Eco Innovations Ltd - Accounts to registrar (filleted) - small 18.2

Eco Innovations Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC197706 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

ECO INNOVATIONS LTD

ECO INNOVATIONS LTD (REGISTERED NUMBER: SC197706)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECO INNOVATIONS LTD


COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTOR: G G MacDougall





REGISTERED OFFICE: 213 St Vincent Street
Glasgow
G2 5QY





REGISTERED NUMBER: SC197706 (Scotland)





ACCOUNTANTS: Bannerman Johnstone Maclay
Chartered Accountants
213 St Vincent Street
Glasgow
G2 5QY

ECO INNOVATIONS LTD (REGISTERED NUMBER: SC197706)


BALANCE SHEET
30 SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,195 6,592

CURRENT ASSETS
Stocks 5,500 6,039
Debtors 5 12,337 15,659
Cash at bank 20,199 -
38,036 21,698
CREDITORS
Amounts falling due within one year 6 22,645 55,233
NET CURRENT ASSETS/(LIABILITIES) 15,391 (33,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,586

(26,943

)

CREDITORS
Amounts falling due after more than one
year

7

(50,000

)

(1,399

)

PROVISIONS FOR LIABILITIES (342 ) (342 )
NET LIABILITIES (31,756 ) (28,684 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 9,000 9,000
Retained earnings (41,756 ) (38,684 )
SHAREHOLDERS' FUNDS (31,756 ) (28,684 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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.

ECO INNOVATIONS LTD (REGISTERED NUMBER: SC197706)


BALANCE SHEET - continued
30 SEPTEMBER 2020


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 director and authorised for issue on 24 May 2021 and were signed by:





G G MacDougall - Director


ECO INNOVATIONS LTD (REGISTERED NUMBER: SC197706)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

Eco Innovations Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2019 10,237
Disposals (2,250 )
At 30 September 2020 7,987
DEPRECIATION
At 1 October 2019 3,645
Charge for year 1,597
Eliminated on disposal (450 )
At 30 September 2020 4,792
NET BOOK VALUE
At 30 September 2020 3,195
At 30 September 2019 6,592

ECO INNOVATIONS LTD (REGISTERED NUMBER: SC197706)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 7,800 13,084
Other debtors 4,537 2,575
12,337 15,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts - 3,079
Hire purchase contracts 1,399 2,399
Trade creditors 20,533 41,921
Social security and other taxes 100 389
VAT 613 4,046
Other creditors - 150
Accrued expenses - 3,249
22,645 55,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans - 1-2 years 50,000 -
Hire purchase contracts - 1,399
50,000 1,399