Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07937902 2023-04-01 2024-03-31 07937902 2022-04-01 2023-03-31 07937902 2024-03-31 07937902 2023-03-31 07937902 c:Director1 2023-04-01 2024-03-31 07937902 d:PlantMachinery 2023-04-01 2024-03-31 07937902 d:PlantMachinery 2024-03-31 07937902 d:PlantMachinery 2023-03-31 07937902 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07937902 d:MotorVehicles 2023-04-01 2024-03-31 07937902 d:MotorVehicles 2024-03-31 07937902 d:MotorVehicles 2023-03-31 07937902 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07937902 d:FurnitureFittings 2023-04-01 2024-03-31 07937902 d:FurnitureFittings 2024-03-31 07937902 d:FurnitureFittings 2023-03-31 07937902 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07937902 d:OfficeEquipment 2023-04-01 2024-03-31 07937902 d:OfficeEquipment 2024-03-31 07937902 d:OfficeEquipment 2023-03-31 07937902 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07937902 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07937902 d:Goodwill 2023-04-01 2024-03-31 07937902 d:Goodwill 2024-03-31 07937902 d:Goodwill 2023-03-31 07937902 d:CurrentFinancialInstruments 2024-03-31 07937902 d:CurrentFinancialInstruments 2023-03-31 07937902 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07937902 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07937902 d:ShareCapital 2024-03-31 07937902 d:ShareCapital 2023-03-31 07937902 d:RetainedEarningsAccumulatedLosses 2024-03-31 07937902 d:RetainedEarningsAccumulatedLosses 2023-03-31 07937902 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07937902 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07937902 c:FRS102 2023-04-01 2024-03-31 07937902 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07937902 c:FullAccounts 2023-04-01 2024-03-31 07937902 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07937902 2 2023-04-01 2024-03-31 07937902 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07937902










ENVIROSURE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ENVIROSURE LIMITED
REGISTERED NUMBER: 07937902

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
9,186
12,248

  
9,186
12,248

Current assets
  

Debtors: amounts falling due within one year
 6 
3,744
17,017

Cash at bank and in hand
  
184,713
201,283

  
188,457
218,300

Creditors: amounts falling due within one year
 7 
(59,367)
(62,666)

Net current assets
  
 
 
129,090
 
 
155,634

Total assets less current liabilities
  
138,276
167,882

Provisions for liabilities
  

Deferred tax
 8 
(2,297)
(3,062)

  
 
 
(2,297)
 
 
(3,062)

Net assets
  
135,979
164,820


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
135,879
164,720

  
135,979
164,820

Page 1

 
ENVIROSURE LIMITED
REGISTERED NUMBER: 07937902
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S L Carter
Director
Date: 15 November 2024

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Envirosure Limited is a private company limited by shares and registered in England and Wales (07937902). The registered office address is 52 New Town, Uckfield, East Sussex, TN22 5DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

Page 3

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
4
years

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
Page 5

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 6

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 7

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
4,000



At 31 March 2024

4,000



Amortisation


At 1 April 2023
4,000



At 31 March 2024

4,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 8

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
16,000
38,950
414
475
55,839



At 31 March 2024

16,000
38,950
414
475
55,839



Depreciation


At 1 April 2023
16,000
26,702
414
475
43,591


Charge for the year on owned assets
-
3,062
-
-
3,062



At 31 March 2024

16,000
29,764
414
475
46,653



Net book value



At 31 March 2024
-
9,186
-
-
9,186



At 31 March 2023
-
12,248
-
-
12,248


6.


Debtors

2024
2023
£
£


Trade debtors
3,039
16,322

Other debtors
484
494

Prepayments and accrued income
221
201

3,744
17,017


Page 9

 
ENVIROSURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,359
823

Other taxation and social security
165
5,670

Other creditors
54,504
53,959

Accruals and deferred income
2,339
2,214

59,367
62,666



8.


Deferred taxation




2024


£






At beginning of year
(3,062)


Charged to profit or loss
765



At end of year
(2,297)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,297)
(3,062)

(2,297)
(3,062)


9.


Related party transactions

Included in other creditors is an interest free loan to the value of £54,504 (2023 - £53,959) due to the director of the company.

 
Page 10