Company Registration No. 08497068 (England and Wales)
Eco Chimney Limited
Unaudited accounts
for the year ended 31 October 2019
Eco Chimney Limited
Unaudited accounts
Contents
Eco Chimney Limited
Company Information
for the year ended 31 October 2019
Director
Krzysztof Zielinski
Company Number
08497068 (England and Wales)
Registered Office
6 Buttermere Close
Morden
SM4 4SG
ENGLAND
Accountants
Abacus Accounting Solutions Limited
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
Eco Chimney Limited
Statement of financial position
as at 31 October 2019
Cash at bank and in hand
614
140
Creditors: amounts falling due within one year
(50,775)
(50,137)
Net current liabilities
(27,986)
(38,452)
Net liabilities
(26,908)
(37,465)
Called up share capital
2
2
Profit and loss account
(26,910)
(37,467)
Shareholders' funds
(26,908)
(37,465)
For the year ending 31 October 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 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2020 and were signed on its behalf by
Krzysztof Zielinski
Director
Company Registration No. 08497068
Eco Chimney Limited
Notes to the Accounts
for the year ended 31 October 2019
Eco Chimney Limited is a private company, limited by shares, registered in England and Wales, registration number 08497068. The registered office is 6 Buttermere Close, Morden, SM4 4SG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2018
2,789
379
3,168
At 31 October 2019
2,860
759
3,619
At 1 November 2018
1,962
219
2,181
Charge for the year
225
135
360
At 31 October 2019
2,187
354
2,541
At 31 October 2019
673
405
1,078
At 31 October 2018
827
160
987
Trade debtors
1,709
11,544
Eco Chimney Limited
Notes to the Accounts
for the year ended 31 October 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
11,080
14,267
Taxes and social security
26,023
16,846
Other creditors
11,126
17,268
7
Operating lease commitments
2019
2018
At 31 October 2019 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
2,338
2,338
Within two to five years
2,338
4,676
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Net Payments made
(5)
15,451
-
15,446
The overdrawn loan account was repaid on 24 June 2020.
9
Average number of employees
During the year the average number of employees was 1 (2018: 1).
