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ECO-SOLUTIONS LIMITED - Company Information

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Draft

Eco Solutions Limited

Registered Number:03211350

For the year ended 31 May 2019

England and Wales

Unaudited Financial Statements

Draft

For the year ended 31 May 2019

Eco Solutions Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Draft

As at 31 May 2019

Eco Solutions Limited

Statement of Financial Position

Registered Number :

03211350

2018

2019

Notes

Fixed assets

Intangible assets

Property, plant and equipment

1,698

942

1,699

943

Current assets

Inventories

3,708

4,040

Trade and other receivables

112,546

138,408

191,324

Cash and cash equivalents

173,104

315,552

307,578

Trade and other payables: amounts falling due within one

year

(94,957)

(103,638)

212,621

211,914

Net current assets

Total assets less current liabilities

213,613

213,564

213,613

Net assets

213,564

Capital and reserves

Called up share capital

100

Share premium account

34,990

Retained earnings

178,523

178,474

213,613

213,564

Shareholders' funds

For the year ended 31 May 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

I M Chivers Director

These financial statements were approved and authorised for issue by the Board on 26 September 2019 and were signed by:

The notes form part of these financial statements

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Draft

For the year ended 31 May 2019

Eco Solutions Limited

Notes to the Financial Statements

Statutory Information

Eco Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 03211350.

Registered address:

Summerleaze House

Church Road

Winscombe

Somerset

BS25 1BH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and development

Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assetsare 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 estimarted residual value , over their expected useful lives on the following basis:

33% Straight line

Computer equipment

25% Straight line

Fixtures and fittings

Inventories

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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Draft

For the year ended 31 May 2019

Eco Solutions Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Research &

Development

Cost or valuation

At 01 June 2018

45,972

At 31 May 2019

45,972

At 01 June 2018

45,971

At 31 May 2019

45,971

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or

valuation

At 01 June 2018

15,845

3,102

12,743

1,519

Additions

At 31 May 2019

12,743

4,621

17,364

Provision for depreciation and impairment

At 01 June 2018

14,903

2,848

12,055

Charge for year

763

591

172

At 31 May 2019

15,666

3,439

12,227

At 31 May 2019

Net book value

516

1,182

1,698

At 31 May 2018

688

254

942

4. Inventories

2018

2019

Stocks

4,040

3,708

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Draft

For the year ended 31 May 2019

Eco Solutions Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2018

2019

Trade debtors

115,955

90,693

Amounts owed by group undertakings and participating interests

2,653

Other debtors

19,800

19,200

112,546

138,408

The debtors above include the following amounts falling due after more than one year:

Amounts owed by group undertakings and participating interests

2,653

6. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

75,714

59,642

Taxation and social security

26,196

32,333

Other creditors

1,728

2,982

103,638

94,957

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