REGISTERED NUMBER: |
Ecotechnics Maritime Limited |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
REGISTERED NUMBER: |
Ecotechnics Maritime Limited |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
Ecotechnics Maritime Limited (Registered number: 08123493) |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ecotechnics Maritime Limited |
Company Information |
for the Year Ended 31 December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
97 Judd Street |
London |
WC1H 9JG |
Ecotechnics Maritime Limited (Registered number: 08123493) |
Balance Sheet |
31 December 2024 |
31/12/24 | 31/12/23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
RESERVES |
Income and expenditure account | ( |
) | ( |
) |
( |
) | ( |
) |
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 surplus or deficit 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. |
Ecotechnics Maritime Limited (Registered number: 08123493) |
Balance Sheet - continued |
31 December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Ecotechnics Maritime Limited (Registered number: 08123493) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Ecotechnics Maritime Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Ecotechnics Maritime Limited (Registered number: 08123493) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2024 |
and 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
and 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/24 | 31/12/23 |
£ | £ |
VAT |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/24 | 31/12/23 |
£ | £ |
Directors' current accounts | 15,496 | - |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/12/24 | 31/12/23 |
£ | £ |
GEC Loan |
8. | CONTINGENT LIABILITIES |
In order to facilitate the ongoing cost of operations and refurbishments to the Vessel, the two paid directors who are on payroll, Claus Tober and Christine Handte have waived their respective salaries of £17,000 (2023 - £6,725) and £10,200 (2023- £8,000) for the financial year. Total waived £23,725 and £18,200 respectively over the last two years. Should the company finances improve in the near future, they reserve the right to award themselves the waived salaries which would require the board's approval. |
Ecotechnics Maritime Limited (Registered number: 08123493) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
9. | RELATED PARTY DISCLOSURES |
The company is a 100% wholly owned subsidiary of Institute of Ecotechnics. During the year Institute of Ecotechnics received £16,750 (2023 - £60,600) on behalf of the company, which was a donation/gift aid claimed for the research vessel RV Heraclitus, owned by the company. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Institute of Ecotechnics. |
The company is a wholly owned subsidiary of Institute of Ecotechnics which is a registered charity (Companies House Number 01940123 & Registered Charity Number 1081259). |
11. | COMPANY STATUS |
The company is a private company limited by guarantee and consequently does not have share capital. The member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. |