Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseSupply of specialist timber43truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05659260 2023-04-01 2024-03-31 05659260 2022-04-01 2023-03-31 05659260 2024-03-31 05659260 2023-03-31 05659260 c:Director1 2023-04-01 2024-03-31 05659260 d:MotorVehicles 2023-04-01 2024-03-31 05659260 d:MotorVehicles 2024-03-31 05659260 d:MotorVehicles 2023-03-31 05659260 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05659260 d:OfficeEquipment 2023-04-01 2024-03-31 05659260 d:OfficeEquipment 2024-03-31 05659260 d:OfficeEquipment 2023-03-31 05659260 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05659260 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05659260 d:CurrentFinancialInstruments 2024-03-31 05659260 d:CurrentFinancialInstruments 2023-03-31 05659260 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05659260 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05659260 d:ShareCapital 2024-03-31 05659260 d:ShareCapital 2023-03-31 05659260 d:RetainedEarningsAccumulatedLosses 2024-03-31 05659260 d:RetainedEarningsAccumulatedLosses 2023-03-31 05659260 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05659260 c:OrdinaryShareClass1 2024-03-31 05659260 c:FRS102 2023-04-01 2024-03-31 05659260 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05659260 c:FullAccounts 2023-04-01 2024-03-31 05659260 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05659260 6 2023-04-01 2024-03-31 05659260 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05659260 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05659260 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 05659260 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 05659260 d:OtherDeferredTax 2024-03-31 05659260 d:OtherDeferredTax 2023-03-31 05659260 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05659260









ECOCHOICE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ECOCHOICE LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 9


 
ECOCHOICE LIMITED
REGISTERED NUMBER: 05659260

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
16,133
20,534

Investments
 5 
193,149
179,042

  
209,282
199,576

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
480,133
337,696

Cash at bank and in hand
  
474,477
480,482

  
954,610
818,178

Creditors: amounts falling due within one year
 7 
(561,035)
(458,967)

NET CURRENT ASSETS
  
 
 
393,575
 
 
359,211

TOTAL ASSETS LESS CURRENT LIABILITIES
  
602,857
558,787

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(338)
(466)

NET ASSETS
  
602,519
558,321


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1
1

Profit and loss account
  
602,518
558,320

  
602,519
558,321


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ECOCHOICE LIMITED
REGISTERED NUMBER: 05659260
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Bekin
Director

Date: 17 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ECOCHOICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Ecochoice Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is Barnwell House, Barnwell Drive, Cambridge, CB5 8UU.  

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of services supplied during the year, exclusive of Value Added Tax.  Turnover is measured as the fair value of the consideration received or receivable, and is recognised in the period to which it relates.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

VALUATION OF INVESTMENTS

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
ECOCHOICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

FINANCIAL INSTRUMENTS

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.9

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
ECOCHOICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

DIVIDENDS

Equity dividends are recognised when they become legally payable. 

 
2.12

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences.  Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 5

 
ECOCHOICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Motor vehicles
Office equipment
Total

£
£
£



COST


At 1 April 2023
28,625
7,358
35,983


Additions
-
250
250



At 31 March 2024

28,625
7,608
36,233



DEPRECIATION


At 1 April 2023
9,924
5,525
15,449


Charge for the year on owned assets
3,741
910
4,651



At 31 March 2024

13,665
6,435
20,100



NET BOOK VALUE



At 31 March 2024
14,960
1,173
16,133



At 31 March 2023
18,701
1,833
20,534

Page 6

 
ECOCHOICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


FIXED ASSET INVESTMENTS





Listed investments
Cash held by investment broker
Total

£
£
£



COST OR VALUATION


At 1 April 2023
176,955
2,087
179,042


Additions
108,994
-
108,994


Disposals
(110,288)
-
(110,288)


Revaluations
12,411
-
12,411


Movement in cash held at investment broker
-
2,990
2,990



At 31 March 2024
188,072
5,077
193,149





6.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£


Trade debtors
412,548
226,735

Other debtors
16,370
12,663

Prepayments and accrued income
51,215
98,298

480,133
337,696


Included within Other debtors is an interest-free advance made during the year to the director amounting to £2,127 (2023: £1,838). This was repayable on demand.

Page 7

 
ECOCHOICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
401,257
276,154

Corporation tax
30,275
4,937

Other taxation and social security
90,385
56,018

Other creditors
10,189
10,157

Accruals and deferred income
28,929
111,701

561,035
458,967


Included within other creditors are amounts due to defined contribution pension schemes of £487 (2023 - £552).


8.


DEFERRED TAXATION




2024


£






At beginning of year
(466)


Charged to profit or loss
128



AT END OF YEAR
(338)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
299
441

Other short term timing differences
(45)
(40)

Capital gains
84
65

338
466

Page 8

 
ECOCHOICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 Ordinary share of £1
1
1


 
Page 9