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REGISTERED NUMBER: 09662640 (England and Wales)















Envirobuild Materials Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Envirobuild Materials Ltd (Registered number: 09662640)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Envirobuild Materials Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Envirobuild Materials Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Envirobuild Materials Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Envirobuild Materials Ltd and state those matters that we have agreed to state to the Board of Directors of Envirobuild Materials Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Envirobuild Materials Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Envirobuild Materials Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Envirobuild Materials Ltd. You consider that Envirobuild Materials Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Envirobuild Materials Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ


8 July 2024

Envirobuild Materials Ltd (Registered number: 09662640)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,206 80,894

CURRENT ASSETS
Stocks 2,541,435 2,835,140
Debtors 5 1,267,332 1,739,244
Prepayments and accrued income - 13,042
Cash at bank 319,860 176,334
4,128,627 4,763,760
CREDITORS
Amounts falling due within one year 6 1,030,815 2,014,704
NET CURRENT ASSETS 3,097,812 2,749,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,248,018

2,829,950

CREDITORS
Amounts falling due after more than one
year

7

-

(12,177

)

PROVISIONS FOR LIABILITIES (314,435 ) (321,947 )
NET ASSETS 2,933,583 2,495,826

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 2,933,483 2,495,726
2,933,583 2,495,826

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Envirobuild Materials Ltd (Registered number: 09662640)

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 Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





Mr J Brueton - Director


Envirobuild Materials Ltd (Registered number: 09662640)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Envirobuild Materials Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09662640 and its registered address is 25 Lavington Street, London, England, SE1 0NZ.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
- the Company has transferred the significant risks and rewards of ownership to the buyer
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold
- the amount of revenue can be measured reliably
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Development costs are being amortised evenly over their estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 50% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% 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.


Envirobuild Materials Ltd (Registered number: 09662640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company makes payments to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Warranties
Warranties are provided for on the basis of a reasonable expectation that a customer may make a claim in the first three years after installation. Each year 1% of income is provided and adjusted to reflect any claims made.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 43 ) .

Envirobuild Materials Ltd (Registered number: 09662640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 15,103 39,200 56,823 111,126
Additions 48,194 42,736 26,207 117,137
Disposals - (7,110 ) (17,169 ) (24,279 )
At 31 December 2023 63,297 74,826 65,861 203,984
DEPRECIATION
At 1 January 2023 2,472 4,960 22,800 30,232
Charge for year 10,566 10,571 17,391 38,528
Eliminated on disposal - (2,282 ) (12,700 ) (14,982 )
At 31 December 2023 13,038 13,249 27,491 53,778
NET BOOK VALUE
At 31 December 2023 50,259 61,577 38,370 150,206
At 31 December 2022 12,631 34,240 34,023 80,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 522,760 957,509
Other debtors 744,572 781,735
1,267,332 1,739,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5 459,855
Trade creditors 193,021 186,868
Taxation and social security 137,560 221,041
Other creditors 700,229 1,146,940
1,030,815 2,014,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors - 12,177

Envirobuild Materials Ltd (Registered number: 09662640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 2,495,726
Profit for the year 437,757
At 31 December 2023 2,933,483

9. ULTIMATE CONTROLLING PARTY

The company is under the control of CWA Ventures Ltd of which the ultimate controlling parties are Mr J Brueton and Mr A Bell. The company registered office is Heathmans House, 19 Heathmans Road, London, SW6 4TJ.