ECOTECH PROJECTS CIC

Company limited by guarantee

Company Registration Number:
14036525 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

ECOTECH PROJECTS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ECOTECH PROJECTS CIC

Balance sheet

As at 30 April 2024

Notes 2024 13 months to 30 April 2023


£

£
Current assets
Debtors: 3 1,944 7,719
Cash at bank and in hand: 11,426 894
Total current assets: 13,370 8,613
Creditors: amounts falling due within one year: 4 ( 221,224 ) ( 65,178 )
Net current assets (liabilities): (207,854) (56,565)
Total assets less current liabilities: (207,854) ( 56,565)
Accruals and deferred income: ( 399 ) ( 1,320 )
Total net assets (liabilities): (208,253) (57,885)
Members' funds
Profit and loss account: (208,253) ( 57,885)
Total members' funds: ( 208,253) (57,885)

The notes form part of these financial statements

ECOTECH PROJECTS CIC

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 February 2025
and signed on behalf of the board by:

Name: Mr Turin Bridge
Status: Director

The notes form part of these financial statements

ECOTECH PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ECOTECH PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 13 months to 30 April 2023
    Average number of employees during the period 1 1

ECOTECH PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 13 months to 30 April 2023
£ £
Other debtors 1,944 7,719
Total 1,944 7,719

ECOTECH PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 30 April 2023
£ £
Bank loans and overdrafts 111,313 26,718
Taxation and social security 10,399 12,182
Other creditors 99,512 26,278
Total 221,224 65,178

COMMUNITY INTEREST ANNUAL REPORT

ECOTECH PROJECTS CIC

Company Number: 14036525 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

EcoTech Projects continues its work to develop carbon capturing technology. This year, we started and completed our first prototype of a biochar processing machine – the Arcus. With this we prove our technological concept, and can now build larger machines. We have also begun construction of our first commercial scale biochar processing machine. It is hoped that this machine will be able to capture approx. 20,000 tonnes of carbon each year in a stable and useful form – biochar.

Consultation with stakeholders

We have begun outreach with the agricultural and construction community; attending Groundswell in June ’23 and FutureBuild in March ’24. Through these, we have made useful contacts with other business owners who use biochar. We have also begun a collaborative relationship with members of the University of Manchester, to develop carbon negative cement. From these conversations and conferences, we have come to appreciate the needs of the members of these industries, and are now tailoring our products to serve those needs. These conferences have also highlighted the need for extensive field trials, as concerns over reliable performance are paramount for this relatively untested product.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £75,000.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 August 2024

And signed on behalf of the board by:
Name: Mr Turin Bridge
Status: Director