Ecosquared Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC489706 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Ecosquared Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Pinto

REGISTERED OFFICE:

53 Carden Place

Aberdeen

AB10 1UN

REGISTERED NUMBER:

SC489706 (Scotland)

CURRENT ASSETS

Debtors

4

64,553

73,081

CREDITORS

Amounts falling due within one year

5

17,171

13,555

NET CURRENT ASSETS

47,382

59,526

TOTAL ASSETS LESS CURRENT LIABILITIES

47,382

59,526

CREDITORS

Amounts falling due after more than one year

6

10,527

9,247

NET ASSETS

36,855

50,279

CAPITAL AND RESERVES

Called up share capital

145,000

115,000

Retained earnings

(108,145

)

(64,721

)

SHAREHOLDERS' FUNDS

36,855

50,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 November 2017 and were signed by:

D Pinto - Director

1.	STATUTORY INFORMATION

Ecosquared Ltd is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Other debtors

64,553

73,081

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans and overdrafts

14,011

12,226

Trade creditors

-

1,329

Other creditors

3,160

-

17,171

13,555

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Other creditors

10,527

9,247

7.	GOING CONCERN

Although the company balance sheet is in deficit, the company has commitments to receive additional funding subject to

certain conditions, which the company believes that it can meet. The accounts have therefore been prepared on a going

concern basis.