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REGISTERED NUMBER: 07229903 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023

FOR

ENVIROPAX LIMITED

ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENVIROPAX LIMITED

COMPANY INFORMATION
for the Period 1 October 2022 to 31 December 2023







DIRECTOR: P Malcolm





REGISTERED OFFICE: Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD





REGISTERED NUMBER: 07229903 (England and Wales)






ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 281,594 -
Tangible assets 5 2,415,515 1,251,412
2,697,109 1,251,412

CURRENT ASSETS
Stocks 570,676 761,632
Debtors 6 1,704,861 2,208,648
Cash at bank 4,120 13,929
2,279,657 2,984,209
CREDITORS
Amounts falling due within one year 7 3,770,805 4,152,515
NET CURRENT LIABILITIES (1,491,148 ) (1,168,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,205,961

83,106

CREDITORS
Amounts falling due after more than one
year

8

2,596,644

1,671,290
NET LIABILITIES (1,390,683 ) (1,588,184 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,390,684 ) (1,588,185 )
SHAREHOLDERS' FUNDS (1,390,683 ) (1,588,184 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903)

BALANCE SHEET - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





P Malcolm - Director


ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 October 2022 to 31 December 2023

1. STATUTORY INFORMATION

Enviropax 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.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software development costs are being amortised evenly over their estimated useful life of 10 years.

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 - 6.67% on cost
Tooling - 6.67% on cost
Motor vehicles - 20% on cost
Computer equipment - 10% on cost

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

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

FINANCIAL INSTRUMENTS
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, invoice factoring creditor and directors' loans.

Trade debtors, trade creditors, Invoice factoring creditor and directors' loans (being repayable on demand), are measured at the undiscounted amount of the cash or consideration expected to be paid or received.


ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the period 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 period 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.

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.

GOING CONCERN
As at 31 December 2023 the company and had net liabilities of £1,390,683 The company is dependent, in the absence of other funding, on the continued financial support of its director. The director has confirmed their commitment to provide the necessary support.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the director were not to provide further support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 40 (2022 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 281,594
At 31 December 2023 281,594
NET BOOK VALUE
At 31 December 2023 281,594

ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery Tooling vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 1,334,975 1,930,281 60,898 89,536 3,415,690
Additions 761,344 665,878 26,491 29,918 1,483,631
At 31 December 2023 2,096,319 2,596,159 87,389 119,454 4,899,321
DEPRECIATION
At 1 October 2022 778,076 1,321,247 16,239 48,716 2,164,278
Charge for period 152,054 141,377 15,712 10,385 319,528
At 31 December 2023 930,130 1,462,624 31,951 59,101 2,483,806
NET BOOK VALUE
At 31 December 2023 1,166,189 1,133,535 55,438 60,353 2,415,515
At 30 September 2022 556,899 609,034 44,659 40,820 1,251,412

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 963,619 1,431,408
Other debtors 511,192 537,249
Directors' current accounts - 83,359
Corporation tax 94,613 95,211
Prepayments and accrued income 135,437 61,421
1,704,861 2,208,648

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 163,081 137,371
Trade creditors 2,161,179 1,742,192
Taxation and social security 364,523 257,725
Other creditors 1,072,022 2,005,227
3,770,805 4,152,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 26,667
Hire purchase contracts 744,393 155,671
Trade creditors 174,041 174,041
Other creditors 1,664,043 1,314,911
2,596,644 1,671,290

ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2022 to 31 December 2023

9. SECURED DEBTS

The hire purchase obligations are secure upon the assets to which the finance relates.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director owed the company £NIL (2022 £83,359) interest has been charged on the loan & is repayable on demand.