Ecobell Consulting Limited 26/11/2022 iXBRL

Ecobell Consulting Limited 26/11/2022 iXBRL

ECOBELL CONSULTING LIMITED - Company Information

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1 27/11/2021 26/11/2022 2022-11-26 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-11-27 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09856023 2021-11-27 2022-11-26 09856023 2022-11-26 09856023 2021-11-26 09856023 2020-11-27 2021-11-26 09856023 2021-11-26 09856023 2020-11-26 09856023 core:NetGoodwill 2021-11-27 2022-11-26 09856023 bus:RegisteredOffice 2021-11-27 2022-11-26 09856023 bus:OrdinaryShareClass1 2021-11-27 2022-11-26 09856023 bus:OrdinaryShareClass2 2021-11-27 2022-11-26 09856023 bus:LeadAgentIfApplicable 2021-11-27 2022-11-26 09856023 bus:Director1 2021-11-27 2022-11-26 09856023 core:NetGoodwill 2022-11-26 09856023 core:PlantMachinery 2021-11-26 09856023 core:PlantMachinery 2022-11-26 09856023 core:WithinOneYear 2022-11-26 09856023 core:WithinOneYear 2021-11-26 09856023 core:RetainedEarningsAccumulatedLosses 2020-11-27 2021-11-26 09856023 core:RetainedEarningsAccumulatedLosses 2021-11-27 2022-11-26 09856023 core:ShareCapital 2022-11-26 09856023 core:ShareCapital 2021-11-26 09856023 core:RetainedEarningsAccumulatedLosses 2022-11-26 09856023 core:RetainedEarningsAccumulatedLosses 2021-11-26 09856023 core:ShareCapital 2020-11-26 09856023 core:RetainedEarningsAccumulatedLosses 2020-11-26 09856023 core:PreviouslyStatedAmount core:ShareCapital 2021-11-26 09856023 core:PreviouslyStatedAmount core:RetainedEarningsAccumulatedLosses 2021-11-26 09856023 core:PreviouslyStatedAmount 2021-11-26 09856023 core:PreviouslyStatedAmount core:ShareCapital 2022-11-26 09856023 bus:OrdinaryShareClass1 core:ShareCapital 2022-11-26 09856023 bus:OrdinaryShareClass1 core:ShareCapital 2021-11-26 09856023 bus:OrdinaryShareClass2 core:ShareCapital 2022-11-26 09856023 bus:OrdinaryShareClass2 core:ShareCapital 2021-11-26 09856023 core:PlantMachinery 2021-11-27 2022-11-26 09856023 core:NetGoodwill 2021-11-26 09856023 core:PlantMachinery 2021-11-26 09856023 bus:Director1 2021-11-26 09856023 bus:Director1 2022-11-26 09856023 bus:Director1 2020-11-26 09856023 bus:Director1 2021-11-26 09856023 bus:Director1 2020-11-27 2021-11-26 09856023 bus:SmallEntities 2021-11-27 2022-11-26 09856023 bus:AuditExempt-NoAccountantsReport 2021-11-27 2022-11-26 09856023 bus:SmallCompaniesRegimeForAccounts 2021-11-27 2022-11-26 09856023 bus:PrivateLimitedCompanyLtd 2021-11-27 2022-11-26 09856023 bus:FullAccounts 2021-11-27 2022-11-26
Company registration number: 09856023
Ecobell Consulting Limited
Unaudited filleted financial statements
26 November 2022
Ecobell Consulting Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Ecobell Consulting Limited
Directors and other information
Director Mr Anthony Wagner
Company number 09856023
Registered office 8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
Business address 2 Pinewood
Bowden
Altrincham
WA14 3JQ
Accountants Langers MN Limited
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
Ecobell Consulting Limited
Statement of financial position
26 November 2022
2022 2021
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 891 1,473
_______ _______
891 1,473
Current assets
Debtors 7 111,677 104,868
Cash at bank and in hand 171 2,871
_______ _______
111,848 107,739
Creditors: amounts falling due
within one year 8 ( 111,926) ( 108,945)
_______ _______
Net current liabilities ( 78) ( 1,206)
_______ _______
Total assets less current liabilities 813 267
Provisions for liabilities ( 169) ( 280)
_______ _______
Net assets/(liabilities) 644 ( 13)
_______ _______
Capital and reserves
