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Registered number: 08845379
CML Environmental Services Ltd
Financial Statements
For The Year Ended 30 January 2024
Friern Accountancy Ltd
92 Friern Gardens
Wickford
Essex
SS12 0HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08845379
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,323 13,876
10,323 13,876
CURRENT ASSETS
Stocks 5 53,000 71,146
Debtors 6 143,099 233,922
Cash at bank and in hand 27,529 9,030
223,628 314,098
Creditors: Amounts Falling Due Within One Year 7 (301,388 ) (275,405 )
NET CURRENT ASSETS (LIABILITIES) (77,760 ) 38,693
TOTAL ASSETS LESS CURRENT LIABILITIES (67,437 ) 52,569
NET (LIABILITIES)/ASSETS (67,437 ) 52,569
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (67,438 ) 52,568
SHAREHOLDERS' FUNDS (67,437) 52,569
Page 1
Page 2
For the year ending 30 January 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 Leslie Jefferson
Director
11/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CML Environmental Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08845379 . The registered office is 92 Friern Gardens, Wickford, Essex, SS12 0HD.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Plant & Machinery 25% on cost
Motor Vehicles 20% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 31 January 2023 60,785 2,024 62,809
Additions 2,112 - 2,112
As at 30 January 2024 62,897 2,024 64,921
Depreciation
As at 31 January 2023 48,204 729 48,933
Provided during the period 5,406 259 5,665
As at 30 January 2024 53,610 988 54,598
Net Book Value
As at 30 January 2024 9,287 1,036 10,323
As at 31 January 2023 12,581 1,295 13,876
5. Stocks
2024 2023
£ £
Materials 18,000 16,150
Work in progress 35,000 54,996
53,000 71,146
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,634 196,581
Amounts recoverable on contracts 4,376 -
VAT 48,705 21,957
127,715 218,538
Due after more than one year
Land and Sea Loan (1) (Debtors > 1 year) 15,384 15,384
143,099 233,922
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,287 12,935
Trade creditors 168,825 146,646
Bank loans and overdrafts 36,088 40,741
Corporation tax 47,909 43,081
Other taxes and social security 35,198 27,585
Business Credit Card (42 ) -
Accruals and deferred income 4,000 4,000
Director's loan account 123 417
301,388 275,405
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,287 12,935
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 72,500 70,000
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