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REGISTERED NUMBER: 11195952 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

S P Environmental Utilities Ltd

S P Environmental Utilities Ltd (Registered number: 11195952)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S P Environmental Utilities Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S H Platt
G Woodward





REGISTERED OFFICE: 1 Hill View Rise
Winnington
Northwich
Cheshire
CW8 4XA





REGISTERED NUMBER: 11195952 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

S P Environmental Utilities Ltd (Registered number: 11195952)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,558 95,129

CURRENT ASSETS
Debtors 5 217,100 234,718
Cash at bank 1,129,305 626,454
1,346,405 861,172
CREDITORS
Amounts falling due within one year 6 433,601 319,696
NET CURRENT ASSETS 912,804 541,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,362

636,605

CREDITORS
Amounts falling due after more than one
year

7

37,500

49,852
NET ASSETS 994,862 586,753

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 994,860 586,751
SHAREHOLDERS' FUNDS 994,862 586,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

S P Environmental Utilities Ltd (Registered number: 11195952)

Balance Sheet - continued
28 February 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 September 2023 and were signed on its behalf by:




S H Platt - Director



G Woodward - Director


S P Environmental Utilities Ltd (Registered number: 11195952)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

S P Environmental Utilities 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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 2 (2022 - 2 ) .

S P Environmental Utilities Ltd (Registered number: 11195952)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 42,474 9,344 120,588 3,450 175,856
Additions 774 - 74,607 - 75,381
Disposals - - (19,513 ) - (19,513 )
At 28 February 2023 43,248 9,344 175,682 3,450 231,724
DEPRECIATION
At 1 March 2022 14,604 1,402 63,804 917 80,727
Charge for year 4,297 1,191 32,848 633 38,969
Eliminated on disposal - - (7,530 ) - (7,530 )
At 28 February 2023 18,901 2,593 89,122 1,550 112,166
NET BOOK VALUE
At 28 February 2023 24,347 6,751 86,560 1,900 119,558
At 28 February 2022 27,870 7,942 56,784 2,533 95,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 120,921 233,401
Other debtors 2,564 1,317
VAT 93,615 -
217,100 234,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 267,020 141,167
Tax 101,607 68,732
Social security and other taxes 61,241 9,237
VAT - 96,648
Directors' current accounts 147 137
Accrued expenses 3,586 3,775
433,601 319,696

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other loans - 1-2 years 37,500 47,338
Hire purchase contracts - 2,514
37,500 49,852

S P Environmental Utilities Ltd (Registered number: 11195952)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 March 2022 586,751
Profit for the year 459,229
Dividends (51,120 )
At 28 February 2023 994,860