Ecosphere Global Logistics (UK) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12534835

Ecosphere Global Logistics (UK) Ltd

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Ecosphere Global Logistics (UK) Ltd

Financial Statements

Year ended 31 December 2024

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

Ecosphere Global Logistics (UK) Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	2,487	5,699

Current assets

Debtors	6	1,128,329	812,517
Cash at bank and in hand		62,884	192,914
		------------	------------
		1,191,213	1,005,431

Creditors: amounts falling due within one year	7	638,863	426,626
		------------	------------
Net current assets		552,350	578,805
		---------	---------
Total assets less current liabilities		554,837	584,504

Provisions	8	18,248	–
		---------	---------
Net assets		573,085	584,504
		---------	---------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		572,985	584,404
		---------	---------
Shareholders funds		573,085	584,504
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ecosphere Global Logistics (UK) Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 21 August 2025 , and are signed on behalf of the board by:

Mr Glyn Leslie Smith

Director

Company registration number: 12534835

Ecosphere Global Logistics (UK) Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Romalco House, 49 Guildford Road, Bagshot, GU19 5NG, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

Trade receivables

Trade receivables do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.

Trade payables

Trade payables do not carry any interest and are stated at their original invoice value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures, fittings and equipment	-	Straight line over 3 years

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).

5. Tangible assets

	Fixtures, fittings & equipment
	£
Cost
At 1 January 2024	21,102
Additions	1,002
	--------
At 31 December 2024	22,104
	--------
Depreciation
At 1 January 2024	15,403
Charge for the year	4,214
	--------
At 31 December 2024	19,617
	--------
Carrying amount
At 31 December 2024	2,487
	--------
At 31 December 2023	5,699
	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	626,961	338,312
Amounts owed by group undertakings and undertakings in which the company has a participating interest	288,077	382,493
Other debtors	213,291	91,712
	------------	---------
	1,128,329	812,517
	------------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	614,726	400,390
Social security and other taxes	–	1,799
Other creditors	24,137	24,437
	---------	---------
	638,863	426,626
	---------	---------

8. Provisions

	Deferred tax (note 9)
	£
At 1 January 2024	–
Charge against provision	( 18,248)
	--------
At 31 December 2024	( 18,248)
	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 8)	( 18,248)	–
	--------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Unused tax losses	( 18,248)	–
	--------	----

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Operating leases

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	32,712	15,715
Later than 1 year and not later than 5 years	99,428	29,553
	---------	--------
	132,140	45,268
	---------	--------

12. Related party transactions

The company entered into the following related party transactions during the year:

Nature of Relationship	Transaction Type	2024	2023
		£

	Immediate parent company	Balance due to/(from)	(198,583)	(252,852)

		Management charges paid to	403,507	553,657