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Registered number: SC339323
ECOMETRICA LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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ECOMETRICA LIMITED
REGISTERED NUMBER: SC339323
STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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Capital redemption reserve
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject
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ECOMETRICA LIMITED
REGISTERED NUMBER: SC339323
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024
to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 5 to 16 form part of these financial statements.
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ECOMETRICA LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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Capital redemption reserve
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Comprehensive income for the year
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Total comprehensive income for the year
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Comprehensive income for the year
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Total comprehensive income for the year
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Comprehensive income for the 18 months
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Total comprehensive income for the 18 months
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Contributions by and distributions to owners
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Shares issued during the 18 months
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Transfer to/from profit and loss account
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Total transactions with owners
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ECOMETRICA LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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Comprehensive income for the 18 months
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Total comprehensive income for the 18 months
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Contributions by and distributions to owners
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Shares issued during the 18 months
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Transfer to/from profit and loss account
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Total transactions with owners
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The notes on pages 5 to 16 form part of these financial statements.
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
Ecometrica Limited (registered number SC339323) whose registered office is at Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS is a company registered in Scotland.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The trade and assets of the company were hived up to a group entity in the year and the company ceased trading. Therefore these accounts have been prepared on a basis other than as a going concern.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Speficially, the group accounts for and realises revenue on SaaS software contracts when the service is delivered, and holds the pre-paid elements of any licence as deferred income in line with general practice for software sales of this nature.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the 18 months comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Revaluation of tangible fixed assets
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Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
(i) Financial assets
Basic financial assets, including trade & other debtors, are initially recognised at transaction price,
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
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Financial instruments (continued)
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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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and loans from other third parties, 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 receipts discounted at a market rate of interest.
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. Creditors 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.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Fair value models assume that the effective rate of interest to be used for valuing fair value is that rate at which the company can obtain external finance.
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The average monthly number of employees, including directors, during the 18 months was 15 (2023 - 38).
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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Charge for the 18 months on owned assets
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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Charge for the 18 months on owned assets
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Investments in subsidiary companies
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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Due after more than one year
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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Creditors: Amounts falling due after more than one year
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
11.Deferred taxation (continued)
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The deferred taxation balance is made up as follows:
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Accelerated capital allowances
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Allotted, called up and fully paid
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120,735 (2023 - 120,050) Ordinary shares of £1.00 each
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685 Ordinary shares of £1 each were issued for a consideration of £30,825 during the period.
Certain employees were previously granted EMI share options over Ordinary shares of the company.
At the start of the year, 9,775 options were outstanding with an exercise price of £45 each.
All the options were cancelled when the company was purchased by EcoOnline UK Limited during the period.
No charge relating to the option scheme has been included in these or previous financial statements.
During the period the trade and assets of the company were transferred up to the parent entity and this company became dormant. Therefore the activities of the company are shown as discontinued in the Statement of Comprehensive Income.
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
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Commitments under operating leases
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At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Related party transactions
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The Company has taken advantage of the exemptions granted by FRS 102 from the requirement to make disclosures concerning related parties within the group on the grounds that consolidated financial statements are prepared.
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The immediate parent entity is EcoOnline UK Limited.
The ultimate beneficial owner is the Apex X Fund registered in Guernsey.
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ECOMETRICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS ENDED 30 SEPTEMBER 2024
The auditors' report on the financial statements for the 18 months ended 30 September 2024 was qualified.
The qualification in the audit report was as follows:
Disclaimer of opinion
We have been engaged to audit the financial statements of Ecometrica Limited (the 'Company') for the period ended 30 September 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We do not express an opinion on the accompanying financial statements of the Company. Because of the significance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.
Basis for qualified opinion
During the period the Company was purchased by Ecoonline UK Limited and after the transaction, the original finance team of Ecometrica Limited has changed. As a result of this, there were several balances where we could not obtain sufficient audit evidence to express an opinion on these accounts.
∙We were unable to reconcile turnover totalling £5,016,836 to a sale listing. Therefore we are unable to express an opinion over the completeness of sales.
∙We were unable to obtain sufficient audit evidence over items included within Cost of sales. Therefore we are unable to express an opinion over Cost of sales totalling £802,288.
∙Included within Administrative expenses were various costs associated with the purchase of the Company and the hive up of the trade to the parent which we were unable to verify to source documentation. Therefore we are unable to express an opinion over Administrative expenses totalling £21,677,019.
∙We were unable to reconcile the share premium account to underlying records. Therefore we are unable to express an opinion over the Share Premium account totalling £2,885,561.
∙This was the first year the company was audited and we were unable to satisfy ourselves with the comparitive information. Therefore we are unable to express an opinion on the comparitive information for the year ended 31 March 2023.
∙In prior years there were share options issued. We were unable to verify the value of these options and therefore any share based payment charge. These accounts do not contain all the various share based payment disclosures requried by FRS102. Therefore we were unable to quantify the financial effects of this departure from FRS 102.
As a result of these issues we were unable to satisfy ourselves over the reliability of the financial statements as a whole.
The audit report was signed on 12 January 2026 by Nick Bishop FCA (Senior statutory auditor) on behalf of BKL Audit LLP.
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