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REGISTERED NUMBER: 01976186 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024

FOR

ECONOTECH LIMITED

ECONOTECH LIMITED (REGISTERED NUMBER: 01976186)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ECONOTECH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024







DIRECTORS: R. D. Twentyman
A. G. Thomas
E M Wilkinson





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 01976186 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

ECONOTECH LIMITED (REGISTERED NUMBER: 01976186)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 47,084 44,754

CURRENT ASSETS
Stocks 4 507,063 563,518
Debtors 5 733,817 917,785
Cash at bank 60 59
1,240,940 1,481,362
CREDITORS
Amounts falling due within one year 6 1,122,215 1,554,512
NET CURRENT ASSETS/(LIABILITIES) 118,725 (73,150 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,809

(28,396

)

CREDITORS
Amounts falling due after more than one
year

7

140,308

223,155
NET ASSETS/(LIABILITIES) 25,501 (251,551 )

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 19,501 (257,551 )
SHAREHOLDERS' FUNDS 25,501 (251,551 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





E M Wilkinson - Director


ECONOTECH LIMITED (REGISTERED NUMBER: 01976186)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024


1. 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2024 - 23 ) .

ECONOTECH LIMITED (REGISTERED NUMBER: 01976186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024


3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 10,360 1,693 2,930
Additions - 6,026 -
At 31 December 2024 10,360 7,719 2,930
DEPRECIATION
At 1 April 2024 6,102 525 2,852
Charge for period 4,258 1,349 15
At 31 December 2024 10,360 1,874 2,867
NET BOOK VALUE
At 31 December 2024 - 5,845 63
At 31 March 2024 4,258 1,168 78

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 256,990 44,875 316,848
Additions 8,167 7,228 21,421
At 31 December 2024 265,157 52,103 338,269
DEPRECIATION
At 1 April 2024 223,914 38,701 272,094
Charge for period 10,118 3,351 19,091
At 31 December 2024 234,032 42,052 291,185
NET BOOK VALUE
At 31 December 2024 31,125 10,051 47,084
At 31 March 2024 33,076 6,174 44,754

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 December 2024 46,800
DEPRECIATION
At 1 April 2024 18,720
Charge for period 7,020
At 31 December 2024 25,740
NET BOOK VALUE
At 31 December 2024 21,060
At 31 March 2024 28,080

ECONOTECH LIMITED (REGISTERED NUMBER: 01976186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024


4. STOCKS
31.12.24 31.3.24
£    £   
Raw materials 34,363 31,118
Work-in-progress 472,700 532,400
507,063 563,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.3.24
£    £   
Trade debtors 598,476 659,319
Other debtors 1,536 116,020
Retention 113,992 103,399
Directors' current accounts 726 726
VAT 4,465 -
Prepayments 14,622 38,321
733,817 917,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.3.24
£    £   
Bank loans and overdrafts 629,739 1,000,054
Hire purchase contracts 10,463 10,463
Trade creditors 261,331 325,507
Social security and other taxes 47,173 46,243
VAT - 17,375
Other creditors 30,654 56,568
Accrued expenses 142,855 98,302
1,122,215 1,554,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.3.24
£    £   
Bank loans - 1-2 years 100,000 100,000
Bank loans - 2-5 years 33,333 108,333
Hire purchase contracts 6,975 14,822
140,308 223,155