Echorest Limited - Filleted accounts

Registered number

12049225

Echorest Limited

Filleted Accounts

30 October 2024

Echorest Limited
Registered number:		12049225
Balance Sheet
as at 30 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		43,452			64,073

Current assets
Stocks		2,515			-
Debtors	4	5,436			-
Cash at bank and in hand		1,670			26,869
		9,621			26,869

Creditors: amounts falling due within one year	5	(90,527)			(133,501)

Net current liabilities			(80,906)			(106,632)

Total assets less current liabilities			(37,454)			(42,559)

Creditors: amounts falling due after more than one year	6		(62,566)			(33,749)



Net liabilities			(100,020)			(76,308)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(100,021)			(76,309)

Shareholder's funds			(100,020)			(76,308)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Philip McGuinness
Director
Approved by the board on 29 October 2025

Echorest Limited
Notes to the Accounts
for the year ended 30 October 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Short leasehold			20% reducing balance
	Motor vehicles			20% reducing balance
	Plant and machinery			15% reducing balance
	Fixtures, fittings, and equipment			20% reducing balance
	Other fixed asstes			8% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	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.

	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.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	The going concern basis has been applied having regard to confirmation received from the director that financial support will continue to be provided by other group companies for the foreseeable future.

	Exemption from preparing consolidated financial statements
	The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					10		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 31 October 2023	106,042		43,723		277		150,042
	Disposals	(8,789)		-		-		(8,789)
	At 30 October 2024	97,253		43,723		277		141,253

	Depreciation
	At 31 October 2023	62,608		23,201		160		85,969
	Charge for the year	8,687		3,121		24		11,832
	At 30 October 2024	71,295		26,322		184		97,801

	Net book value
	At 30 October 2024	25,958		17,401		93		43,452
	At 30 October 2023	43,434		20,522		117		64,073


4	Debtors					2024		2023
£							£

	Trade debtors and prepayments					5,436		-


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					-		31,345
	Trade creditors					38,555		57,551
	Accruals					17,219		37,560
	Taxation and social security costs					17,192		4,072
	Other creditors					17,561		2,973
						90,527		133,501


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					62,566		33,749


7	Pension commitments

	The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £3,287 (2023: £1,646) were payable to the fund at the reporting date and are included in creditors.


8	Related party transactions

	The company has taken advantage of the exemption in FRS 102 from requirements to disclose transactions with group companies.


9	Controlling party

	The company's immediate parent company is Blandfords Group Limited.


10	Other information

	Echorest Limited is a private company limited by shares and incorporated in England. Its registered office is:
	12 Crouch End Hill
	London
	N8 8AA