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REGISTERED NUMBER: 01826227 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 March 2024

for

MAYLARCH ENVIRONMENTAL LIMITED

MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)






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




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 5

Balance Sheet 6

Statement of Changes in Equity 7

Notes to the Financial Statements 8


MAYLARCH ENVIRONMENTAL LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: B Smith
A Pharaon
R D J Fluckiger





REGISTERED OFFICE: Worton Rectory Farm
Worton
Witney
OX29 4SU





REGISTERED NUMBER: 01826227 (England and Wales)





AUDITORS: Camerons Accountancy Consultants Limited
Statutory Auditor
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)

Report of the Directors
for the year ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

B Smith
A Pharaon
R D J Fluckiger

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Camerons Accountancy Consultants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R D J Fluckiger - Director


6 August 2024

Report of the Independent Auditors to the Members of
Maylarch Environmental Limited

Opinion
We have audited the financial statements of Maylarch Environmental Limited (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note ten to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Report of the Independent Auditors to the Members of
Maylarch Environmental Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In determining the capability of the audit in detecting irregularities, misstatement and fraud we took in to account our knowledge and length of business relationship with the entity and prior year audit findings. This formed the basis of detection planning with the audit engagement team, with discussions as to how risk of fraud or irregularities may have changed over the course of the audited financial period. No areas of significant risk were identified surrounding irregularities.

We have considered the nature of the entity and the industry in which it operates. The company is bound to compliance with UK Companies Act 2006 and tax legislation as well as; Environmental & Planning Laws, Health & Safety, Employment Law and particularly Regulation 4 of the Control of Asbestos Regulations 2012.

We enquired of management directly as to any known or potential litigation claims with none stated and Directors are aware (in their report) of their duties in informing the auditors of any misstatements, fraud or irregularities.
All the above was kept in mind when performing all audit testing within areas of the financial statements with constant communication with the company's management were any queries over misstatement found.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam Woolford (Senior Statutory Auditor)
for and on behalf of Camerons Accountancy Consultants Limited
Statutory Auditor
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

7 August 2024

MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)

Income Statement
for the year ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 5,882,075 5,171,419

Cost of sales 4,428,748 3,904,757
GROSS PROFIT 1,453,327 1,266,662

Administrative expenses 1,215,523 1,283,469
237,804 (16,807 )

Other operating income (146,000 ) (156,216 )
OPERATING PROFIT/(LOSS) 4 91,804 (173,023 )

Interest receivable and similar income 1,260 23
93,064 (173,000 )

Interest payable and similar expenses 2,293 2,363
PROFIT/(LOSS) BEFORE TAXATION 90,771 (175,363 )

Tax on profit/(loss) (1,650 ) (27,848 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

92,421

(147,515

)

MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 176,278 410,881
Investment property 6 200,000 -
376,278 410,881

CURRENT ASSETS
Stocks 30,220 45,218
Debtors 7 1,076,046 891,199
Cash at bank 643,870 415,339
1,750,136 1,351,756
CREDITORS
Amounts falling due within one year 8 839,820 568,464
NET CURRENT ASSETS 910,316 783,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,286,594

1,194,173

CREDITORS
Amounts falling due after more than one
year

9

1,061,434

1,061,434
NET ASSETS 225,160 132,739

CAPITAL AND RESERVES
Called up share capital 55 55
Capital redemption reserve 45 45
Retained earnings 225,060 132,639
225,160 132,739

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





B Smith - Director


MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)

Statement of Changes in Equity
for the year ended 31 March 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2022 55 280,154 45 280,254

Changes in equity
Total comprehensive income - (147,515 ) - (147,515 )
Balance at 31 March 2023 55 132,639 45 132,739

Changes in equity
Total comprehensive income - 92,421 - 92,421
Balance at 31 March 2024 55 225,060 45 225,160

MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)

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

1. STATUTORY INFORMATION

Maylarch Environmental Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 50% on cost, 33% on cost, 25% on cost, 12.5% on cost and 10% on cost
Motor vehicles - 33% on cost, 25% on cost and 20% on cost
Computer equipment - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Freehold property held as investment property and has been revalued this year to reflect market value as per offers received from third party buyers and agreed by management.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax
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.

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.

MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)

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

2. ACCOUNTING POLICIES - continued

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 47 (2023 - 47 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 78,277 83,388

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 200,000 835,055 540,398 100,290 1,675,743
Additions - - 29,034 14,640 43,674
Disposals - (85,000 ) (51,128 ) - (136,128 )
Reclassification/transfer (200,000 ) - - - (200,000 )
At 31 March 2024 - 750,055 518,304 114,930 1,383,289
DEPRECIATION
At 1 April 2023 - 724,942 501,242 38,678 1,264,862
Charge for year - 36,575 20,257 21,445 78,277
Eliminated on disposal - (85,000 ) (51,128 ) - (136,128 )
At 31 March 2024 - 676,517 470,371 60,123 1,207,011
NET BOOK VALUE
At 31 March 2024 - 73,538 47,933 54,807 176,278
At 31 March 2023 200,000 110,113 39,156 61,612 410,881


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 200,000
At 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 411,942 145,761
Amounts owed by group undertakings 147,902 147,902
Other debtors 516,202 597,536
1,076,046 891,199

MAYLARCH ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 01826227)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 635,679 431,983
Taxation and social security 76,415 39,071
Other creditors 127,726 97,410
839,820 568,464

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,061,434 1,061,434

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.