Registered number
05201148
Envalue Solutions Limited
Filleted Accounts
31 August 2024
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
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