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Registered number: 08409563
ECH Engineering Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Jon Line Accountancy Limited
65, Bishopsworth Road
Bristol
BS13 7JW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08409563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 369,959 370,885
369,959 370,885
CURRENT ASSETS
Stocks 6 7,100 8,950
Debtors 7 13,728 53,932
Cash at bank and in hand 217,557 68,142
238,385 131,024
Creditors: Amounts Falling Due Within One Year 8 (131,623 ) (21,468 )
NET CURRENT ASSETS (LIABILITIES) 106,762 109,556
TOTAL ASSETS LESS CURRENT LIABILITIES 476,721 480,441
NET ASSETS 476,721 480,441
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 476,621 480,341
SHAREHOLDERS' FUNDS 476,721 480,441
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Edward Hammond
Director
29th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ECH Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08409563 . The registered office is 184 Stowey Road, Yatton, Bristol, BS49 4QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 15%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 10,000
As at 29 February 2024 10,000
Amortisation
As at 1 March 2023 10,000
As at 29 February 2024 10,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 333,744 293,160 22,500 - 649,404
Additions - 12,025 - 423 12,448
Disposals - (253,300 ) - - (253,300 )
As at 29 February 2024 333,744 51,885 22,500 423 408,552
Depreciation
As at 1 March 2023 6,000 271,019 1,500 - 278,519
Provided during the period 13,394 8,183 5,531 29 27,137
Disposals - (267,063 ) - - (267,063 )
As at 29 February 2024 19,394 12,139 7,031 29 38,593
Net Book Value
As at 29 February 2024 314,350 39,746 15,469 394 369,959
As at 1 March 2023 327,744 22,141 21,000 - 370,885
6. Stocks
2024 2023
£ £
Stock 7,100 8,950
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,727 53,932
VAT 1 -
13,728 53,932
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,065 10,563
Accruals and deferred income 33,000 -
Director's loan account 60,558 10,905
131,623 21,468
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5