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REGISTERED NUMBER: 06837704 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ENVIO INTERNATIONAL LIMITED

ENVIO INTERNATIONAL LIMITED (REGISTERED NUMBER: 06837704)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


ENVIO INTERNATIONAL LIMITED (REGISTERED NUMBER: 06837704)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 31,654 15,058

Current assets
Debtors 5 438,161 669,769
Cash at bank 835,182 815,208
1,273,343 1,484,977
Creditors
Amounts falling due within one year 6 475,711 672,035
Net current assets 797,632 812,942
Total assets less current liabilities 829,286 828,000

Creditors
Amounts falling due after more than one
year

7

(15,833

)

(25,833

)

Provisions for liabilities 9 (7,914 ) (19,063 )
Net assets 805,539 783,104

Capital and reserves
Called up share capital 56 56
Capital redemption reserve 45 45
Retained earnings 805,438 783,003
Shareholders' funds 805,539 783,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ENVIO INTERNATIONAL LIMITED (REGISTERED NUMBER: 06837704)

Statement of Financial Position - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




Mr S J Easton - Director



Mr S B Stokes - Director


ENVIO INTERNATIONAL LIMITED (REGISTERED NUMBER: 06837704)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Envio International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06837704

Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


ENVIO INTERNATIONAL LIMITED (REGISTERED NUMBER: 06837704)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 9 (2023 - 10 ) .

4. Tangible fixed assets
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023 1,797 14,247 28,268 44,312
Additions 21,220 3,857 1,474 26,551
Disposals (1,797 ) - - (1,797 )
At 31 March 2024 21,220 18,104 29,742 69,066
Depreciation
At 1 April 2023 1,797 5,320 22,137 29,254
Charge for year 4,244 2,557 3,154 9,955
Eliminated on disposal (1,797 ) - - (1,797 )
At 31 March 2024 4,244 7,877 25,291 37,412
Net book value
At 31 March 2024 16,976 10,227 4,451 31,654
At 31 March 2023 - 8,927 6,131 15,058

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 405,506 617,788
Other debtors 32,655 51,981
438,161 669,769

ENVIO INTERNATIONAL LIMITED (REGISTERED NUMBER: 06837704)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 353,044 523,508
Taxation and social security 69,012 132,338
Other creditors 43,655 6,189
475,711 672,035

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 15,833 25,833

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,549 15,549
Between one and five years 10,485 26,034
26,034 41,583

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 7,914 2,861
Other provisions - 16,202
7,914 19,063

Deferred
tax
£   
Balance at 1 April 2023 2,861
Provided during year 5,053
Balance at 31 March 2024 7,914

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr S J Easton
Balance outstanding at start of year 13,069 -
Amounts advanced - 49,097
Amounts repaid (13,069 ) (36,028 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,069