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REGISTERED NUMBER: 02796278 (England and Wales)















Severn Environmental Engineering Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Severn Environmental Engineering Ltd (Registered number: 02796278)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Severn Environmental Engineering Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J C Waters





REGISTERED OFFICE: 38-39 Springvale Industrial Estate
Cwmbran
NP44 5BD





REGISTERED NUMBER: 02796278 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

Severn Environmental Engineering Ltd (Registered number: 02796278)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,220 6,036

CURRENT ASSETS
Stocks 20,012 30,535
Debtors 5 313,143 482,055
Cash at bank and in hand 110,999 58,917
444,154 571,507
CREDITORS
Amounts falling due within one year 6 132,769 201,678
NET CURRENT ASSETS 311,385 369,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,605

375,865

CREDITORS
Amounts falling due after more than one year 7 50,033 1,455
NET ASSETS 350,572 374,410

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 350,570 374,408
350,572 374,410

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 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.

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 15 August 2024 and were signed by:





J C Waters - Director


Severn Environmental Engineering Ltd (Registered number: 02796278)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Severn Environmental Engineering Ltd 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.

The directors have reviewed the going concern of the company for a period of less than 12 months from the date of approving the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 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.

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.

Severn Environmental Engineering Ltd (Registered number: 02796278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 93,316 25,317 85,938 204,571
Additions - - 96,320 96,320
At 31 March 2024 93,316 25,317 182,258 300,891
DEPRECIATION
At 1 April 2023 89,646 25,310 83,579 198,535
Charge for year 732 - 12,404 13,136
At 31 March 2024 90,378 25,310 95,983 211,671
NET BOOK VALUE
At 31 March 2024 2,938 7 86,275 89,220
At 31 March 2023 3,670 7 2,359 6,036

Severn Environmental Engineering Ltd (Registered number: 02796278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 25,063
Additions 73,520
Transfer to ownership (25,063 )
At 31 March 2024 73,520
DEPRECIATION
At 1 April 2023 22,715
Charge for year 12,404
Transfer to ownership (23,302 )
At 31 March 2024 11,817
NET BOOK VALUE
At 31 March 2024 61,703
At 31 March 2023 2,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 258,368 418,678
Other debtors 54,775 63,377
313,143 482,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 9,370 5,040
Trade creditors 41,321 94,680
Taxation and social security 63,437 88,090
Other creditors 18,641 13,868
132,769 201,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 50,033 1,455

Severn Environmental Engineering Ltd (Registered number: 02796278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 59,403 6,495

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
W Harris
Balance outstanding at start of year - 50,000
Amounts repaid - (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J C Waters
Balance outstanding at start of year 11,500 11,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,500 11,500