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REGISTERED NUMBER: 02581818 (England and Wales)















Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 28 February 2023

for

Tardis Environmental UK Limited

Tardis Environmental UK Limited (Registered number: 02581818)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


Tardis Environmental UK Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr A Boydon
Mr C Boydon
Mr R Boydon
Mrs K Collier
Mr D W R Furlong





SECRETARY: Mrs J Causer





REGISTERED OFFICE: Site 4
Halesfield 21
Telford
Shropshire
TF7 4PA





REGISTERED NUMBER: 02581818 (England and Wales)





AUDITORS: Lewis Smith & Co.
Chartered Certified Accountants
Statutory Auditors
The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW

Tardis Environmental UK Limited (Registered number: 02581818)

Strategic Report
for the Year Ended 28 February 2023

The directors present their strategic report for the year ended 28 February 2023.

The company has continued to maintain improved performance through the year ended 28 February 2023. Sales have increased by 10.8% to £34.4m from £31.0m in the previous year. The gross profit achieved by the company has also improved to £24.9m from £23.2m the previous year.

REVIEW OF BUSINESS
We have continued to invest heavily in new plant and vehicles to replace old and add new, we have also been looking at new areas of the UK to expand operationally.

Staff training has been a big part of our focus be it management with Neebosh health and safety, Transport CPC manager right through to appointed persons for safe lifting, drivers CPC and other relevant occupational training to support our ever-growing workforce.

We have reviewed all rates of pay across all staff to ensure we maintain our workforce and with higher-than-average wages available we also look to attract new staff.

With new depots in new areas, we are focusing on being able to offer a one stop shop for our customers need no mater where they require our services in the UK.

We have invested heavily in solar power at head office and electric vehicles in order to reduce our environmental impact through our day-to-day activities.

PRINCIPAL RISKS AND UNCERTAINTIES
As a company, we intend to limit our risks through better management of the key elements of the business, i.e. Employment Law, Health and Safety Law and Transport Law, linked to better training of the workforce.

ON BEHALF OF THE BOARD:





Mr R Boydon - Director


2 October 2023

Tardis Environmental UK Limited (Registered number: 02581818)

Report of the Directors
for the Year Ended 28 February 2023

The directors present their report with the financial statements of the company for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of provision of sanitisation services on construction sites and plant hire.

DIVIDENDS
No interim dividends were paid during the year on any of the shares. The directors recommend a final dividend of £126404.5 per share on the Ordinary £1 shares but none on any other classes of shares.

The total distribution of dividends for the year ended 28 February 2023 will be £ 11,250,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report.

Mr A Boydon
Mr C Boydon
Mr R Boydon
Mrs K Collier
Mr D W R Furlong

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Tardis Environmental UK Limited (Registered number: 02581818)

Report of the Directors
for the Year Ended 28 February 2023


AUDITORS
The auditors, Lewis Smith & Co., will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R Boydon - Director


2 October 2023

Report of the Independent Auditors to the Members of
Tardis Environmental UK Limited

Opinion
We have audited the financial statements of Tardis Environmental UK Limited (the 'company') for the year ended 28 February 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 February 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Tardis Environmental UK Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Tardis Environmental UK Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit.

We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Tardis Environmental UK Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Craig Beale (Senior Statutory Auditor)
for and on behalf of Lewis Smith & Co.
Chartered Certified Accountants
Statutory Auditors
The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW

2 October 2023

Tardis Environmental UK Limited (Registered number: 02581818)

Statement of Comprehensive Income
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £   

TURNOVER 34,390,068 31,037,549

Cost of sales 9,484,381 7,849,087
GROSS PROFIT 24,905,687 23,188,462

Administrative expenses 10,893,426 9,108,133
14,012,261 14,080,329

Other operating income 10,209 34,594
OPERATING PROFIT 4 14,022,470 14,114,923

Interest receivable and similar income 33,860 7,921
14,056,330 14,122,844

Interest payable and similar expenses 5 - 455
PROFIT BEFORE TAXATION 14,056,330 14,122,389

Tax on profit 6 2,583,564 2,333,888
PROFIT FOR THE FINANCIAL YEAR 11,472,766 11,788,501

