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REGISTERED NUMBER: 07781687 (England and Wales)















Nene Valley ECO Limited

Unaudited Financial Statements

for the Year Ended 31st December 2023






Nene Valley ECO Limited (Registered number: 07781687)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Nene Valley ECO Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: S A Klemis





SECRETARY: A Klemis





REGISTERED OFFICE: 49 Northampton Road
Broughton
Kettering
Northamptonshire
NN14 1NR





REGISTERED NUMBER: 07781687 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Nene Valley ECO Limited (Registered number: 07781687)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,364 2,954

CURRENT ASSETS
Debtors 6 17,812 19,052
Cash at bank 5,385 11,049
23,197 30,101
CREDITORS
Amounts falling due within one year 7 25,255 32,280
NET CURRENT LIABILITIES (2,058 ) (2,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306

775

PROVISIONS FOR LIABILITIES 9 500 600
NET (LIABILITIES)/ASSETS (194 ) 175

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (294 ) 75
SHAREHOLDERS' FUNDS (194 ) 175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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 15th August 2024 and were signed by:





S A Klemis - Director


Nene Valley ECO Limited (Registered number: 07781687)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Nene Valley ECO 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of the supply and installation of windows, doors and conservatories.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Nene Valley ECO Limited (Registered number: 07781687)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 17,610 250 17,860
DEPRECIATION
At 1st January 2023 14,656 250 14,906
Charge for year 590 - 590
At 31st December 2023 15,246 250 15,496
NET BOOK VALUE
At 31st December 2023 2,364 - 2,364
At 31st December 2022 2,954 - 2,954

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,530
Other debtors 17,812 16,522
17,812 19,052

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 21,937 21,963
Trade creditors 1,299 5,264
Taxation and social security 1,116 4,150
Other creditors 903 903
25,255 32,280

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 21,937 21,963

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 500 600

Deferred
tax
£   
Balance at 1st January 2023 600
Provided during year (100 )
Balance at 31st December 2023 500

Nene Valley ECO Limited (Registered number: 07781687)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2023 or 31st December 2022.

12. CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2023 or 31st December 2022.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
S A Klemis
Balance outstanding at start of year 16,102 8,854
Amounts advanced - 16,102
Amounts repaid (362 ) (8,854 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,740 16,102

No interest has been charged on these amounts, and they were repaid within 9 months of the year end.