IRIS Accounts Production v24.3.2.46 07803573 director 30.6.23 29.6.24 29.6.24 false true false false true false Ordinary 1.00000 B shares 1.00000 C Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078035732023-06-29078035732024-06-29078035732023-06-302024-06-29078035732022-06-29078035732022-06-302023-06-29078035732023-06-2907803573ns15:EnglandWales2023-06-302024-06-2907803573ns14:PoundSterling2023-06-302024-06-2907803573ns10:Director12023-06-302024-06-2907803573ns10:PrivateLimitedCompanyLtd2023-06-302024-06-2907803573ns10:SmallEntities2023-06-302024-06-2907803573ns10:AuditExempt-NoAccountantsReport2023-06-302024-06-2907803573ns10:SmallCompaniesRegimeForDirectorsReport2023-06-302024-06-2907803573ns10:SmallCompaniesRegimeForAccounts2023-06-302024-06-2907803573ns10:FullAccounts2023-06-302024-06-2907803573ns10:OrdinaryShareClass12023-06-302024-06-2907803573ns10:OrdinaryShareClass22023-06-302024-06-2907803573ns10:OrdinaryShareClass32023-06-302024-06-2907803573ns10:RegisteredOffice2023-06-302024-06-2907803573ns5:CurrentFinancialInstruments2024-06-2907803573ns5:CurrentFinancialInstruments2023-06-2907803573ns5:Non-currentFinancialInstruments2024-06-2907803573ns5:Non-currentFinancialInstruments2023-06-2907803573ns5:ShareCapital2024-06-2907803573ns5:ShareCapital2023-06-2907803573ns5:RetainedEarningsAccumulatedLosses2024-06-2907803573ns5:RetainedEarningsAccumulatedLosses2023-06-2907803573ns5:MotorVehicles2023-06-302024-06-2907803573ns5:ComputerEquipment2023-06-302024-06-2907803573ns5:PlantMachinery2023-06-2907803573ns5:FurnitureFittings2023-06-2907803573ns5:MotorVehicles2023-06-2907803573ns5:ComputerEquipment2023-06-2907803573ns5:PlantMachinery2023-06-302024-06-2907803573ns5:FurnitureFittings2023-06-302024-06-2907803573ns5:PlantMachinery2024-06-2907803573ns5:FurnitureFittings2024-06-2907803573ns5:MotorVehicles2024-06-2907803573ns5:ComputerEquipment2024-06-2907803573ns5:PlantMachinery2023-06-2907803573ns5:FurnitureFittings2023-06-2907803573ns5:MotorVehicles2023-06-2907803573ns5:ComputerEquipment2023-06-2907803573ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-2907803573ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-2907803573ns10:OrdinaryShareClass12024-06-2907803573ns10:OrdinaryShareClass22024-06-2907803573ns10:OrdinaryShareClass32024-06-29078035731ns10:Director12023-06-29078035731ns10:Director12022-06-29078035731ns10:Director12023-06-302024-06-29078035731ns10:Director12022-06-302023-06-29078035731ns10:Director12024-06-29078035731ns10:Director12023-06-29
REGISTERED NUMBER: 07803573 (England and Wales)

















Unaudited Financial Statements for the Year Ended 29 June 2024

for

Eco-FX Limited

Eco-FX Limited (Registered number: 07803573)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Eco-FX Limited

Company Information
for the Year Ended 29 June 2024







DIRECTOR: Mr J P Gibb





REGISTERED OFFICE: C/O Sutton Mcgrath Ltd 5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 07803573 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Eco-FX Limited (Registered number: 07803573)

Statement of Financial Position
29 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 2,852 2,448

CURRENT ASSETS
Inventories 24,000 24,000
Debtors 5 26,701 14,462
Cash at bank 29,067 35,770
79,768 74,232
CREDITORS
Amounts falling due within one year 6 48,299 18,036
NET CURRENT ASSETS 31,469 56,196
TOTAL ASSETS LESS CURRENT LIABILITIES 34,321 58,644

CREDITORS
Amounts falling due after more than one
year

7

32,329

37,658
NET ASSETS 1,992 20,986

CAPITAL AND RESERVES
Called up share capital 8 201 201
Retained earnings 1,791 20,785
SHAREHOLDERS' FUNDS 1,992 20,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Eco-FX Limited (Registered number: 07803573)

Statement of Financial Position - continued
29 June 2024


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 director and authorised for issue on 27 March 2025 and were signed by:





Mr J P Gibb - Director


Eco-FX Limited (Registered number: 07803573)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Eco-FX 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
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on cost
Office equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Eco-FX Limited (Registered number: 07803573)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 30 June 2023 3,316 8,532 10,555 5,603 28,006
Additions 107 - - 1,081 1,188
At 29 June 2024 3,423 8,532 10,555 6,684 29,194
DEPRECIATION
At 30 June 2023 2,545 8,353 10,549 4,111 25,558
Charge for year 204 69 6 505 784
At 29 June 2024 2,749 8,422 10,555 4,616 26,342
NET BOOK VALUE
At 29 June 2024 674 110 - 2,068 2,852
At 29 June 2023 771 179 6 1,492 2,448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 21,311 -
Amounts owed by associates 5,000 -
Other debtors 390 14,462
26,701 14,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 5,329 5,198
Trade creditors 3,121 2,353
Taxation and social security 22,366 7,906
Other creditors 17,483 2,579
48,299 18,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 32,329 37,658

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,630 15,519

Eco-FX Limited (Registered number: 07803573)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
166 Ordinary £1 126 126
34 B shares £1 74 74
1 C Shares £1 1 1
201 201

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 June 2024 and 29 June 2023:

2024 2023
£ £
Mr J P Gibb
Balance outstanding at start of year 14,326 42,243
Amounts advanced 53,483 81,887
Amounts repaid (67,863 ) (109,804 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (54 ) 14,326

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Gibb.