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REGISTERED NUMBER: 10313358 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SME ENVIRONMENTAL HOLDINGS LIMITED

SME ENVIRONMENTAL HOLDINGS LIMITED (REGISTERED NUMBER: 10313358)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SME ENVIRONMENTAL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mrs R J McGrail
M V McGrail





REGISTERED OFFICE: 21 Hollowgate
Rotherham
S60 2LE





REGISTERED NUMBER: 10313358 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

SME ENVIRONMENTAL HOLDINGS LIMITED (REGISTERED NUMBER: 10313358)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,763,410 5,417,256

CURRENT ASSETS
Cash at bank and in hand 2,811 4,769

CREDITORS
Amounts falling due within one year 5 230,827 1,077,399
NET CURRENT LIABILITIES (228,016 ) (1,072,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,535,394

4,344,626

CREDITORS
Amounts falling due after more than one
year

6

(506,077

)

(510,506

)

PROVISIONS FOR LIABILITIES (44,073 ) (24,141 )
NET ASSETS 4,985,244 3,809,979

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 3,785,392 3,785,392
Retained earnings 1,199,752 24,487
SHAREHOLDERS' FUNDS 4,985,244 3,809,979

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

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

SME ENVIRONMENTAL HOLDINGS LIMITED (REGISTERED NUMBER: 10313358)

BALANCE SHEET - continued
31 JANUARY 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 23 October 2023 and were signed on its behalf by:





M V McGrail - Director


SME ENVIRONMENTAL HOLDINGS LIMITED (REGISTERED NUMBER: 10313358)

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


1. STATUTORY INFORMATION

Sme Environmental Holdings 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 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Long leasehold - in accordance with the property
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 NIL (2022 - NIL).

SME ENVIRONMENTAL HOLDINGS LIMITED (REGISTERED NUMBER: 10313358)

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


4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 February 2022 4,685,176 856,721 179,647
Additions 340,116 - 79,000
At 31 January 2023 5,025,292 856,721 258,647
DEPRECIATION
At 1 February 2022 139,556 112,234 75,662
Charge for year 64,506 34,269 64,662
At 31 January 2023 204,062 146,503 140,324
NET BOOK VALUE
At 31 January 2023 4,821,230 710,218 118,323
At 31 January 2022 4,545,620 744,487 103,985

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 February 2022 91,207 20,200 5,832,951
Additions 51,114 82,807 553,037
At 31 January 2023 142,321 103,007 6,385,988
DEPRECIATION
At 1 February 2022 78,252 9,991 415,695
Charge for year 20,192 23,254 206,883
At 31 January 2023 98,444 33,245 622,578
NET BOOK VALUE
At 31 January 2023 43,877 69,762 5,763,410
At 31 January 2022 12,955 10,209 5,417,256

Cost or valuation at 31 January 2023 is represented by:

Freehold Long Plant and
property leasehold machinery
£    £    £   
Valuation in 2023 5,025,292 856,721 258,647

SME ENVIRONMENTAL HOLDINGS LIMITED (REGISTERED NUMBER: 10313358)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2023 142,321 103,007 6,385,988

If land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,819,663 1,479,547
Aggregate depreciation 109,180 88,773

Value of land in freehold land and buildings 1,710,483 1,390,774

Land and buildings were valued on an open market basis on 31 January 2023 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,361 29,341
Hire purchase contracts 5,227 -
Trade creditors - 547,372
Amounts owed to participating interests - 333,614
Taxation and social security 78,509 40,611
Other creditors 105,730 126,461
230,827 1,077,399

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 464,317 510,506
Hire purchase contracts 41,760 -
506,077 510,506

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 298,871 393,144

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to a director in the sum of £104,233 (2022: £124,962)

There are no formal repayment terms attached to this loan and interest is not being charged.