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Company No: 06470071 (England and Wales)

ENVIRON CONSULTANTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ENVIRON CONSULTANTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ENVIRON CONSULTANTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
ENVIRON CONSULTANTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 933,682 569,719
Investments 4 438,323 0
1,372,005 569,719
Current assets
Stocks 53,618 49,686
Debtors 5 2,333,238 1,985,849
Cash at bank and in hand 1,023,678 2,951,345
3,410,534 4,986,880
Creditors: amounts falling due within one year 6 ( 1,623,040) ( 1,038,251)
Net current assets 1,787,494 3,948,629
Total assets less current liabilities 3,159,499 4,518,348
Creditors: amounts falling due after more than one year 7 ( 467,526) ( 395,340)
Net assets 2,691,973 4,123,008
Capital and reserves
Called-up share capital 9 10,000 10,000
Profit and loss account 2,681,973 4,113,008
Total shareholder's funds 2,691,973 4,123,008

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Environ Consultants Limited (registered number: 06470071) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

S A Rowbottom
Director
ENVIRON CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ENVIRON CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Environ Consultants Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4, Watford Bridge Industrial Estate Watford Bridge Road, New Mills, High Peak, SK22 4HJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 10 years straight line
Vehicles 1 - 5 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 19

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 January 2023 799,421 391,700 36,369 24,153 1,251,643
Additions 390,917 130,309 5,776 24,947 551,949
At 31 December 2023 1,190,338 522,009 42,145 49,100 1,803,592
Accumulated depreciation
At 01 January 2023 453,396 177,397 36,116 15,015 681,924
Charge for the financial year 105,443 77,796 711 4,036 187,986
At 31 December 2023 558,839 255,193 36,827 19,051 869,910
Net book value
At 31 December 2023 631,499 266,816 5,318 30,049 933,682
At 31 December 2022 346,025 214,303 253 9,138 569,719

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 0 0
Additions 438,323 438,323
At 31 December 2023 438,323 438,323
Carrying value at 31 December 2023 438,323 438,323
Carrying value at 31 December 2022 0 0

5. Debtors

2023 2022
£ £
Trade debtors 358,692 213,702
Amounts owed by Group undertakings 9,043 7,030
Amounts owed by related parties 3,130 0
Amounts owed by directors 484,842 446,041
Prepayments and accrued income 507,374 102,444
Deferred tax asset 185,972 258,184
Other debtors 784,185 958,448
2,333,238 1,985,849

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 55,560 84,599
Trade creditors 218,077 192,381
Amounts owed to Group undertakings 1,050 1,050
Accruals and deferred income 1,020,661 151,870
Taxation and social security 142,868 453,321
Obligations under finance leases and hire purchase contracts 182,768 91,921
Other creditors 2,056 63,109
1,623,040 1,038,251

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 210,892 237,414
Obligations under finance leases and hire purchase contracts (secured) 256,634 157,926
467,526 395,340

Obligations under finance leases and hire purchase contracts are secured against the assets in which they relate to.

8. Deferred tax

2023 2022
£ £
At the beginning of financial year 258,184 156,878
(Charged)/credited to the Statement of Income and Retained Earnings ( 72,212) 101,306
At the end of financial year 185,972 258,184

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each 10,000 10,000

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
Amount owed to parent company 1,050 1,050

Dividends were declared during the year totalling £1,621,000 (2022: £699,376).

Transactions with the entity's directors

2023 2022
£ £
Amounts owed by directors 484,842 446,041

Advances were made to the directors during the year totalling £1,631,514, repayments were made totalling £1,621,000. Interest has been charged at a rate of 2.25% totalling £28,287. The amount outstanding at the year end was £484,842.