Company Registration No. 10453243 (England and Wales)
Essential Care Organics Holdings Limited
Unaudited accounts
for the year ended 31 October 2023
Essential Care Organics Holdings Limited
Unaudited accounts
Contents
Essential Care Organics Holdings Limited
Company Information
for the year ended 31 October 2023
Director
Abigail Hannah Weeds
Company Number
10453243 (England and Wales)
Registered Office
43 St. Georges Road
Kingston Upon Thames
KT2 6DL
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Essential Care Organics Holdings Limited
Accountants' report
Accountants' report to the director of Essential Care Organics Holdings Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Essential Care Organics Holdings Limited for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Essential Care Organics Holdings Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Essential Care Organics Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Essential Care Organics Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Essential Care Organics Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Essential Care Organics Holdings Limited . You consider that Essential Care Organics Holdings 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 accounts of Essential Care Organics Holdings 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 accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
12 August 2024
Essential Care Organics Holdings Limited
Statement of financial position
as at 31 October 2023
Investments
377,137
377,137
Cash at bank and in hand
(1)
49,998
Creditors: amounts falling due within one year
-
(66,668)
Net current liabilities
(1)
(16,670)
Total assets less current liabilities
377,136
360,467
Creditors: amounts falling due after more than one year
(40,095)
(125,138)
Net assets
337,041
235,329
Called up share capital
2
2
Profit and loss account
337,039
235,327
Shareholders' funds
337,041
235,329
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 August 2024 and were signed on its behalf by
Abigail Hannah Weeds
Director
Company Registration No. 10453243
Essential Care Organics Holdings Limited
Notes to the Accounts
for the year ended 31 October 2023
Essential Care Organics Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 10453243. The registered office is 43 St. Georges Road, Kingston Upon Thames, KT2 6DL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
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.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables
Essential Care Organics Holdings Limited
Notes to the Accounts
for the year ended 31 October 2023
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Investments
Subsidiary undertakings
Valuation at 1 November 2022
377,137
Valuation at 31 October 2023
377,137
5
Creditors: amounts falling due within one year
2023
2022
6
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
32,961
32,961
Loans from directors
7,134
92,177
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).