BrightAccountsProduction v1.0.0 v1.0.0 2023-05-16 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the year was the provision of environmental services to local authorities. 14 October 2024 13 NI697247 2024-08-31 NI697247 2023-05-15 NI697247 2023-05-16 2024-08-31 NI697247 uk-bus:PrivateLimitedCompanyLtd 2023-05-16 2024-08-31 NI697247 uk-curr:PoundSterling 2023-05-16 2024-08-31 NI697247 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-16 2024-08-31 NI697247 uk-bus:AbridgedAccounts 2023-05-16 2024-08-31 NI697247 uk-core:ShareCapital 2024-08-31 NI697247 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI697247 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI697247 uk-bus:FRS102 2023-05-16 2024-08-31 NI697247 uk-core:Goodwill 2023-05-16 2024-08-31 NI697247 uk-core:PlantMachinery 2023-05-16 2024-08-31 NI697247 uk-core:FurnitureFittingsToolsEquipment 2023-05-16 2024-08-31 NI697247 uk-core:MotorVehicles 2023-05-16 2024-08-31 NI697247 uk-core:Goodwill 2023-05-15 NI697247 uk-core:Goodwill 2024-08-31 NI697247 uk-core:ParentEntities 2023-05-16 2024-08-31 NI697247 2023-05-16 2024-08-31 NI697247 uk-bus:Director1 2023-05-16 2024-08-31 NI697247 uk-bus:Director2 2023-05-16 2024-08-31 NI697247 uk-bus:AuditExempt-NoAccountantsReport 2023-05-16 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI697247
 
 
ECH Innovation Ltd
 
Abridged Unaudited Financial Statements
 
for the financial period from 16 May 2023 (date of incorporation) to 31 August 2024
ECH Innovation Ltd
Company Registration Number: NI697247
ABRIDGED BALANCE SHEET
as at 31 August 2024

Aug 24
Notes £
 
Fixed Assets
Intangible assets 5 22,478
Tangible assets 6 91,327
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Fixed Assets 113,805
─────────
 
Current Assets
Stocks 159,036
Debtors 333,452
Cash and cash equivalents 26,160
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518,648
─────────
Creditors: amounts falling due within one year (434,645)
─────────
Net Current Assets 84,003
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Total Assets less Current Liabilities 197,808
 
Creditors:
amounts falling due after more than one year (154,710)
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Net Assets 43,098
═════════
 
Capital and Reserves
Called up share capital 300
Retained earnings 42,798
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Equity attributable to owners of the company 43,098
═════════
 
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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial period from 16 May 2023 (date of incorporation) to 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 14 October 2024 and signed on its behalf by
       
       
________________________________      
Mr. Robert Mannion      
Director      
       
       
________________________________
Mr. James Smith
Director
       



ECH Innovation Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period from 16 May 2023 (date of incorporation) to 31 August 2024

   
1. General Information
 
ECH Innovation Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI697247. The registered office of the company is 2 Church Street, Ballygawley, Co. Tyrone, BT70 2HB, Northern Ireland. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Reducing balance
  Fixtures, fittings and equipment - 33% Reducing balance
  Motor vehicles - 15% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 15 month 16 days period from 16 May 2023 (date of incorporation) to 31 August 2024.
     
4. Employees
 
The average monthly number of employees, including directors, during the financial period was 13, (May 23 - 0).
 
  Aug 24
  Number
 
Administrative 13
  ═════════
       
5. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 16 May 2023 - -
Additions 28,098 28,098
  ───────── ─────────
At 31 August 2024 28,098 28,098
  ───────── ─────────
Amortisation
Charge for financial period 5,620 5,620
  ───────── ─────────
At 31 August 2024 5,620 5,620
  ───────── ─────────
Net book value
At 31 August 2024 22,478 22,478
  ═════════ ═════════
           
6. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 16 May 2023 - - - -
Additions 22,058 5,414 73,175 100,647
Disposals (850) - - (850)
  ───────── ───────── ───────── ─────────
At 31 August 2024 21,208 5,414 73,175 99,797
  ───────── ───────── ───────── ─────────
Depreciation
At 16 May 2023 - - - -
Charge for the financial period 2,282 643 5,545 8,470
  ───────── ───────── ───────── ─────────
At 31 August 2024 2,282 643 5,545 8,470
  ───────── ───────── ───────── ─────────
Net book value
At 31 August 2024 18,926 4,771 67,630 91,327
  ═════════ ═════════ ═════════ ═════════
     
7. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 August 2024.
   
8. Parent company
 
The company regards Evergreen Corporate Holdings Ltd as its parent company.
 
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.