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Company Registration No. 14137533 (England and Wales)
Econoloft Ltd Unaudited accounts for the period from 1 June 2023 to 30 November 2024
Econoloft Ltd Unaudited accounts Contents
Page
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Econoloft Ltd Company Information for the period from 1 June 2023 to 30 November 2024
Directors
John Allen Robert Livesey
Company Number
14137533 (England and Wales)
Registered Office
Unit 5 Kingfisher Court Ashton-In-Makerfield Wigan WN4 8DY United Kingdom
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Econoloft Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Intangible assets
305,452 
- 
Tangible assets
16,272 
- 
321,724 
- 
Current assets
Inventories
412,817 
- 
Debtors
4,125 
- 
Cash at bank and in hand
103,568 
- 
520,510 
- 
Creditors: amounts falling due within one year
(832,673)
- 
Net current liabilities
(312,163)
- 
Net assets
9,661 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,561 
- 
Shareholders' funds
9,661 
100 
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by
John Allen Director Company Registration No. 14137533
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Econoloft Ltd Notes to the Accounts for the period from 1 June 2023 to 30 November 2024
1
Statutory information
Econoloft Ltd is a private company, limited by shares, registered in England and Wales, registration number 14137533. The registered office is Unit 5 Kingfisher Court, Ashton-In-Makerfield, Wigan, WN4 8DY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
2 Years
Motor vehicles
5 Years
Fixtures & fittings
5 Years
Computer equipment
5 Years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Econoloft Ltd Notes to the Accounts for the period from 1 June 2023 to 30 November 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
- 
Additions
336,277 
At 30 November 2024
336,277 
Amortisation
At 1 June 2023
- 
Charge for the period
30,825 
At 30 November 2024
30,825 
Net book value
At 30 November 2024
305,452 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
- 
- 
- 
- 
- 
Additions
9,171 
9,980 
370 
1,170 
20,691 
At 30 November 2024
9,171 
9,980 
370 
1,170 
20,691 
Depreciation
Charge for the period
3,439 
832 
31 
117 
4,419 
At 30 November 2024
3,439 
832 
31 
117 
4,419 
Net book value
At 30 November 2024
5,732 
9,148 
339 
1,053 
16,272 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,125 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
19,087 
- 
Trade creditors
46,271 
- 
Taxes and social security
51,652 
- 
Other creditors
4,040 
- 
Accruals
15,900 
- 
Deferred income
695,723 
- 
832,673 
- 
8
Average number of employees
During the period the average number of employees was 15 (2023: 0).
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