REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 March 2023 to 31 August 2024 |
for |
ETHIKEL LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 March 2023 to 31 August 2024 |
for |
ETHIKEL LIMITED |
ETHIKEL LIMITED (REGISTERED NUMBER: 12471007) |
Contents of the Financial Statements |
for the period 1 March 2023 to 31 August 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ETHIKEL LIMITED |
Company Information |
for the period 1 March 2023 to 31 August 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
ETHIKEL LIMITED (REGISTERED NUMBER: 12471007) |
Statement of Financial Position |
31 August 2024 |
31/8/24 | 28/2/23 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 8 | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | (157,648 | ) | (134,727 | ) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
ETHIKEL LIMITED (REGISTERED NUMBER: 12471007) |
Statement of Financial Position - continued |
31 August 2024 |
The financial statements were approved by the director and authorised for issue on |
ETHIKEL LIMITED (REGISTERED NUMBER: 12471007) |
Notes to the Financial Statements |
for the period 1 March 2023 to 31 August 2024 |
1. | STATUTORY INFORMATION |
Ethikel Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents sales of services net of VAT and trade discounts for using the online platform . Turnover is recognised when customer goods are sold via the online platform. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Computer software will be amortised evenly over its estimated useful life of five years, once it will reach the end of its testing phase in year 3. |
Tangible fixed assets |
Computer equipment | - |
Going concern |
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. The major creditor are the directors. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
ETHIKEL LIMITED (REGISTERED NUMBER: 12471007) |
Notes to the Financial Statements - continued |
for the period 1 March 2023 to 31 August 2024 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 March 2023 |
and 31 August 2024 |
AMORTISATION |
At 1 March 2023 |
Charge for period |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 28 February 2023 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 March 2023 |
and 31 August 2024 |
DEPRECIATION |
At 1 March 2023 |
Charge for period |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 28 February 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/8/24 | 28/2/23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/8/24 | 28/2/23 |
£ | £ |
Trade creditors |
Directors' current accounts | 209,804 | 211,262 |
Accrued expenses |
ETHIKEL LIMITED (REGISTERED NUMBER: 12471007) |
Notes to the Financial Statements - continued |
for the period 1 March 2023 to 31 August 2024 |
8. | PROVISIONS FOR LIABILITIES |
31/8/24 | 28/2/23 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred |
tax |
£ |
Balance at 1 March 2023 |
Provided during period | ( |
) |
Balance at 31 August 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/8/24 | 28/2/23 |
value: | £ | £ |
Called up share capital | 100 | 100 | 100 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2023 | ( |
) |
Deficit for the period | ( |
) |
At 31 August 2024 | ( |
) |
11. | RELATED PARTY DISCLOSURES |
Included in creditors there is an amount of £209,804 (2023: £211,262) owed to the directors/shareholders. |
12. | ULTIMATE CONTROLLING PARTY |
The directors control the company by virtue of their direct interest in the whole of the issued share capital. |