Eco-Mist Biotechnics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08279888 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

ECO-MIST BIOTECHNICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G S Mylchreest

G Warren

E Warren

SECRETARY:

REGISTERED OFFICE:

Unit A2

Main Line Industrial Estate

Milnthorpe

Cumbria

LA7 7LR

REGISTERED NUMBER:

08279888 (England and Wales)

ACCOUNTANTS:

RFM Lancaster

39 Northgate

White Lund

Morecambe

Lancashire

LA3 3PA

FIXED ASSETS

Tangible assets

4

1,313

1,545

CURRENT ASSETS

Stocks

14,000

15,000

Debtors

5

3,955

14,056

Cash at bank and in hand

8,525

694

26,480

29,750

CREDITORS

Amounts falling due within one year

6

61,112

64,139

NET CURRENT LIABILITIES

(34,632

)

(34,389

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,319

)

(32,844

)

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

(33,439

)

(32,964

)

(33,319

)

(32,844

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Board of Directors on 14 December 2018 and were signed on its behalf by:

E Warren - Director

1.	STATUTORY INFORMATION

Eco-Mist Biotechnics Limited 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 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Plant & Machinery - 15% reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

1,816

DEPRECIATION

At 1 April 2017

271

Charge for year

232

At 31 March 2018

503

NET BOOK VALUE

At 31 March 2018

1,313

At 31 March 2017

1,545

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

1,925

10,173

Other debtors

24

1,615

1,949

11,788

Amounts falling due after more than one year:

Other debtors

2,006

2,268

Aggregate amounts

3,955

14,056

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

36,436

37,645

Other creditors

24,676

26,494

61,112

64,139

7.	RELATED PARTY DISCLOSURES

The Directors E & G Warren are also Directors and Shareholders of Eurodyne Limited, a company

registered in England and Wales.

During the year the Intercompany loan between the two businesses was reduced by £2,183 giving a

balance owing to Eurodyne as at 31st March 2018 of £24,306 (2017 - £26,489)

Eurodyne Limited also invoices goods and services on a commercial basis, however no invoices

were raised during the current financial year, therefore the balance remains as per the prior year of

£32,228 owing to Eurodyne Limited.