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

11,472,766

11,788,501

Tardis Environmental UK Limited (Registered number: 02581818)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,879,035 583,020

CURRENT ASSETS
Stocks 9 56,036 58,276
Debtors 10 6,602,789 5,740,606
Cash at bank 5,036,685 2,469,672
11,695,510 8,268,554
CREDITORS
Amounts falling due within one year 11 10,689,751 6,548,607
NET CURRENT ASSETS 1,005,759 1,719,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,884,794

2,302,967

PROVISIONS FOR LIABILITIES 14 375,583 16,522
NET ASSETS 2,509,211 2,286,445

CAPITAL AND RESERVES
Called up share capital 15 100 100
Retained earnings 16 2,509,111 2,286,345
SHAREHOLDERS' FUNDS 2,509,211 2,286,445

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





Mr R Boydon - Director


Tardis Environmental UK Limited (Registered number: 02581818)

Statement of Changes in Equity
for the Year Ended 28 February 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 March 2021 100 1,997,844 1,997,944

Changes in equity
Dividends - (11,500,000 ) (11,500,000 )
Total comprehensive income - 11,788,501 11,788,501
Balance at 28 February 2022 100 2,286,345 2,286,445

Changes in equity
Dividends - (11,250,000 ) (11,250,000 )
Total comprehensive income - 11,472,766 11,472,766
Balance at 28 February 2023 100 2,509,111 2,509,211

Tardis Environmental UK Limited (Registered number: 02581818)

Cash Flow Statement
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 14,154,110 14,888,112
Interest paid - (455 )
Tax paid (1,371,249 ) (2,376,745 )
Net cash from operating activities 12,782,861 12,510,912

Cash flows from investing activities
Purchase of tangible fixed assets (1,931,896 ) (467,037 )
Sale of tangible fixed assets 36,668 106,683
Interest received 33,860 7,921
Net cash from investing activities (1,861,368 ) (352,433 )

Cash flows from financing activities
New loans taken in the year 2,895,520 -
Loan repayments in year - (504,224 )
Amount introduced by directors 24,899 19,459
Amount withdrawn by directors (24,899 ) (19,459 )
Equity dividends paid (11,250,000 ) (11,500,000 )
Net cash from financing activities (8,354,480 ) (12,004,224 )

Increase in cash and cash equivalents 2,567,013 154,255
Cash and cash equivalents at beginning of
year

2

2,469,672

2,315,417

Cash and cash equivalents at end of year 2 5,036,685 2,469,672

Tardis Environmental UK Limited (Registered number: 02581818)

Notes to the Cash Flow Statement
for the Year Ended 28 February 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
28.2.23 28.2.22
£    £   
Profit before taxation 14,056,330 14,122,389
Depreciation charges 626,427 82,789
Profit on disposal of fixed assets (27,214 ) (94,333 )
Finance costs - 455
Finance income (33,860 ) (7,921 )
14,621,683 14,103,379
Decrease/(increase) in stocks 2,240 (9,135 )
(Increase)/decrease in trade and other debtors (862,183 ) 652,686
Increase in trade and other creditors 392,370 141,182
Cash generated from operations 14,154,110 14,888,112

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 28 February 2023
28.2.23 1.3.22
£    £   
Cash and cash equivalents 5,036,685 2,469,672
Year ended 28 February 2022
28.2.22 1.3.21
£    £   
Cash and cash equivalents 2,469,672 2,315,417


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.22 Cash flow At 28.2.23
£    £    £   
Net cash
Cash at bank 2,469,672 2,567,013 5,036,685
2,469,672 2,567,013 5,036,685
Total 2,469,672 2,567,013 5,036,685

Tardis Environmental UK Limited (Registered number: 02581818)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Tardis Environmental UK 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The company does not have any significant judgements or estimates in their accounts.

