IRIS Accounts Production v24.2.0.383 04033276 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040332762023-03-31040332762024-03-31040332762023-04-012024-03-31040332762022-03-31040332762022-04-012023-03-31040332762023-03-3104033276ns15:EnglandWales2023-04-012024-03-3104033276ns14:PoundSterling2023-04-012024-03-3104033276ns10:Director12023-04-012024-03-3104033276ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104033276ns10:SmallEntities2023-04-012024-03-3104033276ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104033276ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104033276ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104033276ns10:FullAccounts2023-04-012024-03-3104033276ns10:OrdinaryShareClass22023-04-012024-03-3104033276ns10:OrdinaryShareClass32023-04-012024-03-3104033276ns10:CompanySecretary12023-04-012024-03-3104033276ns10:RegisteredOffice2023-04-012024-03-3104033276ns5:CurrentFinancialInstruments2024-03-3104033276ns5:CurrentFinancialInstruments2023-03-3104033276ns5:ShareCapital2024-03-3104033276ns5:ShareCapital2023-03-3104033276ns5:RetainedEarningsAccumulatedLosses2024-03-3104033276ns5:RetainedEarningsAccumulatedLosses2023-03-3104033276ns5:LeaseholdImprovements2023-04-012024-03-3104033276ns5:ComputerEquipment2023-04-012024-03-3104033276ns5:LeaseholdImprovements2023-03-3104033276ns5:ComputerEquipment2023-03-3104033276ns5:LeaseholdImprovements2024-03-3104033276ns5:ComputerEquipment2024-03-3104033276ns5:LeaseholdImprovements2023-03-3104033276ns5:ComputerEquipment2023-03-3104033276ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104033276ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104033276ns10:OrdinaryShareClass22024-03-3104033276ns10:OrdinaryShareClass32024-03-31
REGISTERED NUMBER: 04033276 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ECHELON IFA LIMITED

ECHELON IFA LIMITED (REGISTERED NUMBER: 04033276)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ECHELON IFA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G M Broomfield





SECRETARY: G M Broomfield





REGISTERED OFFICE: The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ





REGISTERED NUMBER: 04033276 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

ECHELON IFA LIMITED (REGISTERED NUMBER: 04033276)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231 346

CURRENT ASSETS
Debtors 5 397,561 450,045
Investments 6 196,554 190,267
Cash at bank 36,274 101,851
630,389 742,163
CREDITORS
Amounts falling due within one year 7 16,486 16,800
NET CURRENT ASSETS 613,903 725,363
TOTAL ASSETS LESS CURRENT LIABILITIES 614,134 725,709

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 614,034 725,609
SHAREHOLDERS' FUNDS 614,134 725,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:




G M Broomfield - Director


ECHELON IFA LIMITED (REGISTERED NUMBER: 04033276)

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

1. STATUTORY INFORMATION

Echelon IFA Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Fees receivable
Fees are recognised from the date that the policy goes on risk with the product provider.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Computer & office equipment - 33% on cost

Taxation
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ECHELON IFA LIMITED (REGISTERED NUMBER: 04033276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Computer
to & office
property equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 5,460 10,554 16,014
DEPRECIATION
At 1 April 2023 5,152 10,516 15,668
Charge for year 77 38 115
At 31 March 2024 5,229 10,554 15,783
NET BOOK VALUE
At 31 March 2024 231 - 231
At 31 March 2023 308 38 346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 239,815 294,373
Other debtors 157,746 155,672
397,561 450,045

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 196,554 190,267
Market value of listed investments at 31 March 2024 - £ 196,555 (2023 - £ 190,268 ).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,389 2,270
Other creditors 14,097 14,530
16,486 16,800

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

ECHELON IFA LIMITED (REGISTERED NUMBER: 04033276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RELATED PARTY DISCLOSURES

The company is owed £24,738 (2023: £24,594) from Look4property Limited, a company controlled by GM Broomfield.