Ecoratio Limited - Accounts to registrar (filleted) - small 18.2

Ecoratio Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10515111 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Ecoratio Limited

Ecoratio Limited (Registered number: 10515111)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ecoratio Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: M Hollenbenders





REGISTERED OFFICE: Regus House Herald Way
Pegasus Business Park
Castle Donington
Derby
DE74 2TZ





REGISTERED NUMBER: 10515111 (England and Wales)





ACCOUNTANTS: Jeffrey Crawford & Co
Chartered Accountants
25 Castle Terrace
Edinburgh
EH1 2ER

Ecoratio Limited (Registered number: 10515111)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,171 51,273

CURRENT ASSETS
Stocks 87,662 76,938
Debtors 5 157,976 134,777
Cash at bank 44,288 25,625
289,926 237,340
CREDITORS
Amounts falling due within one year 6 370,919 317,297
NET CURRENT LIABILITIES (80,993 ) (79,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,822

)

(28,684

)

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings (64,822 ) (53,684 )
(39,822 ) (28,684 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 March 2019 and were signed by:





M Hollenbenders - Director


Ecoratio Limited (Registered number: 10515111)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Ecoratio 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Going concern
The accounts are prepared on a going concern basis as the directors are working to reverse the current year
losses and return to profits. The directors have reasonable expectation that the company has adequate resources
to continue in expectational existence for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make significant judgements and estimates.

The accounts include provision for bad debts of 50% of balances outstanding for over 90 days.

Turnover
Turnover consists of the sales value, excluding VAT, of work in the period falling within the company's ordinary
activities to supply goods and services to third parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc1-5 years

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets
have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any
affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the
carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised
immediately in profit or loss.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, directors loan and bank loan.

Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration
expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest,
and subsequently at amortised cost using the effective interest method.


Ecoratio Limited (Registered number: 10515111)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. ACCOUNTING POLICIES - continued
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.

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
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 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018 59,041
Additions 4,387
At 31 December 2018 63,428
DEPRECIATION
At 1 January 2018 7,768
Charge for year 14,489
At 31 December 2018 22,257
NET BOOK VALUE
At 31 December 2018 41,171
At 31 December 2017 51,273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 139,006 76,026
Amounts owed by group undertakings - 44,358
Other debtors 18,970 14,393
157,976 134,777

Ecoratio Limited (Registered number: 10515111)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 3,882 9,881
Amounts owed to group undertakings 322,644 261,085
Taxation and social security 23,635 18,710
Other creditors 20,758 27,621
370,919 317,297

7. RELATED PARTY DISCLOSURES

The parent undertaking of the smallest group in which the results of the company are consolidated is Cornet Cerijac Beheer BV , company registered in Netherlands with its registered address at Beatrixhaven 27, 4251 NK,
Werkendam, Netherlands.