S D K (Environmental) Limited 03988788 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is that of providing specialist waste management and environmental services. Digita Accounts Production Advanced 6.30.9574.0 true 03988788 2022-11-01 2023-10-31 03988788 2023-10-31 03988788 bus:Director2 1 2023-10-31 03988788 bus:OrdinaryShareClass1 2023-10-31 03988788 core:RetainedEarningsAccumulatedLosses 2023-10-31 03988788 core:ShareCapital 2023-10-31 03988788 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-10-31 03988788 core:CurrentFinancialInstruments 2023-10-31 03988788 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 03988788 core:Non-currentFinancialInstruments 2023-10-31 03988788 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 03988788 core:FurnitureFittingsToolsEquipment 2023-10-31 03988788 core:LandBuildings 2023-10-31 03988788 core:MotorVehicles 2023-10-31 03988788 bus:SmallEntities 2022-11-01 2023-10-31 03988788 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 03988788 bus:FullAccounts 2022-11-01 2023-10-31 03988788 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 03988788 bus:RegisteredOffice 2022-11-01 2023-10-31 03988788 bus:Director2 2022-11-01 2023-10-31 03988788 bus:Director2 1 2022-11-01 2023-10-31 03988788 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 03988788 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 03988788 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 03988788 core:LandBuildings 2022-11-01 2023-10-31 03988788 core:LeaseholdImprovements 2022-11-01 2023-10-31 03988788 core:MotorVehicles 2022-11-01 2023-10-31 03988788 core:OfficeEquipment 2022-11-01 2023-10-31 03988788 core:Vehicles 2022-11-01 2023-10-31 03988788 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-11-01 2023-10-31 03988788 countries:EnglandWales 2022-11-01 2023-10-31 03988788 2022-10-31 03988788 bus:Director2 1 2022-10-31 03988788 core:FurnitureFittingsToolsEquipment 2022-10-31 03988788 core:LandBuildings 2022-10-31 03988788 core:MotorVehicles 2022-10-31 03988788 2021-11-01 2022-10-31 03988788 2022-10-31 03988788 bus:Director2 1 2022-10-31 03988788 bus:OrdinaryShareClass1 2022-10-31 03988788 core:RetainedEarningsAccumulatedLosses 2022-10-31 03988788 core:ShareCapital 2022-10-31 03988788 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-10-31 03988788 core:CurrentFinancialInstruments 2022-10-31 03988788 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 03988788 core:Non-currentFinancialInstruments 2022-10-31 03988788 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 03988788 core:FurnitureFittingsToolsEquipment 2022-10-31 03988788 core:LandBuildings 2022-10-31 03988788 core:MotorVehicles 2022-10-31 03988788 bus:Director2 1 2021-11-01 2022-10-31 03988788 bus:Director2 1 2021-10-31 iso4217:GBP xbrli:pure xbrli:shares

S D K (Environmental) Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 October 2023

Registration number: 03988788

 

S D K (Environmental) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

S D K (Environmental) Limited

Balance Sheet

31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

194,958

220,138

Current assets

 

Stocks

71,240

149,300

Debtors

5

136,807

153,420

Cash at bank and in hand

 

20,039

83,049

 

228,086

385,769

Creditors: Amounts falling due within one year

6

(139,438)

(163,193)

Net current assets

 

88,648

222,576

Total assets less current liabilities

 

283,606

442,714

Creditors: Amounts falling due after more than one year

6

(15,833)

(25,833)

Provisions for liabilities

(11,428)

(23,700)

Net assets

 

256,345

393,181

Capital and reserves

 

Called up share capital

8

1,000

1,000

Profit and loss account

255,345

392,181

Shareholders' funds

 

256,345

393,181

 

S D K (Environmental) Limited

Balance Sheet

31 October 2023

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

Director's 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 director acknowledges his 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 26 July 2024
 

.........................................
D J A Nairn
Director

Company Registration Number: 03988788

 

S D K (Environmental) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

1

General information

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

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

The principal place of business is:
9 Business Village
Wexham Road
Slough
Berkshire
SL2 5HF

These financial statements were authorised for issue by the director on 26 July 2024.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS102.

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.

The functional and presentational currency is pounds sterling.

Revenue recognition

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

 

S D K (Environmental) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

Over 10 years

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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

 

S D K (Environmental) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Hire purchase and finance lease liabilities;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2022 - 21).

 

S D K (Environmental) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

4

Tangible assets

Land and buildings
£

Office equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

216,683

93,656

324,834

635,173

Additions

30,000

1,477

-

31,477

Disposals

-

-

(60,039)

(60,039)

At 31 October 2023

246,683

95,133

264,795

606,611

Depreciation

At 1 November 2022

122,905

64,049

228,081

415,035

Charge for the year

18,817

7,774

22,233

48,824

Eliminated on disposal

-

-

(52,206)

(52,206)

At 31 October 2023

141,722

71,823

198,108

411,653

Carrying amount

At 31 October 2023

104,961

23,310

66,687

194,958

At 31 October 2022

93,778

29,607

96,753

220,138

Included within the net book value of land and buildings above is £104,960 (2022 - £93,777) in respect of short leasehold land and buildings.
 

5

Debtors

2023
£

2022
£

Trade debtors

25,019

56,018

Prepayments

99,416

96,880

Other debtors

12,372

522

136,807

153,420

 

S D K (Environmental) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

10,000

35,239

Trade creditors

 

17,810

14,354

Corporation tax

 

-

11,723

Taxation and social security

 

77,240

77,386

Other creditors

 

27,988

20,591

Accruals and deferred income

 

6,400

3,900

 

139,438

163,193

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

15,833

25,833

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Hire purchase contracts

-

25,239

10,000

35,239

2023
£

2022
£

Loans and borrowings due after one year

Bank borrowings

15,833

25,833

 

S D K (Environmental) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

         

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £393,500 (2022 - £6,000).

10

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

D J A Nairn

Loan repayable on demand with interest at the official rate.

522

650

(522)

650

         
       

 

2022

At 1 November 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

D J A Nairn

Loan repayable on demand with interest at the official rate.

(2,495)

3,017

-

522

         
       

 

Directors' remuneration

Summary of transactions with entities with joint control or significant interest


S D K Environmental (Cyprus) Limited

 
During the year the company paid management charges of £189,219 (2022 - £241,359) for services rendered and costs recharged.