Company No:
Contents
DIRECTORS | Mr L Z Jackson |
Mrs D M Liparts |
REGISTERED OFFICE | 85 Great Portland Street |
First Floor | |
London | |
W1W 7LT | |
United Kingdom |
COMPANY NUMBER | 03640162 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Centenary House | |
Peninsula Park | |
Rydon Lane | |
Exeter | |
Devon EX2 7XE |
Note | 31.12.2023 | 31.03.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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6,749 | 30,576 | |||
Current assets | ||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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1,343,854 | 830,546 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 245,137 | 185,407 | ||
Total assets less current liabilities | 251,886 | 215,983 | ||
Provision for liabilities | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Ecocoast Ltd (registered number:
Mr L Z Jackson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
EcoCoast Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, United Kingdom. The principal place of business is 506-507, CEO Building, Dubai Investment Park 1, Dubai, UAE.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The financial year end of the Company was changed from 31 March to 31 December so the current financial statements are prepared for 9 months from 1 April 2023 to 31 December 2023 and as a result, the comparative figures stated in the statement of income and retained earnings and the related notes are not comparable.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Goodwill |
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Website costs |
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Land and buildings |
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Plant and machinery |
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Office equipment |
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The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are reviewed for impairment. If stocks are impaired, the carrying amount is reduced to complete and sell; the impairment loss is recognised immediately in profit or loss.
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
Financial instruments:
Classification:
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Period from 01.04.2023 to 31.12.2023 |
Year ended 31.03.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Goodwill | Website costs | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 April 2023 |
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At 31 December 2023 |
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Accumulated amortisation | |||||
At 01 April 2023 |
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At 31 December 2023 |
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Net book value | |||||
At 31 December 2023 |
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At 31 March 2023 |
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Land and buildings | Plant and machinery | Office equipment | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 April 2023 |
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Disposals | (
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At 31 December 2023 |
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Accumulated depreciation | |||||||
At 01 April 2023 |
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Charge for the financial period |
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Disposals | (
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At 31 December 2023 |
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Net book value | |||||||
At 31 December 2023 |
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At 31 March 2023 |
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31.12.2023 | 31.03.2023 | ||
£ | £ | ||
Trade debtors |
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Prepayments and accrued income |
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VAT recoverable |
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Corporation tax |
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Other debtors |
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31.12.2023 | 31.03.2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to Group undertakings |
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Accruals and deferred income |
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Taxation and social security |
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Other creditors |
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31.12.2023 | 31.03.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Commitments
31.12.2023 | 31.03.2023 | ||
£ | £ | ||
Total future minimum lease payments under non-cancellable operating lease |
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Parent Company:
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506-507, CEO Building Dubai Investment Park 1 Dubai, UAE |