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REGISTERED NUMBER: 11773320 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

FOR

VECI ECO REFORM LIMITED

VECI ECO REFORM LIMITED (REGISTERED NUMBER: 11773320)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VECI ECO REFORM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023







DIRECTORS: Y Kalogeropoulos
Mrs V Gkougkouli





SECRETARY: Mrs V Gkougkouli





REGISTERED OFFICE: Flat 26 Prospect Quay
98 Point Pleasant
London
LONDON
SW18 1PR





REGISTERED NUMBER: 11773320 (England and Wales)






VECI ECO REFORM LIMITED (REGISTERED NUMBER: 11773320)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 369,956 387,293

CURRENT ASSETS
Stocks 88,740 81,611
Debtors 5 19,327 30,633
Cash at bank 91,545 33,944
199,612 146,188
CREDITORS
Amounts falling due within one year 6 (349,284 ) (387,945 )
NET CURRENT LIABILITIES (149,672 ) (241,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,284

145,536

CREDITORS
Amounts falling due after more than one
year

7

(63,841

)

(96,360

)
NET ASSETS 156,443 49,176

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,343 49,076
156,443 49,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




Y Kalogeropoulos - Director



Mrs V Gkougkouli - Director


VECI ECO REFORM LIMITED (REGISTERED NUMBER: 11773320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

VECI Eco Reform 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.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Computer equipment - 33.33% on cost

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

Taxation
Taxation for the period 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 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.

Foreign branch activity
The trade profit and loss activity detailed in the financial statements arises from business conducted in Greece as a branch of the UK resident company. The figures provided have been translated from the submitted documentation in Greece to the Greek authorities which represents all activity of the entity to be reported and disclosed in accordance with FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

VECI ECO REFORM LIMITED (REGISTERED NUMBER: 11773320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2023 380,683 32,104 2,554 415,341
Additions - 32,825 - 32,825
Exchange differences (29,271 ) - - (29,271 )
At 31 December 2023 351,412 64,929 2,554 418,895
DEPRECIATION
At 1 February 2023 14,448 12,779 821 28,048
Charge for period 13,717 6,974 200 20,891
At 31 December 2023 28,165 19,753 1,021 48,939
NET BOOK VALUE
At 31 December 2023 323,247 45,176 1,533 369,956
At 31 January 2023 366,235 19,325 1,733 387,293

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 19,327 30,633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 83,108 115,960
Other creditors 266,176 271,985
349,284 387,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2023
£    £   
Other creditors 63,841 96,360