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REGISTERED NUMBER: SC684256 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Eco Gen Contractors Ltd

Eco Gen Contractors Ltd (Registered number: SC684256)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Eco Gen Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P McDevitt
R A Macpherson





REGISTERED OFFICE: Unit 5a Fountain Way
Blackparks Industrial Estate
Commerce Road
Stranraer
Dumfries & Galloway
DG9 7UD





REGISTERED NUMBER: SC684256 (Scotland)





ACCOUNTANTS: McMillan Bain & Company
27 High Park Avenue
Stranraer
Dumfries & Galloway
DG9 0DE

Eco Gen Contractors Ltd (Registered number: SC684256)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,837 23,210
Investment property 5 117,050 74,469
307,887 97,679

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 423,110 349,011
Cash at bank and in hand 254,673 22,778
685,283 379,289
CREDITORS
Amounts falling due within one year 407,481 203,135
NET CURRENT ASSETS 277,802 176,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,689

273,833

CREDITORS
Amounts falling due after more than one
year

(39,401

)

(2,445

)

PROVISIONS FOR LIABILITIES (31,817 ) (4,721 )
NET ASSETS 514,471 266,667

CAPITAL AND RESERVES
Called up share capital 6 100 3
Non-distributable reserve 7 5,801 -
Retained earnings 508,570 266,664
SHAREHOLDERS' FUNDS 514,471 266,667

Eco Gen Contractors Ltd (Registered number: SC684256)

Abridged Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:




P McDevitt - Director



R A Macpherson - Director


Eco Gen Contractors Ltd (Registered number: SC684256)

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

1. STATUTORY INFORMATION

Eco Gen Contractors Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Eco Gen Contractors Ltd (Registered number: SC684256)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 35,281
Additions 232,451
Disposals (2,000 )
At 31 March 2024 265,732
DEPRECIATION
At 1 April 2023 12,071
Charge for year 63,324
Eliminated on disposal (500 )
At 31 March 2024 74,895
NET BOOK VALUE
At 31 March 2024 190,837
At 31 March 2023 23,210

Eco Gen Contractors Ltd (Registered number: SC684256)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 10,000
Additions 55,838
Transfer to ownership (10,000 )
At 31 March 2024 55,838
DEPRECIATION
At 1 April 2023 4,761
Charge for year 13,960
Transfer to ownership (4,761 )
At 31 March 2024 13,960
NET BOOK VALUE
At 31 March 2024 41,878
At 31 March 2023 5,239

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 74,469
Additions 36,780
Revaluations 5,801
At 31 March 2024 117,050
NET BOOK VALUE
At 31 March 2024 117,050
At 31 March 2023 74,469

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 117,050

Eco Gen Contractors Ltd (Registered number: SC684256)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary Shares 1 50 2
50 B Ordinary 1 50 1
100 3

The following shares were allotted and fully paid for cash at par during the year:

48 Ordinary Shares shares of 1 each
49 B Ordinary shares of 1 each

7. RESERVES
Non-distributable
reserve
£   
Fair value movement 5,801

At 31 March 2024 5,801