| Registered number: 07311775 | ||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||
| Prepared By: | ||||||||
| NB Lancaster & Co | ||||||||
| Chartered Accountants | ||||||||
| 6 Brunswick Street | ||||||||
| Carlisle | ||||||||
| Cumbria | ||||||||
| CA1 1PN | ||||||||
| Eco Green Energy Centre Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Cumbria | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 07311775 | ||||||||
| BANKERS | ||||||||
| Lloyds TSB plc | ||||||||
| ACCOUNTANTS | ||||||||
| NB Lancaster & Co | ||||||||
| Chartered Accountants | ||||||||
| 6 Brunswick Street | ||||||||
| Carlisle | ||||||||
| Cumbria | ||||||||
| CA1 1PN | ||||||||
| Eco Green Energy Centre Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31/07/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Eco Green Energy Centre Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 4 | |||||||||
| 97,898 | 93,226 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT LIABILITIES | ( | (129,983) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 6 | 220,329 | 225,035 | |||||||
| NET LIABILITIES | ( | ( | ||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Profit and loss account | (157,917) | (107,432) | ||||||||
| SHAREHOLDERS' FUNDS | ( | ( | ||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Eco Green Energy Centre Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/07/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Plant and Machinery | reducing balance 25% | |||||||
| Fixtures and Fittings | reducing balance 15% | |||||||
| Equipment | straight line 33.3% | |||||||
| Motor Vehicles | reducing balance 25% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1e. Turnover | ||||||||
| Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods and the provision of services. | ||||||||
| 1f. Leases | ||||||||
| Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. | ||||||||
| Eco Green Energy Centre Limited | ||||||||
| 2. TANGIBLE FIXED ASSETS | ||||||||||
| Plant and | Fixtures | |||||||||
| Machinery | and Fittings | Equipment | Motor Vehicles | Total | ||||||
| £ | £ | £ | £ | £ | ||||||
| Cost | ||||||||||
| At 01/08/2023 | 470,074 | 6,062 | 686 | 156,698 | 633,520 | |||||
| Additions | 126,814 | - | - | 37,328 | 164,142 | |||||
| Disposals | (54,177) | - | - | - | (54,177) | |||||
| At 31/07/2024 | 542,711 | 6,062 | 686 | 194,026 | 743,485 | |||||
| Depreciation | ||||||||||
| At 01/08/2023 | 280,479 | 4,719 | 681 | 100,035 | 385,914 | |||||
| Disposals | (33,462) | - | - | - | (33,462) | |||||
| For the year | 50,195 | 201 | 5 | 16,777 | 67,178 | |||||
| At 31/07/2024 | 297,212 | 4,920 | 686 | 116,812 | 419,630 | |||||
| Net Book Amounts | ||||||||||
| At 31/07/2024 | 323,855 | |||||||||
| At 31/07/2023 | 247,606 | |||||||||
| 3. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| Work in progress | ||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 22,358 | 22,866 | ||||||
| Other debtors | 2,500 | 2,500 | ||||||
| 24,858 | 25,366 | |||||||
| Eco Green Energy Centre Limited | ||||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| VAT | 7,232 | 12,862 | ||||||
| Other tax and social security creditors | 20,124 | 48,040 | ||||||
| Directors current accounts | 34,069 | 1,931 | ||||||
| Bank loans and overdrafts | 5,838 | 6,751 | ||||||
| Bank loan | 50,200 | 50,200 | ||||||
| Hire purchase | 129,711 | 69,116 | ||||||
| Trade creditors | 101,648 | 26,576 | ||||||
| Accruals | 10,499 | 7,733 | ||||||
| 359,321 | 223,209 | |||||||
| 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Bank loans (unsecured) >1yr | 7,440 | 17,440 | ||||||
| Bank loans (secured) >1yr | 45,501 | 82,351 | ||||||
| Hire purchase >1yr | 167,388 | 125,244 | ||||||
| 220,329 | 225,035 | |||||||
| 7. SECURED CREDITORS | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Amount of bank loans and overdrafts which are secured | 85,701 | 129,306 | ||||||
| Amount of other creditors which are secured | 297,099 | 194,360 | ||||||
| The bank overdraft is secured on the assets of the company. Hire purchase creditors are secured on the assets to which the liability relates. | ||||||||
| 8. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 6 | |||||
| Eco Green Energy Centre Limited | ||||||||
| 9. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 15 | 15 | |||||||
| 5 | 5 | |||||||
| 20 | 20 | |||||||
| 10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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| 11. ADDITIONAL INFORMATION | ||||||||
| The company is a private company, limited by shares and registered in England & Wales. | ||||||||
| The company's registered number is 07311775. | ||||||||
| The company's registered office is Office 1, Geltside farm, Brampton, Cumbria CA8 1TA | ||||||||