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REGISTERED NUMBER: 07876860 (England and Wales)













ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD (REGISTERED NUMBER: 07876860)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R A Churches





REGISTERED OFFICE: Unit 8 Heol Ty Gwyn Industrial Estate
Maesteg
Mid Glamorgan
CF34 0BQ





REGISTERED NUMBER: 07876860 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD (REGISTERED NUMBER: 07876860)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170,070 114,737

CURRENT ASSETS
Debtors 5 289,591 198,806
Cash at bank 194,944 134,359
484,535 333,165
CREDITORS
Amounts falling due within one year 6 276,839 203,390
NET CURRENT ASSETS 207,696 129,775
TOTAL ASSETS LESS CURRENT LIABILITIES 377,766 244,512

CREDITORS
Amounts falling due after more than one
year

7

(84,925

)

(64,669

)

PROVISIONS FOR LIABILITIES (42,031 ) -
NET ASSETS 250,810 179,843

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 250,808 179,841
250,810 179,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD (REGISTERED NUMBER: 07876860)

BALANCE SHEET - continued
31 DECEMBER 2023


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 24 September 2024 and were signed by:





R A Churches - Director


ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD (REGISTERED NUMBER: 07876860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ecolec Maintenance Installation Services Ltd 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.

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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD (REGISTERED NUMBER: 07876860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 16 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 18,285 15,079 150,348 183,712
Additions 2,131 3,775 78,678 84,584
At 31 December 2023 20,416 18,854 229,026 268,296
DEPRECIATION
At 1 January 2023 11,766 9,423 47,786 68,975
Charge for year 1,397 1,175 26,679 29,251
At 31 December 2023 13,163 10,598 74,465 98,226
NET BOOK VALUE
At 31 December 2023 7,253 8,256 154,561 170,070
At 31 December 2022 6,519 5,656 102,562 114,737

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 243,325 157,328
Other debtors 46,266 41,478
289,591 198,806

ECOLEC MAINTENANCE INSTALLATION SERVICES
LTD (REGISTERED NUMBER: 07876860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 20,632 10,996
Trade creditors 120,094 128,101
Taxation and social security 113,237 50,688
Other creditors 16,876 7,605
276,839 203,390

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,000 15,000
Hire purchase contracts 75,925 49,669
84,925 64,669