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REGISTERED NUMBER: 08983556 (England and Wales)















Unaudited Financial Statements for the Year Ended 23 April 2024

for

Ecoaly Limited

Ecoaly Limited (Registered number: 08983556)






Contents of the Financial Statements
for the Year Ended 23 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ecoaly Limited

Company Information
for the Year Ended 23 April 2024







DIRECTORS: Ms S Aftab
S J A Hussain
Ms M A Siddiqui





SECRETARY: Ms M A Siddiqui





REGISTERED OFFICE: 54 Westmorland Drive
Warfield
Bracknell
RG42 3QR





REGISTERED NUMBER: 08983556 (England and Wales)





ACCOUNTANTS: WHITTINGTONS
Chartered Accountants
1 High Street
Guildford
Surrey
GU2 4HP

Ecoaly Limited (Registered number: 08983556)

Balance Sheet
23 April 2024

23.4.24 23.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 422 766

CURRENT ASSETS
Stocks 958,442 90,000
Debtors 5 1,728,744 1,046,727
Cash at bank and in hand 116,957 13,022
2,804,143 1,149,749
CREDITORS
Amounts falling due within one year 6 1,751,251 573,343
NET CURRENT ASSETS 1,052,892 576,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,053,314

577,172

CREDITORS
Amounts falling due after more than one
year

7

931,384

487,341
NET ASSETS 121,930 89,831

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 121,830 89,731
SHAREHOLDERS' FUNDS 121,930 89,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 April 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.

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 23 January 2025 and were signed on its behalf by:





Ms S Aftab - Director


Ecoaly Limited (Registered number: 08983556)

Notes to the Financial Statements
for the Year Ended 23 April 2024

1. STATUTORY INFORMATION

Ecoaly Limited 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns,rebates and other similar allowances. Turnover from the sale of goods are recognised when Eco Lighting and solar goods and services are delivered and legal title has passed to customers.

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.

Comp Softw "Online shop" has been fully amortised in the current year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

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 6 (2023 - 5 ) .

Ecoaly Limited (Registered number: 08983556)

Notes to the Financial Statements - continued
for the Year Ended 23 April 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 24 April 2023
and 23 April 2024 1,374
DEPRECIATION
At 24 April 2023 608
Charge for year 344
At 23 April 2024 952
NET BOOK VALUE
At 23 April 2024 422
At 23 April 2023 766

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.4.24 23.4.23
£    £   
Trade debtors 1,155,172 635,283
Other debtors 573,572 409,697
VAT - 1,747
1,728,744 1,046,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.4.24 23.4.23
£    £   
Bank loans and overdrafts 29,279 29,279
Trade creditors 1,278,887 231,637
Tax 25,306 18,940
Social security and other taxes 8,558 17,308
VAT 4,293 -
Other creditors 176,239 60,717
Directors' current accounts 226,509 213,412
Accrued expenses 2,180 2,050
1,751,251 573,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
23.4.24 23.4.23
£    £   
Bank loans - 2-5 years 122,396 61,453
Directors' loan accounts 808,988 425,888
931,384 487,341

Creditors more than one year includes loan of £4,000 (2023: £4,000) from Shafaq Aftab , £57,965 (2023: £57,965) from Mahwish Siddiqui and £747,023 (2023: £364,023) From Syed J A Hussain, who are all directors of the company. The loans are interest-free, unsecured and subordinated in favour of third- party creditors. The bank loan is a bounce back loan due to Covid.

Ecoaly Limited (Registered number: 08983556)

Notes to the Financial Statements - continued
for the Year Ended 23 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 23.4.24 23.4.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 24 April 2023 89,731
Profit for the year 32,099
At 23 April 2024 121,830