EKO Utility (UK) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10423221

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		211		875

			211		875
CURRENT ASSETS
Stocks	5	131,444		99,886
Debtors	6	539,256		345,284
Cash at bank and in hand		474,726		395,573

		1,145,426		840,743
Creditors: Amounts Falling Due Within One Year	7	(891,312 )		(687,374 )

NET CURRENT ASSETS (LIABILITIES)			254,114		153,369

TOTAL ASSETS LESS CURRENT LIABILITIES			254,325		154,244

Creditors: Amounts Falling Due After More Than One Year	8		(444,151 )		(444,151 )

NET LIABILITIES			(189,826 )		(289,907 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(189,926 )		(290,007 )

SHAREHOLDERS' FUNDS			(189,826)		(289,907)

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EKO Utility (UK) Limited

Balance Sheet (continued)

As At 31 December 2024

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.

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms S Li

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

EKO Utility (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10423221 . The registered office is Unit 10, First Avenue, Globe Business Park, Marlow, Buckinghamshire, SL7 1YA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

Although the balance sheet is currently negative, the directors have indicated their willingness to support the company for the foreseeable future, a period not anticipated to be less than one year.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	over 4 years
Computer Equipment	over 2 years

2.5. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2.6. Financial Instruments

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

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.

2.7. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and

liabilities are not discounted.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 4)

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EKO Utility (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	379	5,228	5,607
Additions	147	-	147
Disposals	(379 )	(3,817 )	(4,196 )

As at 31 December 2024	147	1,411	1,558

Depreciation
As at 1 January 2024	63	4,669	4,732
Provided during the period	12	392	404
Disposals	(63 )	(3,726 )	(3,789 )

As at 31 December 2024	12	1,335	1,347

Net Book Value
As at 31 December 2024	135	76	211

As at 1 January 2024	316	559	875

5. Stocks

	2024	2023
	£	£
Stock	131,444	99,886

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	229,791	210,214
Prepayments and accrued income	7,951	4,146
Other debtors	301,514	130,924

	539,256	345,284

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	819,287	613,158
Other taxes and social security	2,057	832
VAT	53,295	45,288
Other creditors	268	1,077
Accruals and deferred income	16,405	27,019

	891,312	687,374

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to related parties	444,151	444,151

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EKO Utility (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	3,000	3,000

	3,000	3,000

11. Related Party Transactions

During the period the company purchased goods amounting to £551,145 (2023: £510,699) from, and recharged costs of £304,716 (2023: £444,971) to EKO International, a company in which Mr Y Chen has a controlling interest. These goods were purchased on an arms length basis. The combined balance owed to EKO International at 31 December 2024 was £868,096 (2023: £871,628) of which £444,151 (2023: £444,151) was included in creditors: amounts falling due after more than one year.

12. Ultimate Controlling Party

The company's ultimate controlling party is Ms Maggie Yang Chen by virtue of her ownership of 60% of the issued share capital in the company.

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