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REGISTERED NUMBER: 07214552 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Environ Air Solutions Limited

Environ Air Solutions Limited (Registered number: 07214552)






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


Environ Air Solutions Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr S Ciarleglio





REGISTERED OFFICE: 1a Garston Drive
Watford
WD25 9LB





REGISTERED NUMBER: 07214552 (England and Wales)





ACCOUNTANTS: CAS MCGEE LTD
Chartered Certified Accountants
130A Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF

Environ Air Solutions Limited (Registered number: 07214552)

Balance Sheet
30 April 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 194,291

CURRENT ASSETS
Stocks 5 63,150
Cash at bank and in hand 78,743
141,893
CREDITORS
Amounts falling due within one year 6 14,706
NET CURRENT ASSETS 127,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,478

CREDITORS
Amounts falling due after more than one
year

7

(16,310

)

PROVISIONS FOR LIABILITIES 8 (1,224 )
NET ASSETS 303,944

CAPITAL AND RESERVES
Called up share capital 9 1
Retained earnings 10 303,943
SHAREHOLDERS' FUNDS 303,944

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 director acknowledges his 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.

Environ Air Solutions Limited (Registered number: 07214552)

Balance Sheet - continued
30 April 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 director and authorised for issue on 22 September 2023 and were signed by:





Mr S Ciarleglio - Director


Environ Air Solutions Limited (Registered number: 07214552)

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

1. STATUTORY INFORMATION

Environ Air Solutions 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Freehold property
The company policy is not to depreciate the freehold investment property over its useful life, once the refurbishment is completed and the freehold investment building is fully brought in use and land is not depreciable

Investment property
In accordance with the new requirements of the Financial Reporting Standards (FRS102), Investment property is carried at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

The effect of depreciation and amortisation on value is already reflected annually in the valuation of property, and the amount attributed to this factor by the valuers cannot reasonably be separately identified or quantified. FRS102 requires valuation at fair value, unless fair value cannot be obtained without undue cost or effort, gains to be recognised in profit and loss and deferred tax to be provided for.Under FRS102, the valuation would be under the fair value provisions of Companies Act 2006 (CA 2006), and is not a departure. In the balance sheet that gains should be included in a fair value reserves rather than the revaluation reserve.

Investment property comprises of freehold building. This comprise mainly of rental unit, and is measured initially at cost, including related transaction costs. This is held as an investment to earn rental income and for capital appreciation and is stated at fair value at the Balance Sheet date.

After initial recognition investment property is carried at fair value, based on amount paid, it is then determined annually by independent external valuers or held at Director's fair valuation if appropriate. The surplus or deficit arising from these valuations are transferred to or from fair value reserve. When an existing investment property is redeveloped or continue use as an investment property, it remains an investment property whilst in development.

The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of current market conditions.
Subsequent expenditure is added to the asset's carrying amount only when it is probable that future economic benefits associated with the item will flow to the company and the costs of the item can be measured reliably. All other repairs and maintenance costs are charged to the Profit and Loss Account during the financial period in which they are incurred.

Environ Air Solutions Limited (Registered number: 07214552)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at a transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised costs determined using the effective interest method, less any impairments losses for bad and doubtful debts.

Provisions
Provisions (ie./ liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Environ Air Solutions Limited (Registered number: 07214552)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2022 185,000 7,490 18,720 211,210
Additions - 8,585 - 8,585
At 30 April 2023 185,000 16,075 18,720 219,795
DEPRECIATION
At 1 May 2022 - 4,640 18,720 23,360
Charge for year - 2,144 - 2,144
At 30 April 2023 - 6,784 18,720 25,504
NET BOOK VALUE
At 30 April 2023 185,000 9,291 - 194,291
At 30 April 2022 185,000 2,850 - 187,850

Cost or valuation at 30 April 2023 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 2022 55,000 - - 55,000
Cost 130,000 16,075 18,720 164,795
185,000 16,075 18,720 219,795

The value of the property which has been included at the revalued amount of £185,000 as decided by the directors in May 2022 for which they believe that by their opinion the current market value of the property it is approximately the same. This it is a fair and appropriate valuation according to their opinion which it was based on valuation of similar properties in the area which the property it is situated.

5. STOCKS
£   
Stocks 63,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 4,755
Social security and other taxes 780
VAT 7,745
Directors' current accounts 76
Accrued expenses 1,350
14,706

Environ Air Solutions Limited (Registered number: 07214552)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 16,310

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 1,224

Deferred
tax
£   
Provided during year 1,224
Balance at 30 April 2023 1,224

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1.00 1

10. RESERVES
Retained
earnings
£   

At 1 May 2022 331,090
Profit for the year 27,853
Dividends (55,000 )
At 30 April 2023 303,943

11. EVENTS AFTER THE REPORTING PERIOD

There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Environ Air Solutions Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

Environ Air Solutions Limited (Registered number: 07214552)

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

12. GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:
- Breach of trade contracts
- Revenue
- Cost of sales
- Expenditure
- Inventories fair value measurements
- Debt repayment

13. IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset. the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing. Value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

14. CLIMATE CHANGES AND ENVIRONMENTAL RISKS AND RESPONSIBILITIES

Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

Despite the fact that our organisation offering consulting and software related services, we are always considering the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities, and managing changes in customer preferences.

This includes management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.
We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.