2015-06-01
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Private Limited Company
03211350
2016-05-31
03211350
2015-06-01
2016-05-31
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2015-05-31
03211350
2014-06-01
2015-05-31
03211350
uk-bus:Director1
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03211350
uk-gaap:ComputerEquipment
2015-06-01
2016-05-31
03211350
uk-gaap:FixturesFittings
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03211350
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iso4217:GBP
For the year ended 31 May 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03211350
2
Eco Solutions Limited
For the year ended 31 May 2016
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
Eco Solutions Limited
Accountants' Report
For the year ended 31 May 2016
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 31 May 2016 and you consider that the company is exempt from an audit under the Companies Act 2006. |
| 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. |
White Adams & Co
1 Famona House
Bridgwater Road
Winscombe
Somerset
BS25 1NA
28 July 2016
1 of 5
4
| Abbreviated Balance Sheet |
Eco Solutions Limited
2016
2015
2
1
2,177
3
1,793
2,487
1,794
4,664
3,335
2,674
4
74,511
71,002
116,555
70,031
190,231
147,877
| Creditors: amounts falling due within one year |
(71,743)
(75,588)
76,134
114,643
Net current assets
| Total assets less current liabilities |
116,437
80,798
116,437
Net assets
80,798
100
5
90
34,990
34,990
81,347
45,718
116,437
80,798
Shareholders funds
| For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 27 July 2016 |
| Signed on behalf of the board of directors |
2 of 5
5
| Notes to the Abbreviated Financial Statements |
Eco Solutions Limited
For the year ended 31 May 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Research and development expenditure |
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. |
| Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line |
| basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated |
| expected useful economic life of the patents of 15 years. |
| Research and development expenditure is charged to the profit and loss account in the period in which it is incurred. |
| However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, |
| development expenditure is deferred and amortised over 0 years during which the company is expected to benefit. |
3 of 5
6
| Notes to the Abbreviated Financial Statements |
Eco Solutions Limited
For the year ended 31 May 2016
| In the opinion of the directors the freehold property is maintained to a high standard and the current market value of both the property and its fixtures and fittings exceed their stated accojunts costs. Therefore no depreciation is charged on either class of asset. |
Computer Equipment
Fixtures and Fittings
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
45,972
45,972
43,795
2,176
Charge for year
45,971
15,845
15,845
13,358
694
Charge for year
14,052
1,793
2,487
| Debtors include an amount of £2653 (2015: £2653) falling due after more than one year |
| 0 Ordinary shares of £1.00 each |
4 of 5
7
| Notes to the Abbreviated Financial Statements |
Eco Solutions Limited
For the year ended 31 May 2016
| Allotted called up and fully paid |
2016
2015
| 100 Ordinary shares of £1.00 each |
90
100
100
90
10 Ordinary £1.00 shares have been issued during the year at par for a cash consideration of £10.
5 of 5
