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REGISTERED NUMBER: 03010215 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Intech Environmental Limited

Intech Environmental Limited (Registered number: 03010215)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Intech Environmental Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: R M Hickabottom
B Kilminster
P Taylor-Mills





SECRETARY: J V Hickabottom





REGISTERED OFFICE: 2 Heap Bridge
Bury
Lancashire
BL9 7HR





REGISTERED NUMBER: 03010215 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Intech Environmental Limited (Registered number: 03010215)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 44,249 -
Tangible assets 6 1,327,181 1,048,869
Investments 7 22,500 22,500
1,393,930 1,071,369

CURRENT ASSETS
Stocks 8 65,231 63,377
Debtors 9 1,098,255 921,600
Prepayments and accrued income 92,552 93,788
Cash at bank and in hand 19,484 106,120
1,275,522 1,184,885
CREDITORS
Amounts falling due within one year 10 (726,553 ) (691,409 )
NET CURRENT ASSETS 548,969 493,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,942,899

1,564,845

CREDITORS
Amounts falling due after more than one
year

11

(225,553

)

(178,399

)

PROVISIONS FOR LIABILITIES (176,000 ) (96,000 )
NET ASSETS 1,541,346 1,290,446

CAPITAL AND RESERVES
Called up share capital 12 72 72
Capital redemption reserve 30 30
Retained earnings 1,541,244 1,290,344
SHAREHOLDERS' FUNDS 1,541,346 1,290,446

Intech Environmental Limited (Registered number: 03010215)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





R M Hickabottom - Director


Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Intech Environmental 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. 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 provisions of Section 1A "Small Entities" 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.

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 capitalised in connection with the acquisition of a business, is being
amortised evenly over its estimated useful life of ten 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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Plant and machinery 10% - 50% straight line basis
Motor vehicles 30% - 50% straight line basis
Office equipment 15% - 50% straight line basis

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at 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.


Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. 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
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 48 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 49,165
At 30 April 2023 49,165
AMORTISATION
Charge for year 4,916
At 30 April 2023 4,916
NET BOOK VALUE
At 30 April 2023 44,249

Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 152,261 3,170,908 182,316 177,893 3,683,378
Additions - 460,357 1,463 835 462,655
At 30 April 2023 152,261 3,631,265 183,779 178,728 4,146,033
DEPRECIATION
At 1 May 2022 - 2,405,514 113,867 115,128 2,634,509
Charge for year - 154,605 15,578 14,160 184,343
At 30 April 2023 - 2,560,119 129,445 129,288 2,818,852
NET BOOK VALUE
At 30 April 2023 152,261 1,071,146 54,334 49,440 1,327,181
At 30 April 2022 152,261 765,394 68,449 62,765 1,048,869

7. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 May 2022
and 30 April 2023 22,500
NET BOOK VALUE
At 30 April 2023 22,500
At 30 April 2022 22,500

8. STOCKS
2023 2022
£    £   
Stocks 65,231 54,232
Work-in-progress - 9,145
65,231 63,377

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 936,266 712,489
Other debtors 161,989 209,111
1,098,255 921,600

Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 245,700 169,993
Trade creditors 184,530 114,428
Taxation and social security 181,383 172,322
Other creditors 104,292 224,018
726,553 691,409

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,186 33,832
Hire purchase contracts 201,367 144,567
225,553 178,399

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
72 Ordinary 1 72 72