Echo Nomad Limited - Accounts to registrar (filleted) - small 18.2

Echo Nomad Limited - Accounts to registrar (filleted) - small 18.2

ECHO NOMAD LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.0.652 12185723 Board of Directors 3.9.19 30.9.20 30.9.20 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure121857232019-09-02121857232020-09-30121857232019-09-032020-09-30121857232019-09-0212185723ns16:EnglandWales2019-09-032020-09-3012185723ns15:PoundSterling2019-09-032020-09-3012185723ns11:Director12019-09-032020-09-3012185723ns11:PrivateLimitedCompanyLtd2019-09-032020-09-3012185723ns11:SmallEntities2019-09-032020-09-3012185723ns11:AuditExempt-NoAccountantsReport2019-09-032020-09-3012185723ns11:SmallCompaniesRegimeForDirectorsReport2019-09-032020-09-3012185723ns11:SmallCompaniesRegimeForAccounts2019-09-032020-09-3012185723ns11:FullAccounts2019-09-032020-09-301218572312019-09-032020-09-3012185723ns11:Director22019-09-032020-09-3012185723ns11:RegisteredOffice2019-09-032020-09-3012185723ns6:CurrentFinancialInstruments2020-09-3012185723ns6:ShareCapital2020-09-3012185723ns6:RetainedEarningsAccumulatedLosses2020-09-3012185723ns6:IntangibleAssetsOtherThanGoodwill2019-09-032020-09-3012185723ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2019-09-032020-09-3012185723ns6:ComputerSoftware2019-09-032020-09-3012185723ns6:ComputerEquipment2019-09-032020-09-3012185723ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2020-09-3012185723ns6:ComputerSoftware2020-09-3012185723ns6:ComputerEquipment2020-09-3012185723ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-09-30
REGISTERED NUMBER: 12185723 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

3 SEPTEMBER 2019 TO 30 SEPTEMBER 2020

FOR

ECHO NOMAD LIMITED
ECHO NOMAD LIMITED (REGISTERED NUMBER: 12185723)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 SEPTEMBER 2019 TO 30 SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ECHO NOMAD LIMITED


COMPANY INFORMATION
FOR THE PERIOD 3 SEPTEMBER 2019 TO 30 SEPTEMBER 2020







DIRECTORS: C J W Morrish
M R Hatton





REGISTERED OFFICE: 7 Albert Road
Reading
RG4 7AN





REGISTERED NUMBER: 12185723 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE
Page 1
ECHO NOMAD LIMITED (REGISTERED NUMBER: 12185723)


BALANCE SHEET
30 SEPTEMBER 2020

Notes £    £   
FIXED ASSETS
Intangible assets 4 121,406
Tangible assets 5 638
122,044

CURRENT ASSETS
Debtors 6 53,555
Cash at bank 27,722
81,277
CREDITORS
Amounts falling due within one year 7 218,354
NET CURRENT LIABILITIES (137,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(15,033
)

CAPITAL AND RESERVES
Called up share capital 2,040
Retained earnings (17,073 )
SHAREHOLDERS' FUNDS (15,033 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2021 and were signed on its behalf by:



M R Hatton - Director


The notes form part of these financial statements

Page 2
ECHO NOMAD LIMITED (REGISTERED NUMBER: 12185723)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 SEPTEMBER 2019 TO 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

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

Turnover
Turnover represents revenue recognised in the accounts excluding value added tax. Services are performed gradually over time so revenue is recognised as the company fulfils its contractual obligations and activity progresses by reference to the value of work performed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3 continued...
ECHO NOMAD LIMITED (REGISTERED NUMBER: 12185723)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 SEPTEMBER 2019 TO 30 SEPTEMBER 2020


2. ACCOUNTING POLICIES - continued

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence.

The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
Additions 56,742 95,015 151,757
At 30 September 2020 56,742 95,015 151,757
AMORTISATION
Amortisation for period 11,348 19,003 30,351
At 30 September 2020 11,348 19,003 30,351
NET BOOK VALUE
At 30 September 2020 45,394 76,012 121,406

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 847
At 30 September 2020 847
DEPRECIATION
Charge for period 209
At 30 September 2020 209
NET BOOK VALUE
At 30 September 2020 638

Page 4 continued...
ECHO NOMAD LIMITED (REGISTERED NUMBER: 12185723)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 SEPTEMBER 2019 TO 30 SEPTEMBER 2020


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 15,944
Other debtors 37,611
53,555

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,250
Taxation and social security 5,428
Other creditors 210,676
218,354

Page 5