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REGISTERED NUMBER: 11517662 (England and Wales)
















Unaudited Financial Statements

for the Period

1 September 2023 to 31 March 2024

for

Ethiceyes Limited

Ethiceyes Limited (Registered number: 11517662)






Contents of the Financial Statements
for the Period 1 September 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ethiceyes Limited

Company Information
for the Period 1 September 2023 to 31 March 2024







DIRECTOR: A J Porteous





REGISTERED OFFICE: 1 Manor Court
6 Barnes Wallis Road
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 11517662 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Ethiceyes Limited (Registered number: 11517662)

Balance Sheet
31 March 2024

31.3.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 694 812

CURRENT ASSETS
Debtors 5 81,797 57,768
Cash at bank 3,205 595
85,002 58,363
CREDITORS
Amounts falling due within one year 6 78,611 48,752
NET CURRENT ASSETS 6,391 9,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,085

10,423

CREDITORS
Amounts falling due after more than one
year

7

(6,667

)

(9,583

)

PROVISIONS FOR LIABILITIES (154 ) (154 )
NET ASSETS 264 686

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 263 685
SHAREHOLDERS' FUNDS 264 686

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

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

Ethiceyes Limited (Registered number: 11517662)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2024 and were signed by:





A J Porteous - Director


Ethiceyes Limited (Registered number: 11517662)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 March 2024

1. STATUTORY INFORMATION

Ethiceyes 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.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Ethiceyes Limited (Registered number: 11517662)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 March 2024 1,439
DEPRECIATION
At 1 September 2023 627
Charge for period 118
At 31 March 2024 745
NET BOOK VALUE
At 31 March 2024 694
At 31 August 2023 812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
£    £   
Trade debtors 15,079 -
Other debtors 66,718 57,768
81,797 57,768

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 62,311 41,752
Other creditors 11,300 2,000
78,611 48,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.8.23
£    £   
Bank loans 6,667 9,583

Ethiceyes Limited (Registered number: 11517662)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 March 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 31 August 2023:

31.3.24 31.8.23
£    £   
A J Porteous
Balance outstanding at start of period 43,589 37,284
Amounts advanced 6,692 24,906
Amounts repaid - (18,601 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 50,281 43,589

Interest has been charged, on the above loan, at the HMRC official rate of interest. The loan to the director is repayable on demand.