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REGISTERED NUMBER: 04476109 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ENVIROCURE LIMITED

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENVIROCURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: L D Austin
J C Austin





SECRETARY: J C Austin





REGISTERED OFFICE: Salisbury House
Waterside Court
Neptune Way, Medway City Estate,
Rochester
Kent
ME2 4NZ





REGISTERED NUMBER: 04476109 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 383,835 340,991
383,835 340,991

CURRENT ASSETS
Stocks 9,865 10,500
Debtors 7 340,625 300,534
Cash at bank and in hand 623,534 683,206
974,024 994,240
CREDITORS
Amounts falling due within one year 8 423,186 488,159
NET CURRENT ASSETS 550,838 506,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,673

847,072

CREDITORS
Amounts falling due after more than one
year

9

(175,770

)

(177,722

)

PROVISIONS FOR LIABILITIES (17,627 ) (11,771 )
NET ASSETS 741,276 657,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 741,176 657,479
SHAREHOLDERS' FUNDS 741,276 657,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

BALANCE SHEET - continued
31 JULY 2023


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 25 September 2023 and were signed on its behalf by:





L D Austin - Director


ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Envirocure 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. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. ACCOUNTING POLICIES - continued

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2006, was amortised over its estimated useful life.

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.
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on 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.


ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. ACCOUNTING POLICIES - continued
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 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
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 26 ) .

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 12,000
AMORTISATION
At 1 August 2022
and 31 July 2023 12,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 268,097 22,135 64,162 269,099 623,493
Additions - - 5,192 108,260 113,452
At 31 July 2023 268,097 22,135 69,354 377,359 736,945
DEPRECIATION
At 1 August 2022 85,298 19,737 39,459 138,008 282,502
Charge for year 5,362 600 7,474 57,172 70,608
At 31 July 2023 90,660 20,337 46,933 195,180 353,110
NET BOOK VALUE
At 31 July 2023 177,437 1,798 22,421 182,179 383,835
At 31 July 2022 182,799 2,398 24,703 131,091 340,991

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 232,724
Additions 87,370
Transfer to ownership (63,555 )
At 31 July 2023 256,539
DEPRECIATION
At 1 August 2022 121,906
Charge for year 43,845
Transfer to ownership (43,446 )
At 31 July 2023 122,305
NET BOOK VALUE
At 31 July 2023 134,234
At 31 July 2022 110,818

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 320,861 293,117
Other debtors 19,764 7,417
340,625 300,534

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 187,131 187,853
Hire purchase contracts and finance leases 50,604 56,694
Trade creditors 10,950 17,136
Taxation and social security 137,642 181,117
Other creditors 36,859 45,359
423,186 488,159

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 73,017 98,872
Hire purchase contracts and finance leases 102,753 78,850
175,770 177,722

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,474

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loans 100,081 123,850
Invoice Discounting 160,068 162,876
260,149 286,726

The loan is secured by way of a fixed and floating charge over the leasehold property and undertaking of the company.

The invoice discounting account is secured by way of a fixed and floating charge over the leasehold property and undertaking of the company.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £46,069 (2022: £12,032).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
L D Austin
Balance outstanding at start of year (989 ) (11,564 )
Amounts advanced 663,569 40,575
Amounts repaid (660,062 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,518 (989 )

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan from the company to the director is unsecured, and repayable on demand. Interest was charged on the loan at the official rate per HMRC.

The invoice discounting shown in note 10 is secured by a personal guarantee of the director, Mr L Austin, to the value of £150,000.