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REGISTERED NUMBER: 11480845 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024

FOR

ECONOMAD SOLUTIONS LTD

ECONOMAD SOLUTIONS LTD (REGISTERED NUMBER: 11480845)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ECONOMAD SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Dr I Adler
Mr O Demenko





REGISTERED OFFICE: Rothamsted Enterprises
Daniel Hall, Room 202
Harpenden
Hertfordshire
AL5 2JQ





REGISTERED NUMBER: 11480845 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

ECONOMAD SOLUTIONS LTD (REGISTERED NUMBER: 11480845)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,420 -

CURRENT ASSETS
Stocks 5,318 -
Debtors 24,877 25,963
Cash at bank 83,908 18,666
114,103 44,629
CREDITORS
Amounts falling due within one year 31,314 172,002
NET CURRENT ASSETS/(LIABILITIES) 82,789 (127,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,209

(127,373

)

CAPITAL AND RESERVES
Called up share capital 6 159 137
Share premium 334,974 74,996
Retained earnings (241,924 ) (202,506 )
SHAREHOLDERS' FUNDS 93,209 (127,373 )

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

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

ECONOMAD SOLUTIONS LTD (REGISTERED NUMBER: 11480845)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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 Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:




Mr O Demenko - Director



Dr I Adler - Director


ECONOMAD SOLUTIONS LTD (REGISTERED NUMBER: 11480845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Economad Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date, the company's liabilities exceed its assets. The company has received assurances from its shareholders that they will continue to give full financial support to the company for the next twelve months.

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.
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

ECONOMAD SOLUTIONS LTD (REGISTERED NUMBER: 11480845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 13,893
At 31 July 2024 13,893
DEPRECIATION
Charge for year 3,473
At 31 July 2024 3,473
NET BOOK VALUE
At 31 July 2024 10,420

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
158,940 Ordinary 0.001 159 137

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Dr I Adler
Balance outstanding at start of year (6,026 ) (4,205 )
Amounts advanced 43,313 21,535
Amounts repaid (37,293 ) (23,356 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6 ) (6,026 )

Mr O Demenko
Balance outstanding at start of year 51 (296 )
Amounts advanced 6,266 17,863
Amounts repaid (6,317 ) (17,516 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 51