IRIS Accounts Production v25.2.0.378 07482518 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07482518 2024-02-29 07482518 2025-02-28 07482518 2024-03-01 2025-02-28 07482518 2023-02-28 07482518 2023-03-01 2024-02-29 07482518 2024-02-29 07482518 ns15:EnglandWales 2024-03-01 2025-02-28 07482518 ns14:PoundSterling 2024-03-01 2025-02-28 07482518 ns10:Director1 2024-03-01 2025-02-28 07482518 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07482518 ns10:SmallEntities 2024-03-01 2025-02-28 07482518 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07482518 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 07482518 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07482518 ns10:FullAccounts 2024-03-01 2025-02-28 07482518 ns10:Director2 2024-03-01 2025-02-28 07482518 ns10:CompanySecretary1 2024-03-01 2025-02-28 07482518 ns10:RegisteredOffice 2024-03-01 2025-02-28 07482518 ns5:CurrentFinancialInstruments 2025-02-28 07482518 ns5:CurrentFinancialInstruments 2024-02-29 07482518 ns5:ShareCapital 2025-02-28 07482518 ns5:ShareCapital 2024-02-29 07482518 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 07482518 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 07482518 ns5:PlantMachinery 2024-02-29 07482518 ns5:PlantMachinery 2024-03-01 2025-02-28 07482518 ns5:PlantMachinery 2025-02-28 07482518 ns5:PlantMachinery 2024-02-29 07482518 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 07482518 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 07482518 ns5:Non-currentFinancialInstruments 2025-02-28 07482518 ns5:Non-currentFinancialInstruments 2024-02-29

REGISTERED NUMBER: 07482518 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

| FOR |

| EKOTHERM LIMITED |

| EKOTHERM LIMITED (REGISTERED NUMBER: 07482518) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| EKOTHERM LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | D A Gibbons

| W Gibbons

| SECRETARY: | W Gibbons

| REGISTERED OFFICE: | Unit 9, Redlands Business Centre

| Redlands

| Coulsdon

| Surrey

| CR5 2HT

| REGISTERED NUMBER: | 07482518 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting Limited

| 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| EKOTHERM LIMITED (REGISTERED NUMBER: 07482518) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,486 |  | 1,423 |  |

CURRENT ASSETS

Debtors | 5 | 200,982 |  | 243,743 |  |

Cash at bank | 335,219 |  | 334,414 |  |

536,201 |  | 578,157 |  |

CREDITORS

Amounts falling due within one year | 6 | (153,815 | ) | (232,215 | ) |

NET CURRENT ASSETS | 382,386 |  | 345,942 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 383,872 |  | 347,365 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 383,772 |  | 347,265 |  |

383,872 |  | 347,365 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

D A Gibbons - Director

| EKOTHERM LIMITED (REGISTERED NUMBER: 07482518) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Ekotherm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Fixtures, fittings & equipment on 25% reducing balance

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| EKOTHERM LIMITED (REGISTERED NUMBER: 07482518) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

| Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

| EKOTHERM LIMITED (REGISTERED NUMBER: 07482518) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

| Deferred tax

| Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

| The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| EKOTHERM LIMITED (REGISTERED NUMBER: 07482518) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 March 2024 | 3,618 |  |

| Additions | 559 |  |

| At 28 February 2025 | 4,177 |  |

| DEPRECIATION

| At 1 March 2024 | 2,195 |  |

| Charge for year | 496 |  |

| At 28 February 2025 | 2,691 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1,486 |  |

| At 29 February 2024 | 1,423 |  |

5. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 188,556 |  | 166,946 |  |

| Other debtors | 2,780 |  | 3,840 |  |

| Prepayments and accrued income | 9,646 |  | 69,117 |  |

200,982 |  | 239,903 |  |

| Amounts falling due after more than one year:

| Other debtors | - |  | 3,840 |  |

| Aggregate amounts | 200,982 |  | 243,743 |  |

| EKOTHERM LIMITED (REGISTERED NUMBER: 07482518) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 98,305 |  | 122,302 |  |

| Tax | 32,275 |  | 29,686 |  |

| Social security and other taxes | 5,770 |  | 7,327 |  |

| Pension Creditor | 525 |  | 512 |  |

| VAT | 9,159 |  | 22,622 |  |

| Directors' current accounts | 168 |  | 168 |  |

| Accruals and deferred income | 7,613 |  | 49,598 |  |

153,815 |  | 232,215 |  |

7. | OTHER FINANCIAL COMMITMENTS

| As at 28 February 2025, the company was committed to a 10 year property lease, which commenced in June 2023 and expires in June 2033, at a rental of £12,500 per annum. The total commitment being £104,167, £91,667 of which is due in more than 1 year.