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REGISTERED NUMBER: SC655014 (Scotland)




















ECO2020 LTD

Unaudited Financial Statements

for the Year Ended 30 June 2024






ECO2020 LTD (Registered number: SC655014)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECO2020 LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D J Fleming
Professor G Fleming
Dr K MacDougall





SECRETARY: Mr A P Walker





REGISTERED OFFICE: Unit 2b Craighall Business Park
8 Eagle Street
Glasgow
G4 9XA





REGISTERED NUMBER: SC655014 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

ECO2020 LTD (Registered number: SC655014)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 613,281 613,281
Investments 5 2,397,531 2,566,580
3,010,812 3,179,861

CURRENT ASSETS
Debtors 6 826 1,384
Cash at bank 14,787 4,921
15,613 6,305
CREDITORS
Amounts falling due within one year 7 539,961 670,861
NET CURRENT LIABILITIES (524,348 ) (664,556 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,486,464

2,515,305

CREDITORS
Amounts falling due after more than
one year

8

-

(571,675

)

PROVISIONS FOR LIABILITIES (7,051 ) -
NET ASSETS 2,479,413 1,943,630

ECO2020 LTD (Registered number: SC655014)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 705,244 705,244
Capital redemption reserve 9 50,376 50,376
Fair value reserve 9 21,153 -
Retained earnings 9 1,702,640 1,188,010
2,479,413 1,943,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 February 2025 and were signed on its behalf by:





Mr D J Fleming - Director


ECO2020 LTD (Registered number: SC655014)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

ECO2020 LTD is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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.
Land and buildings - Nil

Land and buildings are not depreciated because their expected residual value is materially different to cost.

Investments in subsidiaries
Fixed asset investments are stated at cost less any provision for impairment.

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.


ECO2020 LTD (Registered number: SC655014)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Fixed asset investments
Fixed asset investments are accounted for at fair value. Gains or losses arising in the period are recognised in the income statement and transferred to the fair value reserve. Deferred taxation is provided on any gains or losses arising and is recognised in the fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023
and 30 June 2024 613,281
NET BOOK VALUE
At 30 June 2024 613,281
At 30 June 2023 613,281

ECO2020 LTD (Registered number: SC655014)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 2,079,795 486,785 2,566,580
Additions - 450,769 450,769
Disposals - (651,577 ) (651,577 )
Revaluations - 28,283 28,283
Dividends received - 3,476 3,476
At 30 June 2024 2,079,795 317,736 2,397,531
NET BOOK VALUE
At 30 June 2024 2,079,795 317,736 2,397,531
At 30 June 2023 2,079,795 486,785 2,566,580

Cost or valuation at 30 June 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - (12,588 ) (12,588 )
Valuation in 2023 - (627 ) (627 )
Valuation in 2024 - 30,951 30,951
Cost 2,079,795 300,000 2,379,795
2,079,795 317,736 2,397,531

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Envirocentre Ltd
Registered office: Unit 2b Craighall Business Park, Eagle Street, Glasgow G4 9XA
Nature of business: Environmental project work
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves 1,530,660 1,468,156
Profit for the year 562,504 426,216

ECO2020 LTD (Registered number: SC655014)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 826 1,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 113,038 613,311
Taxation and social security 13,759 9,017
Other creditors 413,164 48,533
539,961 670,861

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 571,675

9. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 July 2023 1,188,010 50,376 - 1,238,386
Profit for the year 565,783 565,783
Dividends (30,000 ) (30,000 )
Transfer (21,153 ) - 21,153 -
At 30 June 2024 1,702,640 50,376 21,153 1,774,169