IRIS Accounts Production v24.3.0.553 SC724831 director 1.4.23 31.3.24 31.3.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7248312023-03-31SC7248312024-03-31SC7248312023-04-012024-03-31SC7248312022-02-28SC7248312022-03-012023-03-31SC7248312023-03-31SC724831ns15:Scotland2023-04-012024-03-31SC724831ns14:PoundSterling2023-04-012024-03-31SC724831ns10:Director12023-04-012024-03-31SC724831ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC724831ns10:SmallEntities2023-04-012024-03-31SC724831ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC724831ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC724831ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC724831ns10:FullAccounts2023-04-012024-03-31SC72483112023-04-012024-03-31SC724831ns10:RegisteredOffice2023-04-012024-03-31SC724831ns5:CurrentFinancialInstruments2024-03-31SC724831ns5:CurrentFinancialInstruments2023-03-31SC724831ns5:ShareCapital2024-03-31SC724831ns5:ShareCapital2023-03-31SC724831ns5:RetainedEarningsAccumulatedLosses2024-03-31SC724831ns5:RetainedEarningsAccumulatedLosses2023-03-31SC724831ns5:NetGoodwill2023-04-012024-03-31SC724831ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC724831ns5:NetGoodwill2023-03-31SC724831ns5:NetGoodwill2024-03-31SC724831ns5:NetGoodwill2023-03-31SC724831ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC724831ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SC724831 (Scotland)















Eco Aird Ltd

Financial Statements For The Year Ended 31 March 2024






Eco Aird Ltd (Registered number: SC724831)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eco Aird Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTOR: Mrs J Loades





REGISTERED OFFICE: Aird Cottage
Ardross
Alness
IV17 0XW





REGISTERED NUMBER: SC724831 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

Eco Aird Ltd (Registered number: SC724831)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,750 12,750

CURRENT ASSETS
Stocks 11,476 12,741
Debtors 5 624 60
Cash at bank 570 1,139
12,670 13,940
CREDITORS
Amounts falling due within one year 6 31,677 30,467
NET CURRENT LIABILITIES (19,007 ) (16,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,257

)

(3,777

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,258 ) (3,778 )
(9,257 ) (3,777 )

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 director acknowledges her 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 27 November 2024 and were signed by:





Mrs J Loades - Director


Eco Aird Ltd (Registered number: SC724831)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Eco Aird 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.

At the balance sheet date, the company had net current liabilities of £19,007 (2023 - £16,527) and net liabilities of £9,257 ( 2023 - £3,777). The director considers that it is appropriate to prepare the accounts under the going concern principal as they will not seek repayment of their director's loan of £30,077 in preference to other creditors.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis.

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, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.

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 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.

Eco Aird Ltd (Registered number: SC724831)

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

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023 2,250
Charge for year 3,000
At 31 March 2024 5,250
NET BOOK VALUE
At 31 March 2024 9,750
At 31 March 2023 12,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 624 60

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 456
Other creditors 31,677 30,011
31,677 30,467