Envalue Solutions Limited |
Registered number: |
05201148 |
Balance Sheet |
as at 31 August 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
242,101 |
|
|
242,863 |
|
Current assets |
Debtors |
4 |
|
4,729 |
|
|
12,945 |
Investments held as current assets |
5 |
|
83,191 |
|
|
83,191 |
Cash at bank and in hand |
|
|
632,839 |
|
|
655,290 |
|
|
|
720,759 |
|
|
751,426 |
|
Creditors: amounts falling due within one year |
6 |
|
(9,831) |
|
|
5,490 |
|
Net current assets |
|
|
|
710,928 |
|
|
756,916 |
|
Total assets less current liabilities |
|
|
|
953,029 |
|
|
999,779 |
|
|
Provisions for liabilities |
|
|
|
(12,745) |
|
|
(12,745) |
|
|
Net assets |
|
|
|
940,284 |
|
|
987,034 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
90 |
|
|
90 |
Revaluation reserve |
7 |
|
|
54,336 |
|
|
54,336 |
Profit and loss account |
|
|
|
885,858 |
|
|
932,608 |
|
Shareholders' funds |
|
|
|
940,284 |
|
|
987,034 |
|
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
J Arch |
Director |
Approved by the board on 11 September 2024 |
|
Envalue Solutions Limited |
Notes to the Accounts |
for the year ended 31 August 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Land and buildings are presented after revaluation. Depreciation is provided on all tangible fixed assets, other than land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 2 years, 4 years and 10 years |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2023 |
242,101 |
|
28,113 |
|
270,214 |
|
At 31 August 2024 |
242,101 |
|
28,113 |
|
270,214 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2023 |
- |
|
27,351 |
|
27,351 |
|
Charge for the year |
- |
|
762 |
|
762 |
|
At 31 August 2024 |
- |
|
28,113 |
|
28,113 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2024 |
242,101 |
|
- |
|
242,101 |
|
At 31 August 2023 |
242,101 |
|
762 |
|
242,863 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
£ |
£ |
|
Historical cost |
175,020 |
|
175,020 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
175,020 |
|
175,020 |
|
The Directors have assessed the values of investment properties at the balance sheet date (and at the the equivalent point for the previous year) by reference to known local market valuations and have reflected these valuations in these accounts. |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
4,729 |
|
12,945 |
|
|
|
|
|
|
|
|
|
|
5 |
Investments held as current assets |
2024 |
|
2023 |
£ |
£ |
|
Fair value |
|
Unlisted investments |
83,191 |
|
83,191 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Taxation and social security costs |
8,906 |
|
(6,415) |
|
Other creditors |
925 |
|
925 |
|
|
|
|
|
|
9,831 |
|
(5,490) |
|
|
|
|
|
|
|
|
|
|
7 |
Revaluation reserve |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 September 2023 |
54,336 |
|
19,413 |
|
Gain on revaluation of land and buildings |
- |
|
43,114 |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(8,191) |
|
|
At 31 August 2024 |
54,336 |
|
54,336 |
|
|
|
|
|
|
|
|
|
|
8 |
Related party transactions |
|
|
The company paid dividends totalling £67,050 to Mr J Arch and Mrs P Arch. Both are Directors and shareholders. |
|
9 |
Other information |
|
|
Envalue Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Aston Cottage |
|
Weston Lullingfields |
|
Shrewsbury |
|
Shropshire |
|
SY4 2AW |