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

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the hire of equipment is recognised when the assets is hired in advance for the minimum hire period. Turnover from tank empties and all other services are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest and rent received
Interest income is recognised using the effective interest method. Rent receivable is recognised as the company's right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Tardis Environmental UK Limited (Registered number: 02581818)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortized cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

The company does not have any other basic financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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
28.2.23 28.2.22
£    £   
Wages and salaries 6,365,319 5,566,265
Social security costs 694,668 563,097
Other pension costs 108,808 100,696
7,168,795 6,230,058

Tardis Environmental UK Limited (Registered number: 02581818)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
28.2.23 28.2.22

Employees 170 160

28.2.23 28.2.22
£    £   
Directors' remuneration 20,000 20,015
Directors' pension contributions to money purchase schemes 413 413

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

28.2.23 28.2.22
£    £   
Hire of plant and machinery 319,135 306,585
Other operating leases 613,615 567,378
Depreciation - owned assets 626,425 82,789
Profit on disposal of fixed assets (27,214 ) (94,333 )
Auditors' remuneration 11,200 9,950

5. INTEREST PAYABLE AND SIMILAR EXPENSES
28.2.23 28.2.22
£    £   
Interest on late tax payments - 455

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
28.2.23 28.2.22
£    £   
Current tax:
UK corporation tax 2,224,503 2,222,268

Deferred tax 359,061 111,620
Tax on profit 2,583,564 2,333,888

Tardis Environmental UK Limited (Registered number: 02581818)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

28.2.23 28.2.22
£    £   
Profit before tax 14,056,330 14,122,389
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

2,670,703

2,683,254

Effects of:
Expenses not deductible for tax purposes 3,259 3,720
Income not taxable for tax purposes (5,171 ) (17,923 )
Capital allowances in excess of depreciation (373,868 ) (120,318 )
Group relief (70,420 ) (326,465 )
Deferred tax 359,061 111,620
Total tax charge 2,583,564 2,333,888

7. DIVIDENDS
28.2.23 28.2.22
£    £   
Ordinary shares of £1 each
Interim dividends 11,250,000 11,500,000

8. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 21,786 96,620 941,517 676,862 1,736,785
Additions - 790,090 1,122,100 19,706 1,931,896
Disposals - - (149,100 ) - (149,100 )
At 28 February 2023 21,786 886,710 1,914,517 696,568 3,519,581
DEPRECIATION
At 1 March 2022 18,380 6,502 571,519 557,364 1,153,765
Charge for year 852 220,056 370,666 34,851 626,425
Eliminated on disposal - - (139,644 ) - (139,644 )
At 28 February 2023 19,232 226,558 802,541 592,215 1,640,546
NET BOOK VALUE
At 28 February 2023 2,554 660,152 1,111,976 104,353 1,879,035
At 28 February 2022 3,406 90,118 369,998 119,498 583,020

Tardis Environmental UK Limited (Registered number: 02581818)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. STOCKS
28.2.23 28.2.22
£    £   
Stocks 56,036 58,276

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 6,401,723 5,561,584
Other debtors 27,840 36,225
Prepayments and accrued income 173,226 142,797
6,602,789 5,740,606

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1,242,412 1,057,153
Amounts owed to group undertakings 7,499,768 4,604,248
Tax 882,923 29,669
Social security and other taxes 124,900 108,082
VAT 664,547 579,536
Other creditors 183,345 114,481
Accruals and deferred income 91,856 55,438
10,689,751 6,548,607

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 403,297 385,547
Between one and five years 979,863 771,577
In more than five years 298,750 396,250
1,681,910 1,553,374

13. SECURED DEBTS

There are two rent security deposit charges in place in favour of Chrisfys Properties Limited. One for £6,000 dated 28th September 2012 and one for £3,120 dated 8th March 2013.

14. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 375,583 16,522

Tardis Environmental UK Limited (Registered number: 02581818)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 16,522
Charge to Statement of Comprehensive Income during year 359,061
Balance at 28 February 2023 375,583

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
89 Ordinary £1 89 89
10 Ordinary A £1 10 10
1 Ordinary B £1 1 1
100 100

16. RESERVES
Retained
earnings
£   

At 1 March 2022 2,286,345
Profit for the year 11,472,766
Dividends (11,250,000 )
At 28 February 2023 2,509,111

17. ULTIMATE PARENT COMPANY

Tardis Environmental UK (Holdings) Ltd is regarded by the directors as being the company's ultimate parent company.

Its accounts are available to the public on payment of the appropriate fee from Companies House, Crown Way, Cardiff, CF14 3UZ.

18. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Boydon.