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REGISTERED NUMBER: 10928860 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2024

FOR

ECHOTEL LIMITED

ECHOTEL LIMITED (REGISTERED NUMBER: 10928860)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ECHOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2024







DIRECTOR: P Quinton





REGISTERED OFFICE: Room 73 Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 10928860 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

ECHOTEL LIMITED (REGISTERED NUMBER: 10928860)

BALANCE SHEET
30 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,015

CURRENT ASSETS
Debtors 5 99,197 51,055
Cash at bank 239 1,170
99,436 52,225
CREDITORS
Amounts falling due within one year 6 73,745 69,278
NET CURRENT ASSETS/(LIABILITIES) 25,691 (17,053 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,691 (16,038 )

CREDITORS
Amounts falling due after more than one year 7 3,238 5,469
NET ASSETS/(LIABILITIES) 22,453 (21,507 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 22,452 (21,508 )
SHAREHOLDERS' FUNDS 22,453 (21,507 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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 11 October 2024 and were signed by:





P Quinton - Director


ECHOTEL LIMITED (REGISTERED NUMBER: 10928860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

1. STATUTORY INFORMATION

Echotel 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 (£).


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.
Office equipment - 33% on cost
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.

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.

Bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available was £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.
.

3. EMPLOYEES AND DIRECTORS

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

ECHOTEL LIMITED (REGISTERED NUMBER: 10928860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
Cost
At 31 August 2023
and 30 August 2024 9,093 3,550 12,643
Depreciation
At 31 August 2023 8,204 3,424 11,628
Charge for year 889 126 1,015
At 30 August 2024 9,093 3,550 12,643
Net book value
At 30 August 2024 - - -
At 30 August 2023 889 126 1,015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,089 12,089
Director's loan account 87,108 38,966
99,197 51,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,520 4,760
Corporation tax 58,958 52,990
Social security and other taxes - 44
VAT 10,619 9,836
Other creditors 1,048 1,048
Accruals and deferred income 600 600
73,745 69,278

The bank loan is secured by the UK Government under the Bounce Back Loan Scheme. No interest was payable in year one, with interest fixed at 2.5% per annum from year 2 over the loan term of 72 months.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,238 5,469

The bank loan is secured by the UK Government under the Bounce Back Loan Scheme. No interest was payable in year one, with interest fixed at 2.5% per annum from year 2 over the loan term of 72 months.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,777 4,769

ECHOTEL LIMITED (REGISTERED NUMBER: 10928860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

At the year end the company was owed an amount of £87,108 (2023: £38,966) from P Quinton, director. Interest of £4,148 (2023: £857) has been charged on this balance during the year at a rate of 5% (2023: 2.25%). The balance was cleared by way of a post year end dividend.