General Information
Ontime Eco Energy Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11813531, registration address Unit 44d Higher Ardwick, Manchester, M12 6DA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25.00% Straight Line
|
| Motor Vehicles |
20.00% Straight Line
|
| Computer Equipment |
25.00% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
731 |
|
15,043 |
|
1,783 |
|
17,557 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
(8,726) |
|
- |
|
(8,726) |
| At 31 March 2025 |
731 |
|
6,317 |
|
1,783 |
|
8,831 |
| Depreciation |
| At 01 April 2024 |
183 |
|
3,009 |
|
1,597 |
|
4,789 |
| Charge for year |
182 |
|
1,263 |
|
62 |
|
1,507 |
| On disposals |
- |
|
(1,745) |
|
- |
|
(1,745) |
| At 31 March 2025 |
365 |
|
2,527 |
|
1,659 |
|
4,551 |
| Net book values |
| Closing balance as at 31 March 2025 |
366 |
|
3,790 |
|
124 |
|
4,280 |
| Opening balance as at 01 April 2024 |
548 |
|
12,034 |
|
186 |
|
12,768 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
8,500 |
|
3,731 |
|
8,500 |
|
3,731 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
7,406 |
|
9,427 |
| Other Debtors |
7,668 |
|
3,524 |
| PAYE & Social Security |
0 |
|
272 |
| VAT |
1,590 |
|
0 |
|
16,664 |
|
13,223 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
11,040 |
|
92 |
| Taxation and Social Security |
2,054 |
|
8,516 |
| Other Creditors |
22,084 |
|
41,180 |
|
35,178 |
|
49,788 |
|
| 7. |
Related Party Note
Creditors due within one year includes an interest free amount of £5,151 (2024 - £20,253) due to the directors. This loan is repayable on demand.
Creditors due within one year includes and interest free amount of £16,933 (2024 - £19,675) due to the related company in which the director has controlling interest. This loan is repayable on demand.
|
3
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