IRIS Accounts Production v23.3.0.418 03187829 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031878292022-05-31031878292023-05-31031878292022-06-012023-05-31031878292021-05-31031878292021-06-012022-05-31031878292022-05-3103187829ns10:Originalns15:EnglandWales2022-06-012023-05-3103187829ns14:PoundSterlingns10:Original2022-06-012023-05-3103187829ns10:Originalns10:Director12022-06-012023-05-3103187829ns10:Original2022-06-012023-05-3103187829ns10:Original2023-05-3103187829ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3103187829ns10:Originalns10:SmallEntities2022-06-012023-05-3103187829ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3103187829ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3103187829ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3103187829ns10:Originalns10:FullAccounts2022-06-012023-05-3103187829ns10:Original12022-06-012023-05-3103187829ns10:Originalns10:Director22022-06-012023-05-3103187829ns10:CompanySecretary1ns10:Original2022-06-012023-05-3103187829ns10:Originalns10:RegisteredOffice2022-06-012023-05-3103187829ns10:Original2022-05-3103187829ns10:Originalns5:CurrentFinancialInstruments2023-05-3103187829ns10:Originalns5:CurrentFinancialInstruments2022-05-3103187829ns10:Originalns5:Non-currentFinancialInstruments2023-05-3103187829ns10:Originalns5:Non-currentFinancialInstruments2022-05-3103187829ns5:ShareCapitalns10:Original2023-05-3103187829ns5:ShareCapitalns10:Original2022-05-3103187829ns10:Originalns5:CapitalRedemptionReserve2023-05-3103187829ns10:Originalns5:CapitalRedemptionReserve2022-05-3103187829ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3103187829ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3103187829ns10:Originalns5:NetGoodwill2022-06-012023-05-3103187829ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3103187829ns10:Originalns5:PlantMachinery2022-06-012023-05-3103187829ns10:Originalns5:MotorVehicles2022-06-012023-05-3103187829ns10:Originalns5:ComputerEquipment2022-06-012023-05-3103187829ns10:Original2021-06-012022-05-3103187829ns10:Originalns5:NetGoodwill2022-05-3103187829ns10:Originalns5:NetGoodwill2023-05-3103187829ns10:Originalns5:NetGoodwill2022-05-3103187829ns10:Originalns5:LandBuildings2022-05-3103187829ns10:Originalns5:PlantMachinery2022-05-3103187829ns10:Originalns5:MotorVehicles2022-05-3103187829ns10:Originalns5:ComputerEquipment2022-05-3103187829ns10:Original2022-05-3103187829ns10:Originalns5:LandBuildings2022-06-012023-05-3103187829ns10:Originalns5:LandBuildings2023-05-3103187829ns10:Originalns5:PlantMachinery2023-05-3103187829ns10:Originalns5:MotorVehicles2023-05-3103187829ns10:Originalns5:ComputerEquipment2023-05-3103187829ns10:Originalns5:LandBuildings2022-05-3103187829ns10:Originalns5:PlantMachinery2022-05-3103187829ns10:Originalns5:MotorVehicles2022-05-3103187829ns10:Originalns5:ComputerEquipment2022-05-3103187829ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-05-3103187829ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3103187829ns10:Originalns5:LeasedAssetsHeldAsLessee2022-05-3103187829ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3103187829ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3103187829ns10:Originalns5:LeasedAssetsHeldAsLessee2023-05-3103187829ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3103187829ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3103187829ns10:Originalns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3103187829ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-05-3103187829ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3103187829ns10:Originalns5:LeasedAssetsHeldAsLessee2022-05-3103187829ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3103187829ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3103187829ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3103187829ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-31
REGISTERED NUMBER: 03187829 (England and Wales)


Evergreen Pallet Solutions (UK) Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Evergreen Pallet Solutions (UK) Ltd (Registered number: 03187829)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evergreen Pallet Solutions (UK) Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P G Tait
G M Tait





SECRETARY: P G Tait





REGISTERED OFFICE: Unit 7
Albert Hill Industrial Estate
Dodsworth Street
Darlington
Co. Durham
DL1 2NG





REGISTERED NUMBER: 03187829 (England and Wales)





ACCOUNTANTS: Addison & Co
Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES

Evergreen Pallet Solutions (UK) Ltd (Registered number: 03187829)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 444,849 494,480
444,849 494,480

CURRENT ASSETS
Stocks 109,188 114,457
Debtors 6 376,467 483,099
Investments 7 20,078 20,078
Cash at bank and in hand 380,242 244,259
885,975 861,893
CREDITORS
Amounts falling due within one year 8 345,993 457,332
NET CURRENT ASSETS 539,982 404,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

984,831

899,041

CREDITORS
Amounts falling due after more than one
year

9

-

(29,691

)

PROVISIONS FOR LIABILITIES (61,789 ) (56,248 )
NET ASSETS 923,042 813,102

Evergreen Pallet Solutions (UK) Ltd (Registered number: 03187829)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 60 60
Retained earnings 922,922 812,982
923,042 813,102

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

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

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 20 September 2023 and were signed on its behalf by:





P G Tait - Director


Evergreen Pallet Solutions (UK) Ltd (Registered number: 03187829)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Evergreen Pallet Solutions (UK) Ltd 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 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 relating to the business purchased by the company has been amortised over a period of 10 years. In the opinion of the directors, this represents a prudent estimate of the period over which the company derived benefit from the goodwill acquired.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

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.


Evergreen Pallet Solutions (UK) Ltd (Registered number: 03187829)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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
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 16 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 36,000
AMORTISATION
At 1 June 2022
and 31 May 2023 36,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

Evergreen Pallet Solutions (UK) Ltd (Registered number: 03187829)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 201,678 677,090 281,922 5,038 1,165,728
Additions - - 14,500 - 14,500
At 31 May 2023 201,678 677,090 296,422 5,038 1,180,228
DEPRECIATION
At 1 June 2022 - 496,924 169,286 5,038 671,248
Charge for year - 36,034 28,097 - 64,131
At 31 May 2023 - 532,958 197,383 5,038 735,379
NET BOOK VALUE
At 31 May 2023 201,678 144,132 99,039 - 444,849
At 31 May 2022 201,678 180,166 112,636 - 494,480

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 141,288 108,550 249,838
Transfer to ownership (18,394 ) - (18,394 )
At 31 May 2023 122,894 108,550 231,444
DEPRECIATION
At 1 June 2022 74,223 56,912 131,135
Charge for year 12,208 12,909 25,117
Transfer to ownership (12,367 ) - (12,367 )
At 31 May 2023 74,064 69,821 143,885
NET BOOK VALUE
At 31 May 2023 48,830 38,729 87,559
At 31 May 2022 67,065 51,638 118,703

Evergreen Pallet Solutions (UK) Ltd (Registered number: 03187829)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 374,478 451,362
Other debtors 1,989 5,423
Tax - 12,861
Prepayments - 13,453
376,467 483,099

7. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Unlisted investments 20,078 20,078

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 11,797 43,459
Trade creditors 227,169 301,679
Corporation tax 49,306 51,270
Social security and other taxes 6,198 7,325
VAT 46,789 49,315
Directors' current accounts 1,324 1,324
Accrued expenses 3,410 2,960
345,993 457,332

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans - 2-5 years - 17,894
Hire purchase contracts - 11,797
- 29,691