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Registration number: 09976518

Ecovia Build Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 February 2024 to 31 December 2024

 

Ecovia Build Limited
Company Registration Number: 09976518

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Ecovia Build Limited
Company Registration Number: 09976518

Company Information

Director

Mr Justin Hyer

Registered office

226 Battersea Park Road
London
SW11 4ND


 

 

Ecovia Build Limited
Company Registration Number: 09976518

Balance Sheet as at 31 December 2024

Note

31 December
2024
£

31 January
2024
£

Fixed assets

 

Intangible assets

5

955

955

Tangible assets

6

290,519

323,566

 

291,474

324,521

Current assets

 

Debtors

7

177,300

351,223

Cash at bank and in hand

 

366,197

224,780

 

543,497

576,003

Creditors: Amounts falling due within one year

8

(777,058)

(710,513)

Net current liabilities

 

(233,561)

(134,510)

Total assets less current liabilities

 

57,913

190,011

Creditors: Amounts falling due after more than one year

8

(25,674)

(247,228)

Provisions for liabilities

(1,013)

(9,045)

Net assets/(liabilities)

 

31,226

(66,262)

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

31,126

(66,362)

Shareholders' funds/(deficit)

 

31,226

(66,262)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 31 January 2025
 

 

Ecovia Build Limited
Company Registration Number: 09976518

Balance Sheet as at 31 December 2024

.........................................
Mr Justin Hyer
Director

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
226 Battersea Park Road
London
SW11 4ND

These financial statements were authorised for issue by the director on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Motor Vehicles

25% reducing balance

Leasehold Improvements

10% reducing balance

Intangible assets

Intangible assets are recognised at cost.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Domain names

No foreseeable limit to the period over which the asset is expected to generate net cash inflows for the entity.

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 6 (2024 - 5).

4

Profit/loss before tax

Arrived at after charging/(crediting)

31 December
2024
£

31 January
2024
£

Depreciation expense

30,720

45,766

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2024

955

955

At 31 December 2024

955

955

Amortisation

Carrying amount

At 31 December 2024

955

955

At 31 January 2024

955

955

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

357,555

29,596

65,071

452,222

Additions

-

4,025

-

4,025

At 31 December 2024

357,555

33,621

65,071

456,247

Depreciation

At 1 February 2024

71,512

17,197

46,299

135,008

Charge for the period

22,167

2,295

6,258

30,720

At 31 December 2024

93,679

19,492

52,557

165,728

Carrying amount

At 31 December 2024

263,876

14,129

12,514

290,519

At 31 January 2024

286,043

18,751

18,772

323,566

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

6

Tangible assets (continued)

Included within the net book value of land and buildings above is £263,876 (2024 - £286,043) in respect of long leasehold land and buildings.
 

7

Debtors

Current

31 December
2024
£

31 January
2024
£

Trade debtors

148,373

333,584

Other debtors

28,927

17,639

 

177,300

351,223

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

31 December
2024
£

31 January
2024
£

Due within one year

 

Bank borrowings

 

13,408

38,997

HP and finance lease liabilities

 

-

8,033

Trade payables

 

236,258

544,973

Taxation and social security

 

170,445

115,624

Accruals and deferred income

 

335,139

-

Other creditors

11

21,808

2,886

 

777,058

710,513

Creditors: amounts falling due after more than one year

31 December
2024
£

31 January
2024
£

Due after one year

Other borrowings

25,674

247,228

9

Share capital

Allotted, called up and fully paid shares

31 December
2024

31 January
2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Loans and borrowings

Non-current loans and borrowings

 

Ecovia Build Limited
Company Registration Number: 09976518

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

10

Loans and borrowings (continued)

31 December
2024
£

31 January
2024
£

Other borrowings

25,674

247,228

Current loans and borrowings

31 December
2024
£

31 January
2024
£

Bank borrowings

13,408

38,997

Finance lease liabilities

-

8,033

13,408

47,030

11

Related party transactions

On 31 December 2024, the company owed £25,674 ( 31 Jan 2024: £247,228) to the company director. The amount advanced by the director was £nil (31 Jan 2024:£90,510) and the amount repaid was £221,554 (31 Jan 2024:£22,350).