Eco 247 Ltd

Unaudited Financial Statements for the Year Ended 30 November 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A M Ghani

REGISTERED OFFICE:

5B New Vision Business Park

Glascoed Road

St Asaph

Denbighshire

LL17 0LP

REGISTERED NUMBER:

13751925 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

223,197

190,085

CURRENT ASSETS

Stocks

44,012

17,078

Debtors

5

3,412,132

778,471

Cash at bank and in hand

477,780

600,608

3,933,924

1,396,157

CREDITORS

Amounts falling due within one year

6

2,450,044

1,239,738

NET CURRENT ASSETS

1,483,880

156,419

TOTAL ASSETS LESS CURRENT LIABILITIES

1,707,077

346,504

CREDITORS

Amounts falling due after more than one year

7

(130,593

)

(171,746

)

PROVISIONS FOR LIABILITIES

(55,799

)

-

NET ASSETS

1,520,685

174,758

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,520,683

174,756

1,520,685

174,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2025 and were signed by:

A M Ghani - Director

1.	STATUTORY INFORMATION

Eco 247 Ltd 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

224,291

Additions

176,165

Disposals

(125,695

)

At 30 November 2024

274,761

DEPRECIATION

At 1 December 2023

34,206

Charge for year

36,212

Eliminated on disposal

(18,854

)

At 30 November 2024

51,564

NET BOOK VALUE

At 30 November 2024

223,197

At 30 November 2023

190,085

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2023

215,225

Additions

166,090

Disposals

(125,695

)

At 30 November 2024

255,620

DEPRECIATION

At 1 December 2023

32,284

Charge for year

32,517

Eliminated on disposal

(18,854

)

At 30 November 2024

45,947

NET BOOK VALUE

At 30 November 2024

209,673

At 30 November 2023

182,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

219,111

133,979

Other debtors

3,193,021

644,492

3,412,132

778,471

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

7,272

Hire purchase contracts

51,487

26,249

Trade creditors

1,495,527

858,686

Taxation and social security

856,165

345,031

Other creditors

46,865

2,500

2,450,044

1,239,738

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

130,593

171,746

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

£

A M Ghani

Balance outstanding at start of year

135,591

-

Amounts advanced

137,548

135,591

Amounts repaid

(135,591

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

137,548

135,591