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REGISTERED NUMBER: 08378106 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ecotronic Projects Limited

Ecotronic Projects Limited (Registered number: 08378106)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ecotronic Projects Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J McMahon





REGISTERED OFFICE: Unit 3 Hemlock Park
Hyssop Close
Cannock
Staffordshire
WS11 7FB





REGISTERED NUMBER: 08378106 (England and Wales)





ACCOUNTANTS: Harris & Co
(The practising name of
Harris Accountants Limited)
1 Trinity Place
Midland Drive
Sutton Coldfield
B72 1 TX

Ecotronic Projects Limited (Registered number: 08378106)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 64,179 45,076
64,180 45,077

CURRENT ASSETS
Stocks 142,940 486,157
Debtors 6 422,657 1,127,428
Cash at bank 345,083 330,566
910,680 1,944,151
CREDITORS
Amounts falling due within one year 7 391,063 682,843
NET CURRENT ASSETS 519,617 1,261,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,797

1,306,385

CREDITORS
Amounts falling due after more than
one year

8

(13,727

)

(23,367

)

PROVISIONS FOR LIABILITIES (13,960 ) (6,200 )
NET ASSETS 556,110 1,276,818

Ecotronic Projects Limited (Registered number: 08378106)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 556,010 1,276,718
SHAREHOLDERS' FUNDS 556,110 1,276,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 October 2024 and were signed by:





J McMahon - Director


Ecotronic Projects Limited (Registered number: 08378106)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Ecotronic Projects 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.

Goodwill
Goodwill represents the excess of cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery 25% reducing balance
Fixtures and fittings 25% reducing balance
Computer equipment 25% on cost
Motor vehicles 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Ecotronic Projects Limited (Registered number: 08378106)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Ecotronic Projects Limited (Registered number: 08378106)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with an insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 181,927 1,695 17,900 15,662 217,184
Additions - - 44,330 880 45,210
At 31 January 2024 181,927 1,695 62,230 16,542 262,394
DEPRECIATION
At 1 February 2023 150,192 1,352 8,950 11,614 172,108
Charge for year 8,075 86 15,558 2,388 26,107
At 31 January 2024 158,267 1,438 24,508 14,002 198,215
NET BOOK VALUE
At 31 January 2024 23,660 257 37,722 2,540 64,179
At 31 January 2023 31,735 343 8,950 4,048 45,076

Ecotronic Projects Limited (Registered number: 08378106)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
Additions 22,672
At 31 January 2024 22,672
DEPRECIATION
Charge for year 5,668
At 31 January 2024 5,668
NET BOOK VALUE
At 31 January 2024 17,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 388,245 1,105,035
Amounts owed by group undertakings 15,042 999
Other debtors 19,370 21,394
422,657 1,127,428

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,440 10,800
Trade creditors 83,686 171,946
Taxation and social security 170,725 423,744
Other creditors 126,212 76,353
391,063 682,843

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,727 23,367