Registered Number:08000438 |
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2024
E-Cycle Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
E-Cycle Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
183,578
145,273
2
183,578
145,273
40,000
60,000
3
Trade and other receivables |
236,424
116,908
4
802,832
Cash and cash equivalents |
1,312,341
1,489,249
1,079,256
Trade and other payables: amounts falling due within one |
year |
(462,257)
(507,259)
5
616,999
981,990
Net current assets
Total assets less current liabilities |
1,165,568
762,272
Trade and other payables: amounts falling due after more |
than one year |
(80,000)
(40,000)
6
1,125,568
Net assets
682,272
50
50
(170,800)
(170,800)
1,296,318
853,022
1,125,568
682,272
Shareholders' funds
For the year ended 31 July 2024 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr. A.K. Prothero Director |
These financial statements were approved and authorised for issue by the Board on 19 August 2024 and were signed by: |
1 of 5
For the year ended 31 July 2024
E-Cycle Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 31 July 2024
E-Cycle Limited
Notes to the Financial Statements
Statutory Information
E-Cycle Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
08000438. |
Principal place of business: |
Unit 4
Dinas Isaf Industrial Estate
Williamstown
Tonypandy
CF40 1NY
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Office equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
For the year ended 31 July 2024
E-Cycle Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
423,022
21,719
2,533
398,770
58,699
7,646
25,714
25,339
424,109
28,247
29,365
481,721
Provision for depreciation and impairment |
277,749
12,208
481
265,060
Charge for year
20,394
1,715
2,776
15,903
298,143
13,923
3,257
280,963
143,146
24,990
15,442
183,578
133,710
2,052
9,511
145,273
2023
2024
60,000
40,000
4. Trade and other receivables |
2023
2024
116,908
236,424
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
40,000
40,000
56,876
72,928
Taxation and social security |
335,416
346,546
74,967
2,783
507,259
462,257
4 of 5
For the year ended 31 July 2024
E-Cycle Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
40,000
80,000
7. Average number of persons employed |
During the year the average number of employees was 24 (2023 : 35)
5 of 5