Registered number
13598010
Earthcott Limited
Filleted Accounts
30 September 2024
Earthcott Limited
Registered number: 13598010
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 43,682 32,377
Current assets
Debtors 4 135,714 32,019
Cash at bank and in hand 926,418 41,377
1,062,132 73,396
Creditors: amounts falling due within one year 5 (370,507) (51,999)
Net current assets 691,625 21,397
Total assets less current liabilities 735,307 53,774
Provisions for liabilities (10,921) (7,006)
Net assets 724,386 46,768
Capital and reserves
Called up share capital 100 100
Profit and loss account 724,286 46,668
Shareholders' funds 724,386 46,768
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D J Taylor
Director
Approved by the board on 5 June 2025
Earthcott Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% on reducing balance basis
Plant and machinery 25% on reducing balance basis
Fixtures, fittings, tools and equipment 25% on reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 3,939 53,308 57,247
Additions 1,118 24,747 25,865
At 30 September 2024 5,057 78,055 83,112
Depreciation
At 1 October 2023 1,548 23,322 24,870
Charge for the year 877 13,683 14,560
At 30 September 2024 2,425 37,005 39,430
Net book value
At 30 September 2024 2,632 41,050 43,682
At 30 September 2023 2,391 29,986 32,377
4 Debtors 2024 2023
£ £
Trade debtors 27,600 22,215
Other debtors 108,114 9,804
135,714 32,019
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1,378
Taxation and social security costs 363,508 50,621
Other creditors 6,999 -
370,507 51,999
6 Directors loan account
Description and conditions B/fwd Loans from Loans to C/fwd
£ £ £ £
Mr D J Taylor
Loan 545 6,463 (87,842) (80,834)
The above loan which incurred interest at 2.5% pa, is included within other debtors.
545 6,463 (87,842) (80,834)
7 Related party transactions
During the year, total dividends of £72,000 (2023 - £88,000) were paid to the director.
At the reporting date Moblake Limited now dissolved, and a former company under common control owed £nil (2023 - £1,033).
8 Controlling party
The company is controlled by Mr David James Taylor, the sole director an owner of the entire issued share capital in the company.
9 Other information
Earthcott Limited is a private company limited by shares and incorporated in England. Its registered office is:
141 Lower Marsh
London
SE1 7EA
Earthcott Limited 13598010 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Mr D J Taylor No description of principal activity 13598010 2022-10-01 2023-09-30 13598010 core:WithinOneYear 2023-09-30 13598010 core:ShareCapital 2023-09-30 13598010 core:RetainedEarningsAccumulatedLosses 2023-09-30 13598010 2023-10-01 2024-09-30 13598010 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13598010 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13598010 bus:Director40 2023-10-01 2024-09-30 13598010 1 2023-10-01 2024-09-30 13598010 2 2023-10-01 2024-09-30 13598010 core:PlantMachinery 2023-10-01 2024-09-30 13598010 core:Vehicles 2023-10-01 2024-09-30 13598010 bus:Director1 2023-10-01 2024-09-30 13598010 bus:Director1 1 2023-10-01 2024-09-30 13598010 countries:England 2023-10-01 2024-09-30 13598010 bus:FRS102 2023-10-01 2024-09-30 13598010 bus:FilletedAccounts 2023-10-01 2024-09-30 13598010 2024-09-30 13598010 core:WithinOneYear 2024-09-30 13598010 core:ShareCapital 2024-09-30 13598010 core:RetainedEarningsAccumulatedLosses 2024-09-30 13598010 core:PlantMachinery 2024-09-30 13598010 core:Vehicles 2024-09-30 13598010 bus:Director1 1 2024-09-30 13598010 2023-09-30 13598010 core:PlantMachinery 2023-09-30 13598010 core:Vehicles 2023-09-30 13598010 bus:Director1 1 2023-09-30 iso4217:GBP xbrli:pure