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REGISTERED NUMBER: 08612945 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

LCM ENVIRONMENTAL SERVICES LIMITED

LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LCM ENVIRONMENTAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: C Bingham
D G Holmes
R S Wallace
M Crockett
P Rava
Ms D S Newman
J Cosway
B L Duckworth
J P Sharp
Mrs H L Bingham





REGISTERED OFFICE: The Craggs Country Bus Park
New Road
Cragg Vale
Hebden Bridge
West Yorkshire
HX7 5TT





REGISTERED NUMBER: 08612945 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,694 54,086
Tangible assets 5 321,069 308,275
339,763 362,361

CURRENT ASSETS
Stocks 190,759 49,913
Debtors 6 895,261 662,404
Cash at bank and in hand 766,076 328,307
1,852,096 1,040,624
CREDITORS
Amounts falling due within one year 7 1,030,458 542,163
NET CURRENT ASSETS 821,638 498,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,401

860,822

CREDITORS
Amounts falling due after more than
one year

8

(197,871

)

(296,739

)

PROVISIONS FOR LIABILITIES (61,003 ) (58,572 )
NET ASSETS 902,527 505,511

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 892,527 495,511
902,527 505,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)

BALANCE SHEET - continued
31 MARCH 2022


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 6 September 2022 and were signed on its behalf by:





C Bingham - Director


LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

LCM Environmental Services 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - Between 2 and 10 years and between 5 and 10 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2021 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 109,057
AMORTISATION
At 1 April 2021 54,971
Charge for year 35,392
At 31 March 2022 90,363
NET BOOK VALUE
At 31 March 2022 18,694
At 31 March 2021 54,086

LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 430,698
Additions 112,766
Disposals (988 )
At 31 March 2022 542,476
DEPRECIATION
At 1 April 2021 122,423
Charge for year 99,972
Eliminated on disposal (988 )
At 31 March 2022 221,407
NET BOOK VALUE
At 31 March 2022 321,069
At 31 March 2021 308,275

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

Plant and
machinery
etc
£   
COST
At 1 April 2021 337,525
Additions 34,040
At 31 March 2022 371,565
DEPRECIATION
At 1 April 2021 91,749
Charge for year 72,259
At 31 March 2022 164,008
NET BOOK VALUE
At 31 March 2022 207,557
At 31 March 2021 245,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 855,982 576,659
Other debtors 39,279 85,745
895,261 662,404

LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 78,484 66,473
Trade creditors 581,790 247,151
Taxation and social security 173,067 138,875
Other creditors 197,117 89,664
1,030,458 542,163

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 82,719 145,224
Other creditors 115,152 151,515
197,871 296,739

9. SECURED DEBTS

The companies bankers Barclays Bank PLC have two fixed and floating charges over the assets of the company by way of debenture dated 24th June 2014 & 24th July 2014.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
D G Holmes
Balance outstanding at start of year - 7,500
Amounts repaid - (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

A Pritchard
Balance outstanding at start of year - 4,500
Amounts repaid - (4,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

LCM ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 08612945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

11. RELATED PARTY DISCLOSURES

During the period costs were recharged to LCM Environmental Services Limited of £192,762 (2021: £159,580) from Craggs Energy Limited, a company with common Directors.

The amounts (owed to)/due from related parties under common control at the year end are as follows;

31.03.22 31.03.21
£    £   

Craggs Energy Limited (23,793 ) 4,719
Greenarc Fuel Cards Limited Nil (300 )
(23,793 ) 4,419