Envirosoft Limited 05100183 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the development and sale of software Digita Accounts Production Advanced 6.30.9574.0 true 05100183 2022-04-01 2023-03-31 05100183 2023-03-31 05100183 bus:OrdinaryShareClass1 2023-03-31 05100183 bus:OrdinaryShareClass2 2023-03-31 05100183 bus:Original 2023-03-31 05100183 core:CurrentFinancialInstruments 2023-03-31 05100183 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05100183 core:Non-currentFinancialInstruments 2023-03-31 05100183 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 05100183 core:FurnitureFittingsToolsEquipment 2023-03-31 05100183 core:MotorVehicles 2023-03-31 05100183 bus:SmallEntities 2022-04-01 2023-03-31 05100183 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05100183 bus:FullAccounts 2022-04-01 2023-03-31 05100183 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05100183 bus:RegisteredOffice 2022-04-01 2023-03-31 05100183 bus:Director1 2022-04-01 2023-03-31 05100183 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05100183 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 05100183 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05100183 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 05100183 core:MotorVehicles 2022-04-01 2023-03-31 05100183 core:OfficeEquipment 2022-04-01 2023-03-31 05100183 core:PlantMachinery 2022-04-01 2023-03-31 05100183 countries:England 2022-04-01 2023-03-31 05100183 2022-03-31 05100183 core:FurnitureFittingsToolsEquipment 2022-03-31 05100183 core:MotorVehicles 2022-03-31 05100183 2021-04-01 2022-03-31 05100183 2022-03-31 05100183 bus:OrdinaryShareClass1 2022-03-31 05100183 bus:OrdinaryShareClass2 2022-03-31 05100183 core:CurrentFinancialInstruments 2022-03-31 05100183 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 05100183 core:Non-currentFinancialInstruments 2022-03-31 05100183 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 05100183 core:FurnitureFittingsToolsEquipment 2022-03-31 05100183 core:MotorVehicles 2022-03-31 05100183 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05100183

Envirosoft Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Envirosoft Limited

(Registration number: 05100183)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

17,695

16,180

Investment property

5

315,081

505,457

 

332,776

521,637

Current assets

 

Stocks

6

12,000

12,000

Debtors

7

94,494

82,497

Cash at bank and in hand

 

807,537

604,135

 

914,031

698,632

Creditors: Amounts falling due within one year

8

(197,792)

(192,083)

Net current assets

 

716,239

506,549

Total assets less current liabilities

 

1,049,015

1,028,186

Creditors: Amounts falling due after more than one year

8

(54,779)

(109,050)

Provisions for liabilities

(1,407)

(1,709)

Net assets

 

992,829

917,427

Capital and reserves

 

Called up share capital

10

40

30

Retained earnings

992,789

917,397

Shareholders' funds

 

992,829

917,427

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2023 and signed on its behalf by:
 

.........................................
Richard Grant
Director

 

Envirosoft Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 15
Markham Vale Environment Centre
Markham Lane
Markham Vale
Derbyshire
S44 5HY

These financial statements were authorised for issue by the Board on 23 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Envirosoft Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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 class

Depreciation method and rate

Motor vehicles

20% reducing balance

Office equipment

20% reducing balance

Plant and machinery

20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 10).

 

Envirosoft Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

41,180

10,643

51,823

Additions

2,115

3,825

5,940

At 31 March 2023

43,295

14,468

57,763

Depreciation

At 1 April 2022

29,012

6,632

35,644

Charge for the year

2,857

1,567

4,424

At 31 March 2023

31,869

8,199

40,068

Carrying amount

At 31 March 2023

11,426

6,269

17,695

At 31 March 2022

12,169

4,011

16,180

5

Investment properties

2023
£

At 1 April

505,457

Disposals

(190,376)

At 31 March

315,081

There has been no valuation of investment property by an independent valuer.

6

Stocks

2023
£

2022
£

Other inventories

12,000

12,000

7

Debtors

Current

2023
£

2022
£

Trade debtors

79,406

73,803

Prepayments

5,370

-

Other debtors

9,718

8,694

 

94,494

82,497

 

Envirosoft Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

54,271

49,078

Taxation and social security

 

135,293

110,524

Accruals and deferred income

 

147

1,187

Other creditors

 

8,081

31,294

 

197,792

192,083

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

54,779

109,050

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

54,779

109,050

2023
£

2022
£

Current loans and borrowings

Bank borrowings

54,271

49,078

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

30

30

30

30

A Ordinary share of £1 (2022 - £0) each

10

10

-

-

 

40

40

30

30