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REGISTERED NUMBER: SC513239 (Scotland)















Unaudited Financial Statements For The Year Ended 31 August 2024

for

Ecocel Services Ltd

Ecocel Services Ltd (Registered number: SC513239)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ecocel Services Ltd

Company Information
For The Year Ended 31 August 2024







DIRECTORS: J M Glover
A R Khanna
K Michalopoulou
N A Wilson





REGISTERED OFFICE: 6-10 Kelvin Avenue
Nethermains Industrial Estate
Kilwinning
KA13 6PS





REGISTERED NUMBER: SC513239 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Ecocel Services Ltd (Registered number: SC513239)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 789,176 789,176
Tangible assets 5 421,240 272,895
Investment property 6 110,000 110,000
1,320,416 1,172,071

CURRENT ASSETS
Stocks 586,483 624,205
Debtors 7 911,832 288,742
Cash at bank 237,272 49,333
1,735,587 962,280
CREDITORS
Amounts falling due within one year 8 812,796 1,034,999
NET CURRENT ASSETS/(LIABILITIES) 922,791 (72,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,243,207

1,099,352

CREDITORS
Amounts falling due after more than one
year

9

(891,559

)

(165,505

)

PROVISIONS FOR LIABILITIES (105,300 ) (222,694 )
NET ASSETS 1,246,348 711,153

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 350,460 350,460
Retained earnings 895,688 360,493
1,246,348 711,153

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Ecocel Services Ltd (Registered number: SC513239)

Statement of Financial Position - continued
31 August 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





N A Wilson - Director


Ecocel Services Ltd (Registered number: SC513239)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ecocel Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixed plant and equipment - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


Ecocel Services Ltd (Registered number: SC513239)

Notes to the Financial Statements - continued
For The Year Ended 31 August 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 September 2023
and 31 August 2024 789,176
NET BOOK VALUE
At 31 August 2024 789,176
At 31 August 2023 789,176

Ecocel Services Ltd (Registered number: SC513239)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixed plant Fixtures
and and Motor Computer
equipment fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2023 317,821 4,305 105,980 14,215 442,321
Additions 118,059 - 77,453 7,965 203,477
At 31 August 2024 435,880 4,305 183,433 22,180 645,798
DEPRECIATION
At 1 September 2023 94,367 3,856 61,488 9,715 169,426
Charge for year 37,754 299 14,820 2,259 55,132
At 31 August 2024 132,121 4,155 76,308 11,974 224,558
NET BOOK VALUE
At 31 August 2024 303,759 150 107,125 10,206 421,240
At 31 August 2023 223,454 449 44,492 4,500 272,895

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 September 2023
and 31 August 2024 110,000
NET BOOK VALUE
At 31 August 2024 110,000
At 31 August 2023 110,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 756,580 77,449
Other debtors 155,252 41,046
Tax - 170,000
Prepayments and accrued income - 247
911,832 288,742

Ecocel Services Ltd (Registered number: SC513239)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 13,731 27,959
Hire purchase contracts 15,880 24,217
Trade creditors 166,212 64,567
Tax 20,818 -
Social security and other taxes 31,403 10,332
VAT 154,213 45,474
Other creditors 36,668 115,882
Directors' current accounts 368,771 741,618
Accrued expenses 5,100 4,950
812,796 1,034,999

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 13,731 13,789
Bank loans - 2-5 years 7,429 20,000
Hire purchase contracts 25,835 41,716
Other creditors 844,564 90,000
891,559 165,505

10. RELATED PARTY DISCLOSURES

Included within other debtors as at 31 August 2024, is an amount of £149,398 (2023, £28,848 ) due from Ecocel
Energy (Storage) Ltd, a company in which is under common control.

Also included within other creditors as at 31 August 2024, is an amount of £844,564 due to Techmar Services Ltd, a shareholder of the company.

The above amounts are unsecured, interest free and repayable upon demand.