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Environmental Compliance Limited

Financial Statements for the Year Ended 31 August 2023






Environmental Compliance Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D H F Boles
C N Boles





REGISTERED OFFICE: Unit G1
Main Avenue
Treforest Industrial Estate
Pontypridd
CF37 5BF





REGISTERED NUMBER: 04249446 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Environmental Compliance Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Environmental Compliance Limited for the year ended 31 August 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Environmental Compliance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Environmental Compliance Limited and state those matters that we have agreed to state to the Board of Directors of Environmental Compliance Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Environmental Compliance Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Environmental Compliance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Environmental Compliance Limited. You consider that Environmental Compliance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Environmental Compliance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


15 February 2024

Environmental Compliance Limited (Registered number: 04249446)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 286,968 284,887

CURRENT ASSETS
Debtors 4 934,198 774,782
Cash at bank and in hand 51,312 47,502
985,510 822,284
CREDITORS
Amounts falling due within one year 5 863,264 811,105
NET CURRENT ASSETS 122,246 11,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,214

296,066

CREDITORS
Amounts falling due after more than one
year

6

(131,300

)

(201,314

)

PROVISIONS FOR LIABILITIES
AND CHARGES (68,000 ) (60,000 )
NET ASSETS 209,914 34,752

CAPITAL AND RESERVES
Called up share capital 3,212 3,212
Share redemption reserve 5,888 5,888
Retained earnings 200,814 25,652
SHAREHOLDERS' FUNDS 209,914 34,752

Environmental Compliance Limited (Registered number: 04249446)

Balance Sheet - continued
31 August 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 February 2024 and were signed on its behalf by:





D H F Boles - Director


Environmental Compliance Limited (Registered number: 04249446)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. 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 represents the invoiced value of environmental consultancy services supplied by the company, net of value added tax and trade discounts.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% straight line
Plant and machinery - 20% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 taxation
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.

Environmental Compliance Limited (Registered number: 04249446)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


1. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing and hire purchasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 32 ) .

Environmental Compliance Limited (Registered number: 04249446)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


3. TANGIBLE FIXED ASSETS
Long Plant and Motor Office
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 9,480 907,424 16,000 135,283 1,068,187
Additions - - 57,284 - 57,284
At 31 August 2023 9,480 907,424 73,284 135,283 1,125,471
DEPRECIATION
At 1 September 2022 9,480 653,748 533 119,539 783,300
Charge for year - 46,810 5,003 3,390 55,203
At 31 August 2023 9,480 700,558 5,536 122,929 838,503
NET BOOK VALUE
At 31 August 2023 - 206,866 67,748 12,354 286,968
At 31 August 2022 - 253,676 15,467 15,744 284,887

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 655,721 508,003
Amounts recoverable on contract 223,538 227,331
Other debtors & prepayments 54,939 39,448
934,198 774,782

Environmental Compliance Limited (Registered number: 04249446)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdraft 36,837 60,867
Hire purchase contracts 35,542 30,982
Trade creditors 132,536 229,888
Taxes & social security costs 252,809 180,922
Other creditors & accruals 405,540 308,446
863,264 811,105

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 41,364 78,201
Hire purchase contracts 89,936 79,095
Other creditors - 44,018
131,300 201,314

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 78,201 139,068
Hire purchase contracts 125,478 110,077
Invoice discounting 322,403 235,301
526,082 484,446

The bank loan is secured by a floating charge that covers all the property or undertaking of the company.

The hire purchase liability is secured over the assets concerned.

The invoice discounting facility is secured over the trade debtors to which it relates.

Environmental Compliance Limited (Registered number: 04249446)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


8. OTHER FINANCIAL COMMITMENTS

Financial commitments relating to lease rental contracts as at 31 August 2023 total £73,524 over the remainder of the term (2022: £34,378).