11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 510 510 510 xbrli:pure xbrli:shares iso4217:GBP 08836688 2023-02-01 2024-01-31 08836688 2024-01-31 08836688 2023-01-31 08836688 2022-02-01 2023-01-31 08836688 2023-01-31 08836688 2022-01-31 08836688 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08836688 core:PlantMachinery 2023-02-01 2024-01-31 08836688 core:FurnitureFittings 2023-02-01 2024-01-31 08836688 core:MotorVehicles 2023-02-01 2024-01-31 08836688 bus:Director3 2023-02-01 2024-01-31 08836688 bus:Director1 2023-02-01 2024-01-31 08836688 core:LandBuildings 2023-01-31 08836688 core:PlantMachinery 2023-01-31 08836688 core:FurnitureFittingsToolsEquipment 2023-01-31 08836688 core:MotorVehicles 2023-01-31 08836688 core:LandBuildings 2024-01-31 08836688 core:PlantMachinery 2024-01-31 08836688 core:FurnitureFittingsToolsEquipment 2024-01-31 08836688 core:MotorVehicles 2024-01-31 08836688 core:LandBuildings 2023-02-01 2024-01-31 08836688 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 08836688 core:WithinOneYear 2024-01-31 08836688 core:WithinOneYear 2023-01-31 08836688 core:AfterOneYear 2024-01-31 08836688 core:AfterOneYear 2023-01-31 08836688 core:ShareCapital 2024-01-31 08836688 core:ShareCapital 2023-01-31 08836688 core:CapitalRedemptionReserve 2024-01-31 08836688 core:RetainedEarningsAccumulatedLosses 2024-01-31 08836688 core:RetainedEarningsAccumulatedLosses 2023-01-31 08836688 core:LandBuildings 2023-01-31 08836688 core:PlantMachinery 2023-01-31 08836688 core:FurnitureFittingsToolsEquipment 2023-01-31 08836688 core:MotorVehicles 2023-01-31 08836688 bus:Director1 2023-01-31 08836688 bus:Director1 2024-01-31 08836688 bus:Director3 2024-01-31 08836688 bus:Director1 2022-01-31 08836688 bus:Director1 2023-01-31 08836688 bus:Director1 2022-02-01 2023-01-31 08836688 bus:SmallEntities 2023-02-01 2024-01-31 08836688 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08836688 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08836688 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08836688 bus:FullAccounts 2023-02-01 2024-01-31 08836688 core:OfficeEquipment 2023-02-01 2024-01-31 08836688 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 08836688 core:IntangibleAssetsOtherThanGoodwill 2024-01-31 08836688 core:IntangibleAssetsOtherThanGoodwill 2023-01-31 08836688 core:OtherPropertyPlantEquipment 2023-01-31 08836688 core:OtherPropertyPlantEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 08836688
Direct Enviro Services Limited
Filleted Unaudited Financial Statements
31 January 2024
Direct Enviro Services Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
510
510
Tangible assets
6
757,379
631,378
---------
---------
757,889
631,888
Current assets
Stocks
3,000
3,000
Debtors
7
384,063
98,741
Cash at bank and in hand
40,637
28,257
---------
---------
427,700
129,998
Creditors: amounts falling due within one year
8
337,373
253,122
---------
---------
Net current assets/(liabilities)
90,327
( 123,124)
---------
---------
Total assets less current liabilities
848,216
508,764
Creditors: amounts falling due after more than one year
9
268,991
280,314
Provisions
Taxation including deferred tax
185,112
105,025
---------
---------
Net assets
394,113
123,425
---------
---------
Capital and reserves
Called up share capital
3
3
Capital redemption reserve
3,578
Profit and loss account
390,532
123,422
---------
---------
Shareholders funds
394,113
123,425
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Direct Enviro Services Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
W J M Clarke
Director
Company registration number: 08836688
Direct Enviro Services Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sportsman Farm, St Michaels, Tenterden, Kent, TN30 6SY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements
-
5% straight line
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
15% reducing balance
Commercial motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance
Tractor type vehicles
-
12% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 10 ).
5. Intangible assets
Intangible asset - WC14 DES plate
£
Cost
At 1 February 2023 and 31 January 2024
510
----
Amortisation
At 1 February 2023 and 31 January 2024
----
Carrying amount
At 31 January 2024
510
----
At 31 January 2023
510
----
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Tractor type vehicles
Total
£
£
£
£
£
£
Cost
At 1 Feb 2023
5,560
404,977
11,980
124,598
424,500
971,615
Additions
11,648
170,978
3,430
198,107
384,163
Disposals
( 113,689)
( 35,354)
( 149,043)
--------
---------
--------
---------
---------
------------
At 31 Jan 2024
17,208
462,266
15,410
287,351
424,500
1,206,735
--------
---------
--------
---------
---------
------------
Depreciation
At 1 Feb 2023
1,377
229,139
7,944
50,837
50,940
340,237
Charge for the year
791
56,306
1,774
60,896
44,827
164,594
Disposals
( 48,404)
( 7,071)
( 55,475)
--------
---------
--------
---------
---------
------------
At 31 Jan 2024
2,168
237,041
9,718
104,662
95,767
449,356
--------
---------
--------
---------
---------
------------
Carrying amount
At 31 Jan 2024
15,040
225,225
5,692
182,689
328,733
757,379
--------
---------
--------
---------
---------
------------
At 31 Jan 2023
4,183
175,838
4,036
73,761
373,560
631,378
--------
---------
--------
---------
---------
------------
7. Debtors
2024
2023
£
£
Trade debtors
254,103
91,424
Other debtors
129,960
7,317
---------
--------
384,063
98,741
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,950
18,785
Trade creditors
74,784
25,616
Corporation tax
13,894
Social security and other taxes
38,086
14,562
Other creditors
208,659
194,159
---------
---------
337,373
253,122
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
268,991
280,314
---------
---------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
N J Clarke
( 81,932)
5,132
( 76,800)
W J M Clarke
128,960
128,960
--------
---------
---------
( 81,932)
134,092
52,160
--------
---------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
N J Clarke
( 71,665)
( 10,266)
(81,931)
W J M Clarke
--------
--------
--------
( 71,665)
( 10,266)
(81,931)
--------
--------
--------
11. Off-balance sheet arrangements
Included in the accounts is £61.67 per month for the rental of office equipment. The operating lease agreement operates for 36 months from March 2022