Registered number
NI609759
Echo Gen Ltd
Filleted Accounts
30 November 2023
Echo Gen Ltd
Registered number: NI609759
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 35,143 33,648
Current assets
Debtors 4 11,287 11,990
Cash at bank and in hand 52,835 40,722
64,122 52,712
Creditors: amounts falling due within one year 5 (34,096) (33,393)
Net current assets 30,026 19,319
Total assets less current liabilities 65,169 52,967
Provisions for liabilities (1,414) (883)
Net assets 63,755 52,084
Capital and reserves
Called up share capital 100 100
Profit and loss account 63,655 51,984
Shareholder's funds 63,755 52,084
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Matthew John Wauchob
Director
Approved by the board on 31 July 2024
Echo Gen Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures and fittings 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 29,000 11,655 40,655
Additions - 3,030 3,030
At 30 November 2023 29,000 14,685 43,685
Depreciation
At 1 December 2022 - 7,007 7,007
Charge for the year - 1,535 1,535
At 30 November 2023 - 8,542 8,542
Net book value
At 30 November 2023 29,000 6,143 35,143
At 30 November 2022 29,000 4,648 33,648
4 Debtors 2023 2022
£ £
Trade debtors - 2,564
Other debtors 11,287 9,426
11,287 11,990
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 4,138 3,881
Other creditors 29,958 29,512
34,096 33,393
6 Other information
Echo Gen Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
38 Baronscourt Road
Omagh
County Tyrone
BT78 4EY
Echo Gen Ltd NI609759 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Matthew John Wauchob No description of principal activity NI609759 2021-12-01 2022-11-30 NI609759 core:WithinOneYear 2022-11-30 NI609759 core:ShareCapital 2022-11-30 NI609759 core:RetainedEarningsAccumulatedLosses 2022-11-30 NI609759 2022-12-01 2023-11-30 NI609759 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI609759 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI609759 bus:Director40 2022-12-01 2023-11-30 NI609759 1 2022-12-01 2023-11-30 NI609759 2 2022-12-01 2023-11-30 NI609759 core:LandBuildings 2022-12-01 2023-11-30 NI609759 core:PlantMachinery 2022-12-01 2023-11-30 NI609759 countries:England 2022-12-01 2023-11-30 NI609759 bus:FRS102 2022-12-01 2023-11-30 NI609759 bus:FilletedAccounts 2022-12-01 2023-11-30 NI609759 2023-11-30 NI609759 core:WithinOneYear 2023-11-30 NI609759 core:ShareCapital 2023-11-30 NI609759 core:RetainedEarningsAccumulatedLosses 2023-11-30 NI609759 core:LandBuildings 2023-11-30 NI609759 core:PlantMachinery 2023-11-30 NI609759 2022-11-30 NI609759 core:LandBuildings 2022-11-30 NI609759 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure