Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false12022-09-01Wholesale of chemical products1falsetruefalse 02143123 2022-09-01 2023-08-31 02143123 2021-09-01 2022-08-31 02143123 2023-08-31 02143123 2022-08-31 02143123 c:Director3 2022-09-01 2023-08-31 02143123 d:PlantMachinery 2022-09-01 2023-08-31 02143123 d:PlantMachinery 2023-08-31 02143123 d:PlantMachinery 2022-08-31 02143123 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02143123 d:MotorVehicles 2022-09-01 2023-08-31 02143123 d:FurnitureFittings 2022-09-01 2023-08-31 02143123 d:FurnitureFittings 2023-08-31 02143123 d:FurnitureFittings 2022-08-31 02143123 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02143123 d:OfficeEquipment 2022-09-01 2023-08-31 02143123 d:ComputerEquipment 2022-09-01 2023-08-31 02143123 d:ComputerEquipment 2023-08-31 02143123 d:ComputerEquipment 2022-08-31 02143123 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02143123 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02143123 d:CurrentFinancialInstruments 2023-08-31 02143123 d:CurrentFinancialInstruments 2022-08-31 02143123 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 02143123 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 02143123 d:ShareCapital 2023-08-31 02143123 d:ShareCapital 2022-08-31 02143123 d:SharePremium 2023-08-31 02143123 d:SharePremium 2022-08-31 02143123 d:CapitalRedemptionReserve 2023-08-31 02143123 d:CapitalRedemptionReserve 2022-08-31 02143123 d:RetainedEarningsAccumulatedLosses 2023-08-31 02143123 d:RetainedEarningsAccumulatedLosses 2022-08-31 02143123 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 02143123 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-08-31 02143123 c:FRS102 2022-09-01 2023-08-31 02143123 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 02143123 c:FullAccounts 2022-09-01 2023-08-31 02143123 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02143123 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 02143123









ECO-POINT LABORATORIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
ECO-POINT LABORATORIES LIMITED
REGISTERED NUMBER: 02143123

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,224
379

Investments
 5 
1
1

  
1,225
380

Current assets
  

Stocks
 6 
9,187
9,076

Debtors: amounts falling due within one year
 7 
162,790
191,860

Cash at bank and in hand
 8 
41,146
44,304

  
213,123
245,240

Creditors: amounts falling due within one year
 9 
(34,279)
(55,335)

Net current assets
  
 
 
178,844
 
 
189,905

Total assets less current liabilities
  
180,069
190,285

  

Net assets
  
180,069
190,285


Capital and reserves
  

Called up share capital 
  
7,056
7,056

Share premium account
  
11,976
11,976

Capital redemption reserve
  
784
784

Profit and loss account
  
160,253
170,469

  
180,069
190,285


Page 1

 
ECO-POINT LABORATORIES LIMITED
REGISTERED NUMBER: 02143123
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2024.




I C U Fisher
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ECO-POINT LABORATORIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Eco-Point Laboratories Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 02143123. The registered business address of 68 Bilton Way, Enfield, Middlesex, England, EN3 7NH. The principal activity of the company is the manufacture and wholesale of chemical products. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 3

 
ECO-POINT LABORATORIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Computer equipment
-
33%
Straight line

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets
Page 4

 
ECO-POINT LABORATORIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are
Page 5

 
ECO-POINT LABORATORIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2023
2022
£
£

Wages and salaries
36,092
41,692

Social security costs
3,764
5,421

39,856
47,113


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
ECO-POINT LABORATORIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2022
1,100
3,403
8,665
13,168


Additions
-
-
1,253
1,253



At 31 August 2023

1,100
3,403
9,918
14,421



Depreciation


At 1 September 2022
893
3,231
8,665
12,789


Charge for the year on owned assets
52
43
313
408



At 31 August 2023

945
3,274
8,978
13,197



Net book value



At 31 August 2023
155
129
940
1,224



At 31 August 2022
207
172
-
379


5.


Fixed asset investments





Other investments

£





At 1 September 2022
1





6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
9,187
9,076

9,187
9,076


Page 7

 
ECO-POINT LABORATORIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Debtors

2023
2022
£
£


Trade debtors
107,385
125,733

Amounts owed by group undertakings
53,899
64,712

Prepayments and accrued income
1,506
1,415

162,790
191,860



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
41,146
44,304

41,146
44,304



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,895
19,351

Corporation tax
23,198
26,392

Other taxation and social security
5,486
5,580

Accruals and deferred income
2,700
4,012

34,279
55,335



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
41,146
44,304




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents. 

Page 8

 
ECO-POINT LABORATORIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

11.


Related party transactions

During the year, sales and purchases to group companies totalled £4,416 and £395,291 respectively. At the year end the following amounts were due to related parties:


2023
2022
£
£

Group companies
65,285
64,712
65,285
64,712


12.


Controlling party

The company is a wholly owned subsidiary of Fisher Darville Holding Limited. Fisher Darville Holdings Limited is controlled by Mr A C U Fisher.

 
Page 9