Called up share capital 10 10 10
Profit and loss account 634 ( 23)
_______ _______
Shareholders funds/(deficit) 644 ( 13)
_______ _______
For the year ending 26 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 November 2023 , and are signed on behalf of the board by:
Mr Anthony Wagner
Director
Company registration number: 09856023
Ecobell Consulting Limited
Statement of changes in equity
Year ended 26 November 2022
Called up share capital Profit and loss account Total
£ £ £
At 27 November 2020 10 7,915 7,925
Profit/(loss) for the year ( 1,938) ( 1,938)
_______ _______ _______
Total comprehensive income for the year - ( 1,938) ( 1,938)
Dividends paid and payable ( 6,000) ( 6,000)
_______ _______ _______
Total investments by and distributions to owners - ( 6,000) ( 6,000)
At 26 November 2021 (as previously reported) 10 52 62
Prior period adjustments (-) (75) (75)
_______ _______ _______
At 26 November 2021 (restated) and 27 November 2021 10 ( 23) ( 13)
Profit/(loss) for the year 8,907 8,907
_______ _______ _______
Total comprehensive income for the year - 8,907 8,907
Dividends paid and payable ( 8,250) ( 8,250)
_______ _______ _______
Total investments by and distributions to owners - ( 8,250) ( 8,250)
_______ _______ _______
At 26 November 2022 10 634 644
_______ _______ _______
Ecobell Consulting Limited
Notes to the financial statements
Year ended 26 November 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Langers Chartered Accountant, 8-10 Gatley Road, Cheadle, Cheshire, SK8 1PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 20 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - Reducing balance and straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 27 November 2021 and 26 November 2022 132,272 132,272
_______ _______
Amortisation
At 27 November 2021 and 26 November 2022 132,272 132,272
_______ _______
Carrying amount
At 26 November 2022 - -
_______ _______
At 26 November 2021 - -
_______ _______
6. Tangible assets
Plant and machinery Total
£ £
Cost
At 27 November 2021 and 26 November 2022 5,199 5,199
_______ _______
Depreciation
At 27 November 2021 3,727 3,727
Charge for the year 581 581
_______ _______
At 26 November 2022 4,308 4,308
_______ _______
Carrying amount
At 26 November 2022 891 891
_______ _______
At 26 November 2021 1,472 1,472
_______ _______
7. Debtors
2022 2021
£ £
Other debtors 111,677 104,868
_______ _______
8. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 56,006 57,030
Trade creditors 3,168 3,510
Corporation tax 41,309 40,351
Social security and other taxes 4,026 1,552
Other creditors 7,417 6,502
_______ _______
111,926 108,945
_______ _______
9. Prior period errors
A bank loan of £45,000 was taken out 7th Aug 2020 and paid into a newly formed bank account, these accounts were not included in the financial statements. The balance on the loan was £45,003 as of 26th November 2021 (£45,000 - 2020). The balance of the bank account on the 26th November 2021 was £0 (£100 - 2020). In the 2021 year there was interest of £92, this together with a £17 corporation tax adjustment respresents the £75 prior year adjusment shown in the accounts.
10. Called up share capital
Issued, called up and fully paid
2022 2021
No £ No £
Ordinary shares of £ 1.00 each 9 9 9 9
Ordinary A Shares shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______
10 10 10 10
_______ _______ _______ _______
11. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Anthony Wagner 80,300 6,309 86,609
_______ _______ _______
2021
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Anthony Wagner 26,419 53,881 80,300
_______ _______ _______