Economad Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11480845 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2021

FOR

ECONOMAD SOLUTIONS LTD

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Dr I Adler

Mr O Demenko

Mr P Rous

REGISTERED OFFICE:

Rothamsted Enterprises

West Common

Harpenden

Hertfordshire

AL5 2JQ

REGISTERED NUMBER:

11480845 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2021 set out on pages three to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

Date: .............................................

CURRENT ASSETS

Debtors

1,663

1,369

Cash at bank

71,737

129,735

73,400

131,104

CREDITORS

Amounts falling due within one year

155,886

161,920

NET CURRENT LIABILITIES

(82,486

)

(30,816

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(82,486

)

(30,816

)

CAPITAL AND RESERVES

Called up share capital

4

133

133

Retained earnings

5

(82,619

)

(30,949

)

SHAREHOLDERS' FUNDS

(82,486

)

(30,816

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 April 2022 and were signed on its behalf by:

Mr O Demenko - Director

Dr I Adler - Director

1.	STATUTORY INFORMATION

Economad Solutions 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.

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 4 (2020 - 4 ) .

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

100

Ordinary

0.01

33

33

334

Ordinary

0.01

100

100

133

133

5.

RESERVES

Reserves £-82,619.00

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2021 and 31 July 2020:

31.7.21

31.7.20

£

£

Dr I Adler

Balance outstanding at start of year

(20,000

)

-

Amounts advanced

16,576

-

Amounts repaid

(8,588

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(12,012

)

(20,000

)

Mr O Demenko

Balance outstanding at start of year

-

-

Amounts advanced

26,544

-

Amounts repaid

(26,546

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2

)

-