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Registration number: 10721460

My Eco Space Group Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

My Eco Space Group Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

My Eco Space Group Limited

Company Information





 

Director




 

Mr Kevin John Moore

Registered office





 

T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

My Eco Space Group Limited

Director's Report
for the Year Ended 30 April 2024

The director presents his report and the financial statements for the year ended 30 April 2024.

Director of the company

The director who held office during the year was as follows:

Mr Kevin John Moore

Principal activity

The principal activity of the company is the development of building projects.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 16 January 2025
 

.........................................
Mr Kevin John Moore
Director

 

My Eco Space Group Limited

(Registration number: 10721460 )
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

18,000

-

Tangible assets

5

6,207

8,658

 

24,207

8,658

Current assets

 

Stocks

6

7,821

9,269

Debtors

7

-

710

Cash at bank and in hand

 

22,811

59,012

 

30,632

68,991

Creditors: Amounts falling due within one year

8

(52,772)

(59,345)

Net current (liabilities)/assets

 

(22,140)

9,646

Net assets

 

2,067

18,304

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

2,065

18,302

Shareholders' funds

 

2,067

18,304

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 January 2025
 

 

My Eco Space Group Limited

(Registration number: 10721460 )
Balance Sheet as at 30 April 2024

.........................................
Mr Kevin John Moore
Director

 

My Eco Space Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR
United Kingdom

These financial statements were authorised for issue by the director on 16 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

My Eco Space Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

30% on reducing balance

Plant and machinery

20% on reducing balance

Motor vehicles

25% on reducing balance

Stocks

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

My Eco Space Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

4

Intangible assets

Software
£

Total
£

Cost or valuation

Additions acquired separately

20,000

20,000

At 30 April 2024

20,000

20,000

Amortisation

Amortisation charge

2,000

2,000

At 30 April 2024

2,000

2,000

Carrying amount

At 30 April 2024

18,000

18,000

5

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

2,734

18,935

21,669

At 30 April 2024

2,734

18,935

21,669

Depreciation

At 1 May 2023

1,273

11,738

13,011

Charge for the year

292

2,159

2,451

At 30 April 2024

1,565

13,897

15,462

Carrying amount

At 30 April 2024

1,169

5,038

6,207

At 30 April 2023

1,461

7,197

8,658

6

Stocks

2024
£

2023
£

Other inventories

7,821

9,269

 

My Eco Space Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

-

470

Prepayments

-

240

 

-

710

 

My Eco Space Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

33,796

39,352

Trade creditors

 

-

5,497

Taxation and social security

 

7,777

3,437

Accruals and deferred income

 

750

740

Other creditors

 

10,449

10,319

 

52,772

59,345

Creditors: amounts falling due after more than one year

2024
£

2023
£

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

10

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

33,796

39,352