ECO Approach Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08624580 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ECO APPROACH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J Harrington

REGISTERED OFFICE:

182a High Street

Beckenham

Kent

BR3 1EW

REGISTERED NUMBER:

08624580 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Intangible assets

4

12,833

22,666

Tangible assets

5

157,524

10,068

170,357

32,734

CURRENT ASSETS

Debtors

6

1,337,751

1,264,086

Cash at bank

528,547

1,468,507

1,866,298

2,732,593

CREDITORS

Amounts falling due within one year

7

897,375

1,940,690

NET CURRENT ASSETS

968,923

791,903

TOTAL ASSETS LESS CURRENT LIABILITIES

1,139,280

824,637

CREDITORS

Amounts falling due after more than one year

8

(32,500

)

(50,000

)

PROVISIONS FOR LIABILITIES

(30,483

)

(1,912

)

NET ASSETS

1,076,297

772,725

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,076,197

772,625

SHAREHOLDERS' FUNDS

1,076,297

772,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 27 May 2022 and were signed by:

T J Harrington - Director

1.	STATUTORY INFORMATION

ECO Approach Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2021 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

69,000

AMORTISATION

At 1 April 2021

46,334

Charge for year

9,833

At 31 March 2022

56,167

NET BOOK VALUE

At 31 March 2022

12,833

At 31 March 2021

22,666

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

17,213

Additions

169,104

At 31 March 2022

186,317

DEPRECIATION

At 1 April 2021

7,145

Charge for year

21,648

At 31 March 2022

28,793

NET BOOK VALUE

At 31 March 2022

157,524

At 31 March 2021

10,068

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

736,242

1,139,061

Other debtors

601,509

125,025

1,337,751

1,264,086

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

-

Trade creditors

600,835

1,282,808

Taxation and social security

275,968

652,979

Other creditors

10,572

4,903

897,375

1,940,690

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

32,500

50,000

9.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022

2021

£

£

T J Harrington

Balance outstanding at start of year

-

105,819

Amounts repaid

-

(105,819

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

During the year the company voted dividends of £106,000 to the director.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T J Harrington.