£4,000 to Hiperactive. net Ltd