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Company Registration No. 14109251 (England and Wales)
Etica Limited Unaudited accounts for the year ended 31 May 2024
Etica Limited Unaudited accounts Contents
Page
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Etica Limited Company Information for the year ended 31 May 2024
Director
Nazan Damani
Company Number
14109251 (England and Wales)
Registered Office
245 Field End Road Ruislip HA4 9NJ ENGLAND
Accountants
MAP Accounting Limited 26 Oakfield Avenue Harrow HA3 8TJ
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Etica Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
80,522 
34,212 
Current assets
Debtors
64,101 
10,600 
Cash at bank and in hand
64,305 
129,984 
128,406 
140,584 
Creditors: amounts falling due within one year
(22,308)
(50,572)
Net current assets
106,098 
90,012 
Total assets less current liabilities
186,620 
124,224 
Creditors: amounts falling due after more than one year
(8,887)
(13,567)
Net assets
177,733 
110,657 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
177,633 
110,557 
Shareholders' funds
177,733 
110,657 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 January 2024 and were signed on its behalf by
Nazan Damani Director Company Registration No. 14109251
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Etica Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Etica Limited is a private company, limited by shares, registered in England and Wales, registration number 14109251. The registered office is 245 Field End Road, Ruislip, HA4 9NJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
42,765 
42,765 
Additions
66,440 
- 
66,440 
At 31 May 2024
66,440 
42,765 
109,205 
Depreciation
At 1 June 2023
- 
8,553 
8,553 
Charge for the year
13,288 
6,842 
20,130 
At 31 May 2024
13,288 
15,395 
28,683 
Net book value
At 31 May 2024
53,152 
27,370 
80,522 
At 31 May 2023
- 
34,212 
34,212 
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Etica Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
100 
100 
Amounts falling due after more than one year
Other debtors
64,001 
10,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,575 
16,629 
Taxes and social security
15,827 
33,120 
Loans from directors
(94)
823 
22,308 
50,572 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,887 
13,567 
8
Average number of employees
During the year the average number of employees was 5 (2023: 3).
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