The Ecology Partnership Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06840162 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE ECOLOGY PARTNERSHIP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Tamblyn

P H Hale

C J P Jennings

SECRETARY:

P H Hale

REGISTERED OFFICE:

Thorncroft Manor

Thorncroft Drive

Leatherhead

Surrey

KT22 8JB

REGISTERED NUMBER:

06840162 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

BANKERS:

National Westminster Bank plc

PO Box 2403

8-11 Pavilion Buildings

Castle Square

Brighton

East Sussex

BN1 1DP

FIXED ASSETS

Tangible assets

4

80,153

92,203

CURRENT ASSETS

Debtors

5

175,888

190,459

Cash at bank

364,815

189,403

540,703

379,862

CREDITORS

Amounts falling due within one year

6

(145,149

)

(111,808

)

NET CURRENT ASSETS

395,554

268,054

TOTAL ASSETS LESS CURRENT LIABILITIES

475,707

360,257

CREDITORS

Amounts falling due after more than one year

7

(20,363

)

(23,697

)

PROVISIONS FOR LIABILITIES

8

(19,710

)

(18,441

)

NET ASSETS

435,634

318,119

CAPITAL AND RESERVES

Called up share capital

9

62

62

Capital redemption reserve

38

38

Retained earnings

435,534

318,019

SHAREHOLDERS' FUNDS

435,634

318,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 1 May 2024 and were signed on its behalf by:

P H Hale - Director

1.	STATUTORY INFORMATION

The Ecology Partnership 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.

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 the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from ecological services is recognised at the point of sale.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Tools

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Impairment review

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Tools and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2023

13,632

143,518

38,252

195,402

Additions

1,283

11,975

4,938

18,196

At 31 December 2023

14,915

155,493

43,190

213,598

DEPRECIATION

At 1 January 2023

13,051

56,254

33,894

103,199

Charge for year

988

24,810

4,448

30,246

At 31 December 2023

14,039

81,064

38,342

133,445

NET BOOK VALUE

At 31 December 2023

876

74,429

4,848

80,153

At 31 December 2022

581

87,264

4,358

92,203

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2023

and 31 December 2023

36,660

DEPRECIATION

At 1 January 2023

9,165

Charge for year

6,874

At 31 December 2023

16,039

NET BOOK VALUE

At 31 December 2023

20,621

At 31 December 2022

27,495

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade debtors

157,152

172,899

Other debtors

18,736

17,560

175,888

190,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Hire purchase contracts

3,334

6,151

Trade creditors

3,311

5,010

Taxation and social security

136,523

90,543

Other creditors

1,981

10,104

145,149

111,808

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.23

31.12.22

£

£

Hire purchase contracts

20,363

23,697

8.	PROVISIONS FOR LIABILITIES

31.12.23

31.12.22

£

£

Deferred tax

19,710

18,441

Deferred

tax

£

Balance at 1 January 2023

18,441

Accelerated capital allowances

1,269

Balance at 31 December 2023

19,710

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

£

£

50

Ordinary 'A'

£1

50

50

12

Ordinary 'B'

£1

12

12

62

62