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Registered number: 05579935
UK Environmental Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of UK Environmental Limited For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of UK Environmental Limited which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of UK Environmental Limited , as a body, in accordance with the terms of our engagement letter dated 13 December 2023. Our work has been undertaken solely to prepare for your approval the accounts of UK Environmental Limited and state those matters that we have agreed to state to the director of UK Environmental Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK Environmental Limited and its director as a body for our work or for this report.
It is your duty to ensure that UK Environmental Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of UK Environmental Limited . You consider that UK Environmental Limited 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 accounts of UK Environmental Limited . 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 financial statements.
Signed
11th September 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 05579935
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,361 177,995
Investments 5 100 -
115,461 177,995
CURRENT ASSETS
Debtors 6 1,229,184 1,139,741
Cash at bank and in hand 190,823 171,445
1,420,007 1,311,186
Creditors: Amounts Falling Due Within One Year 7 (1,463,046 ) (566,318 )
NET CURRENT ASSETS (LIABILITIES) (43,039 ) 744,868
TOTAL ASSETS LESS CURRENT LIABILITIES 72,422 922,863
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,841 ) (36,964 )
NET ASSETS 43,581 885,899
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 43,281 885,599
SHAREHOLDERS' FUNDS 43,581 885,899
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Amar Seth
Director
11th September 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
UK Environmental Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05579935 . The registered office is Unit 3, Building 2, The Colony Wilmslow , Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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 work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% Straight line method
Plant & Machinery 20% Straight line method
Computer Equipment 25% Reducing balance method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 31,666 - 223,300 14,938 269,904
Additions 15,279 - - - 15,279
Disposals (33,445 ) - (72,400 ) (9,703 ) (115,548 )
As at 31 March 2024 13,500 - 150,900 5,235 169,635
Depreciation
As at 1 April 2023 4,486 - 76,569 10,854 91,909
Provided during the period 1,035 - 37,421 680 39,136
Disposals (5,296 ) - (64,158 ) (7,317 ) (76,771 )
As at 31 March 2024 225 - 49,832 4,217 54,274
Net Book Value
As at 31 March 2024 13,275 - 101,068 1,018 115,361
As at 1 April 2023 27,180 - 146,731 4,084 177,995
5. Investments
Unlisted
£
Cost
As at 1 April 2023 -
Additions 100
As at 31 March 2024 100
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 100
As at 1 April 2023 -
North Eastern Limited
Registered office: United Kingdom
Nature of business: Waste recycling
100%
Class of shares: Holding
100 Ordinary 
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 104,842 1,131,870
Amounts owed by group undertakings 1,599 6,350
Other debtors 1,122,743 1,521
1,229,184 1,139,741
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 313,058 143,235
Amounts owed to group undertakings 154,180 321,838
Other creditors 876,513 92,104
Taxation and social security 119,295 9,141
1,463,046 566,318
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 36,964 36,964
Additions (8,123 ) (8,123)
Balance at 31 March 2024 28,841 28,841
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
300 Ordinary Shares of £ 1 each 300 300
10. Related Party Transactions
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.
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