IRIS Accounts Production v24.2.0.383 05980634 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059806342022-12-31059806342023-12-31059806342023-01-012023-12-31059806342021-12-31059806342022-01-012022-12-31059806342022-12-3105980634ns15:EnglandWales2023-01-012023-12-3105980634ns14:PoundSterling2023-01-012023-12-3105980634ns10:Director12023-01-012023-12-3105980634ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105980634ns10:SmallEntities2023-01-012023-12-3105980634ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105980634ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105980634ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105980634ns10:FullAccounts2023-01-012023-12-310598063412023-01-012023-12-3105980634ns5:CurrentFinancialInstruments2023-12-3105980634ns5:CurrentFinancialInstruments2022-12-3105980634ns5:Non-currentFinancialInstruments2023-12-3105980634ns5:Non-currentFinancialInstruments2022-12-3105980634ns5:ShareCapital2023-12-3105980634ns5:ShareCapital2022-12-3105980634ns5:RetainedEarningsAccumulatedLosses2023-12-3105980634ns5:RetainedEarningsAccumulatedLosses2022-12-3105980634ns10:RegisteredOffice2023-01-012023-12-3105980634ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105980634ns5:PlantMachinery2023-01-012023-12-3105980634ns5:FurnitureFittings2023-01-012023-12-3105980634ns5:MotorVehicles2023-01-012023-12-3105980634ns5:ComputerSoftware2022-12-3105980634ns5:ComputerSoftware2023-01-012023-12-3105980634ns5:ComputerSoftware2023-12-3105980634ns5:ComputerSoftware2022-12-3105980634ns5:PlantMachinery2022-12-3105980634ns5:FurnitureFittings2022-12-3105980634ns5:MotorVehicles2022-12-3105980634ns5:PlantMachinery2023-12-3105980634ns5:FurnitureFittings2023-12-3105980634ns5:MotorVehicles2023-12-3105980634ns5:PlantMachinery2022-12-3105980634ns5:FurnitureFittings2022-12-3105980634ns5:MotorVehicles2022-12-3105980634ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3105980634ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3105980634ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3105980634ns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3105980634ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3105980634ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-12-3105980634ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3105980634ns5:LeasedAssetsHeldAsLessee2023-12-3105980634ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:LeasedAssetsHeldAsLessee2022-12-3105980634ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105980634ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105980634ns5:Secured2023-12-3105980634ns5:Secured2022-12-31
REGISTERED NUMBER: 05980634 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Environmental Essentials (UK) Limited

Environmental Essentials (UK) Limited (Registered number: 05980634)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Environmental Essentials (UK) Limited (Registered number: 05980634)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 2,458 2,984
Tangible assets 6 473,700 309,373
476,158 312,357

CURRENT ASSETS
Debtors 7 1,361,078 1,115,816
Cash at bank and in hand 138,090 379,501
1,499,168 1,495,317
CREDITORS
Amounts falling due within one year 8 1,055,444 1,042,495
NET CURRENT ASSETS 443,724 452,822
TOTAL ASSETS LESS CURRENT LIABILITIES 919,882 765,179

CREDITORS
Amounts falling due after more than one year 9 (176,681 ) (167,284 )

PROVISIONS FOR LIABILITIES (118,425 ) (58,781 )
NET ASSETS 624,776 539,114

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 624,676 539,014
SHAREHOLDERS' FUNDS 624,776 539,114

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.

Environmental Essentials (UK) Limited (Registered number: 05980634)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Mr L D Johnson - Director


Environmental Essentials (UK) Limited (Registered number: 05980634)

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

1. STATUTORY INFORMATION

Environmental Essentials (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05980634

Registered office: Wood House
Etruria Road
Hanley
Stoke on Trent
Staffordshire
ST1 5NQ

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Intangible assets
Intangible asses are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Lease agreements are amortised evenly over the 5 year length of the lease.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Environmental Essentials (UK) Limited (Registered number: 05980634)

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

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2022 - 68 ) .

5. INTANGIBLE FIXED ASSETS
Lease
Agreements
£   
COST
At 1 January 2023
and 31 December 2023 3,511
AMORTISATION
At 1 January 2023 527
Amortisation for year 526
At 31 December 2023 1,053
NET BOOK VALUE
At 31 December 2023 2,458
At 31 December 2022 2,984

Environmental Essentials (UK) Limited (Registered number: 05980634)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 315,498 37,845 87,894 441,237
Additions 158,445 2,043 147,004 307,492
Disposals - (2,000 ) - (2,000 )
At 31 December 2023 473,943 37,888 234,898 746,729
DEPRECIATION
At 1 January 2023 120,140 6,841 4,883 131,864
Charge for year 78,563 7,788 54,981 141,332
Eliminated on disposal - (167 ) - (167 )
At 31 December 2023 198,703 14,462 59,864 273,029
NET BOOK VALUE
At 31 December 2023 275,240 23,426 175,034 473,700
At 31 December 2022 195,358 31,004 83,011 309,373

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 - 29,735 84,054 113,789
Additions 99,986 - 147,004 246,990
At 31 December 2023 99,986 29,735 231,058 360,779
DEPRECIATION
At 1 January 2023 - 5,575 4,670 10,245
Charge for year 20,830 6,040 53,772 80,642
At 31 December 2023 20,830 11,615 58,442 90,887
NET BOOK VALUE
At 31 December 2023 79,156 18,120 172,616 269,892
At 31 December 2022 - 24,160 79,384 103,544

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,230,975 1,072,891
Other debtors 130,103 42,925
1,361,078 1,115,816

Environmental Essentials (UK) Limited (Registered number: 05980634)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 32,500
Hire purchase contracts 166,365 95,564
Trade creditors 269,331 150,708
Taxation and social security 373,670 351,024
Other creditors 226,078 412,699
1,055,444 1,042,495

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 10,000 30,000
Hire purchase contracts 166,681 137,284
176,681 167,284

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 333,046 232,848
Factoring facility 103,324 353,935
436,370 586,783

The factoring facility is secured against all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

Hire purchase debts are secured against the assets to which they relate.

11. OTHER FINANCIAL COMMITMENTS

At the reporting year end date the company had outstanding commitments operating leases totalling £460,211 (2022: £153,000).