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Ecovery Innovations Ltd

Registered Number
06759415
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

Ecovery Innovations Ltd
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

Michael Charles Keatley
Barbara Phillips
Eric John Phillips

Company Secretary

Michael Charles Keatley

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

06759415 (England and Wales)
Ecovery Innovations Ltd
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid25-
Current assets
Stocks311,4002,650
Debtors16,00654,171
Cash at bank and on hand1,6766,041
29,08262,862
Creditors amounts falling due within one year4(25,604)(52,413)
Net current assets (liabilities)3,50310,449
Total assets less current liabilities3,50310,449
Creditors amounts falling due after one year5(3,002)(8,229)
Net assets5012,220
Capital and reserves
Called up share capital125100
Other reserves(4,990)(4,990)
Profit and loss account5,3667,110
Shareholders' funds5012,220
The financial statements were approved and authorised for issue by the Board of Directors on 19 June 2025, and are signed on its behalf by:
Michael Charles Keatley
Director
Registered Company No. 06759415
Ecovery Innovations Ltd
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year34
3.Stocks

2024

2023

££
Finished goods11,4002,650
Total11,4002,650
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,97027,652
Bank borrowings and overdrafts30-
Taxation and social security7,83313,456
Other creditors10,77111,305
Total25,60452,413
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.
5.Creditors: amounts due after one year

2024

2023

££
Other creditors3,0028,229
Total3,0028,229
This is the value of the long term bounce back loan payable by the Company.