Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112023-01-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13698727 2023-01-01 2023-12-31 13698727 2021-10-20 2022-12-31 13698727 2023-12-31 13698727 2022-12-31 13698727 c:Director1 2023-01-01 2023-12-31 13698727 d:MotorVehicles 2023-01-01 2023-12-31 13698727 d:MotorVehicles 2023-12-31 13698727 d:MotorVehicles 2022-12-31 13698727 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13698727 d:CurrentFinancialInstruments 2023-12-31 13698727 d:CurrentFinancialInstruments 2022-12-31 13698727 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13698727 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13698727 d:ShareCapital 2023-12-31 13698727 d:ShareCapital 2021-10-20 2022-12-31 13698727 d:ShareCapital 2022-12-31 13698727 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13698727 d:RetainedEarningsAccumulatedLosses 2023-12-31 13698727 d:RetainedEarningsAccumulatedLosses 2021-10-20 2022-12-31 13698727 d:RetainedEarningsAccumulatedLosses 2022-12-31 13698727 c:FRS102 2023-01-01 2023-12-31 13698727 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13698727 c:FullAccounts 2023-01-01 2023-12-31 13698727 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13698727 d:EntityControlledByKeyManagementPersonnel1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13698727









ENTROPIC ECOLOGY INDOORS UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ENTROPIC ECOLOGY INDOORS UK LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 8


 
ENTROPIC ECOLOGY INDOORS UK LTD
REGISTERED NUMBER: 13698727

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,120
27,647

  
17,120
27,647

Current assets
  

Stocks
 5 
49,187
43,447

Debtors: amounts falling due within one year
 6 
308,873
20,346

Bank and cash balances
  
148,175
8,515

  
506,235
72,308

Creditors: amounts falling due within one year
 7 
(433,252)
(162,526)

Net current assets/(liabilities)
  
 
 
72,983
 
 
(90,218)

Total assets less current liabilities
  
90,103
(62,571)

  

Net assets/(liabilities)
  
90,103
(62,571)


Capital and reserves
  

Called up share capital 
  
15,000
15,000

Profit and loss account
  
75,103
(77,571)

  
90,103
(62,571)


Page 1

 
ENTROPIC ECOLOGY INDOORS UK LTD
REGISTERED NUMBER: 13698727
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




M J Geraghty
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
ENTROPIC ECOLOGY INDOORS UK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(77,571)
(77,571)


Contributions by and distributions to owners

Shares redeemed during the period
15,000
-
15,000



At 1 January 2023
15,000
(77,571)
(62,571)


Comprehensive income for the year

Profit for the year
-
152,674
152,674


At 31 December 2023
15,000
75,103
90,103


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ENTROPIC ECOLOGY INDOORS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Entropic Ecology Indoors UK Limited is a private company, limited by shares, incorporated in England and Wales, registration number 13698727. The registered office address is 3rd Floor, Waverley House, 7-12 Noel Street, London, United Kingdom, W1F 8GQ.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
ENTROPIC ECOLOGY INDOORS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

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.

 
2.6

Taxation

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.

Page 5

 
ENTROPIC ECOLOGY INDOORS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 method over 3 years.

Depreciation is provided on the following basis:

Motor vehicles
-
33%

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
ENTROPIC ECOLOGY INDOORS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 January 2023
31,900



At 31 December 2023

31,900



Depreciation


At 1 January 2023
4,253


Charge for the year on owned assets
10,527



At 31 December 2023

14,780



Net book value



At 31 December 2023
17,120



At 31 December 2022
27,647

Page 7

 
ENTROPIC ECOLOGY INDOORS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
49,187
43,447

49,187
43,447



6.


Debtors

2023
2022
£
£


Trade debtors
293,873
5,346

Debtors - intercompany
15,000
15,000

308,873
20,346


All amounts owed by Entropic Ltd (IE) are unsecured, interest-free and payable on demand.


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
200,201
52,578

Amounts owed to Entropic Ltd
145,922
102,880

Corporation tax
29,017
-

Other taxation and social security
53,012
1,183

Accruals and deferred income
5,100
5,885

433,252
162,526


Interest is chargeable at 3% per annum on any amounts not repaid to Entropic Ltd (IE) within 6 months.


8.


Related party transactions

During the year, a company with the same shareholder Entropic Ltd (IE) loaned £41,765 (2022 - £102,880) to Entropic Ecology Indoors UK Ltd. Interest is chargeable at 3% per annum on any amounts not repaid within 6 months. Interest was charged for £1,277 during the year. At the balance sheet date, Entropic Ecology Indoors UK Ltd owe £145,922 (2022 - £102,880) to Entropic Ltd (IE). 

At the balance sheet date, Entropic Ecology Indoors UK Ltd are owed £15,000 (2022 - £15,000) from Entropic Ltd (IE). All amounts are unsecured, interest-free and payable on demand. 

 
Page 8