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REGISTERED NUMBER: 03405980 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ethical Computing Ltd

Ethical Computing Ltd (Registered number: 03405980)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ethical Computing Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: T Curtis
Mrs C Curtis





REGISTERED OFFICE: 54 Dawlish Avenue
Palmers Green
London
N13 4HP





REGISTERED NUMBER: 03405980 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

Ethical Computing Ltd (Registered number: 03405980)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 157

CURRENT ASSETS
Cash at bank 181,368 276,801

CREDITORS
Amounts falling due within one year 5 2,033 3,938
NET CURRENT ASSETS 179,335 272,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,335

273,020

PROVISIONS FOR LIABILITIES - 108
NET ASSETS 179,335 272,912

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 179,325 272,902
SHAREHOLDERS' FUNDS 179,335 272,912

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 March 2025 and were signed on its behalf by:





T Curtis - Director


Ethical Computing Ltd (Registered number: 03405980)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ethical Computing Ltd 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, 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.
Fixtures and fittings - Straight line over 3 years
Computer equipment - 33% on reducing balance

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 NIL (2023 - 1 ).

Ethical Computing Ltd (Registered number: 03405980)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 998 6,327 7,325
DEPRECIATION
At 1 August 2023 876 6,292 7,168
Charge for year 122 35 157
At 31 July 2024 998 6,327 7,325
NET BOOK VALUE
At 31 July 2024 - - -
At 31 July 2023 122 35 157

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Social security and other taxes 355 355
VAT 700 559
Directors' current accounts 56 1,706
Accruals and deferred income 922 1,318
2,033 3,938

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amounts owed by the company to its directors is £56 (2023 - £1,706). This loan is interest free and repayable on demand.