Ecotecworld Limited - Period Ending 2014-08-31

Registration number: 07332022

Ecotecworld Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Ecotecworld Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Ecotecworld Limited
(Registration number: 07332022)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Current assets
Stocks					-			204,412
Debtors					1,900,681			9,677
Cash at bank and in hand					254,914			6,322
					2,155,595			220,411
Creditors: Amounts falling due within one year					(2,466,891)			(222,507)
Net liabilities					(311,296)			(2,096)
Capital and reserves
Called up share capital		2			2			1,000
Profit and loss account					(311,298)			(3,096)
Shareholders' deficit					(311,296)			(2,096)

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 29 May 2015

.........................................
N Criado-Perez
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Ecotecworld Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The company net liabilities as at the year end, but these are covered by significant post year end sales. For this reason the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities

Stock

Revenue from long term contracts is recognised by stage of completion. Stage of completion is measured by reference to costs incurred to date as a percentage of total estimated costs for each contract. Where the contract outcome cannot be measured reliably, revenue is measured only to the extent of the expenses recognised that are recoverable. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			1,000			1,000

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