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Registration number: 13391138

Environmental Controls Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Environmental Controls Group Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 9

 

Environmental Controls Group Limited

Company Information

Directors

J D Stangroom

B Lindley

Registered office

Unit A7 The Arena
9 Nimrod Way
Ferndown
Wimborne
Dorset
BH21 7UH

Accountants

Elysium
Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Environmental Controls Group Limited

(Registration number: 13391138)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,909,501

1,859,251

Current assets

 

Debtors

5

660

6,047

Cash at bank and in hand

 

8,706

1,389

 

9,366

7,436

Creditors: Amounts falling due within one year

6

(668,904)

(613,159)

Net current liabilities

 

(659,538)

(605,723)

Net assets

 

1,249,963

1,253,528

Capital and reserves

 

Called up share capital

7

257

257

Share premium reserve

1,249,833

1,249,833

Capital redemption reserve

10

10

Retained earnings

(137)

3,428

Shareholders' funds

 

1,249,963

1,253,528

For the financial year ending 30 November 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 1 August 2024 and signed on its behalf by:
 

.........................................
J D Stangroom
Director

.........................................
B Lindley
Director

 
     
 

Environmental Controls Group Limited

Statement of Changes in Equity for the Year Ended 30 November 2023

Share capital
£

Share premium
£

Capital redemption reserve
£

Retained earnings
£

At 1 December 2022

257

1,249,833

10

3,428

Profit for the year

-

-

-

106,702

Dividends

-

-

-

(110,267)

At 30 November 2023

257

1,249,833

10

(137)

Total
£

At 1 December 2022

1,253,528

Profit for the year

106,702

Dividends

(110,267)

At 30 November 2023

1,249,963

Share capital
£

Share premium
£

Capital redemption reserve
£

Retained earnings
£

At 1 December 2021

100

-

-

(3,626)

Profit for the year

-

-

-

60,854

Dividends

-

-

-

(53,800)

New share capital subscribed

167

1,249,833

-

-

Purchase of own share capital

(10)

-

-

-

Other capital redemption reserve movements

-

-

10

-

At 30 November 2022

257

1,249,833

10

3,428

Total
£

At 1 December 2021

(3,526)

Profit for the year

60,854

Dividends

(53,800)

New share capital subscribed

1,250,000

Purchase of own share capital

(10)

Other capital redemption reserve movements

10

At 30 November 2022

1,253,528

 

Environmental Controls Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The company was formerly known as (formerly Ground Contamination Limited)..

The address of its registered office is:
Unit A7 The Arena
9 Nimrod Way
Ferndown
Wimborne
Dorset
BH21 7UH

The principal place of business is:
13A Westlink
Belbins Business Park
Cupernham Lane
Romsey
Hampshire
SO51 7JF

These financial statements were authorised for issue by the Board on 1 August 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Environmental Controls Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Environmental Controls Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,909,501

1,859,251

Subsidiaries

£

Cost or valuation

At 1 December 2022

1,859,251

Additions

50,250

At 30 November 2023

1,909,501

Carrying amount

At 30 November 2023

1,909,501

At 30 November 2022

1,859,251

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Environmental Controls Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Japanese Knotweed Limited

Unit A7 The Arena, 9 Nimrod Way, Ferndown, Wimborne, Dorset BH21 7UH.

England

A shares

95%

92.5%

Ground Contamination Limited

Unit A7 The Arena, 9 Nimrod Way, Ferndown, Wimborne, Dorset BH21 7UH.

England

Ordinary

100%

100%

Subsidiary undertakings

Japanese Knotweed Limited

The principal activity of Japanese Knotweed Limited is treatment and removal of japanese knotweed.

Ground Contamination Limited

The principal activity of Ground Contamination Limited is asbestos removal..

5

Debtors

2023
£

2022
£

Other debtors

660

1,627

Prepayments

-

4,420

660

6,047

 

Environmental Controls Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

-

3,036

Trade creditors

 

2,797

6,906

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

643,493

538,572

Accruals and deferred income

 

1,550

2,395

Other creditors

 

21,064

62,250

 

668,904

613,159

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A shares of £0.01 each

4,750

48

4,750

48

Ordinary B shares of £0.01 each

4,250

43

4,250

43

Ordinary D shares of £0.01 each

11,690

117

11,690

117

Ordinary E shares of £0.01 each

5,010

50

5,010

50

25,700

257

25,700

257

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

-

3,036

9

Dividends

Interim dividends paid

 

Environmental Controls Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

 

2023
£

2022
£

Interim dividend of £11.61 (2022 - £4.01) per each Ordinary A shares share

55,133

19,066

Interim dividend of £12.97 (2022 - £4.09) per each Ordinary B shares share

55,134

17,367

Interim dividend of £0 (2022 - £17.37) per each Ordinary C shares share

-

17,367

 

110,267

53,800

10

Related party transactions

Dividends paid to the directors during the year totalled £46,857 (2022: £16,330).

S Wreford is considered to be the entity's ultimate controlling party by virtue of his majority shareholding.

Summary of transactions with subsidiaries

During the year, inter-company transactions resulted in a balance of £643,493 (2022 - £538,571) being due to a subsidiary, Japanese Knotweed Limited, at the year-end.