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Registered number: 02378228
Envirochem Analytical Laboratories Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02378228
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 296,639 260,686
296,639 260,686
CURRENT ASSETS
Debtors 6 580,526 481,069
Cash at bank and in hand 593,480 580,316
1,174,006 1,061,385
Creditors: Amounts Falling Due Within One Year 7 (458,425 ) (269,236 )
NET CURRENT ASSETS (LIABILITIES) 715,581 792,149
TOTAL ASSETS LESS CURRENT LIABILITIES 1,012,220 1,052,835
PROVISIONS FOR LIABILITIES
Deferred Taxation (59,723 ) (58,672 )
NET ASSETS 952,497 994,163
CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Capital redemption reserve 4,940 4,940
Profit and Loss Account 946,457 988,123
SHAREHOLDERS' FUNDS 952,497 994,163
Page 1
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 C Mirzaians
Director
18 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Envirochem Analytical Laboratories Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02378228 . The registered office is 12 The Gardens, Broadcut, Fareham, Hampshire, PO16 8SS.
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 at the balance sheet date.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 1 year.
2.4. 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:
Leasehold over life of lease
Plant & Machinery 33% on cost
Motor Vehicles 25% on net book value
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 58 (2023: 52)
58 52
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 -
Additions 13,150
As at 31 March 2024 13,150
Amortisation
As at 1 April 2023 -
Provided during the period 13,150
As at 31 March 2024 13,150
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2023 11,249 1,045,540 1,056,789
Additions - 173,785 173,785
Disposals - (184,190 ) (184,190 )
As at 31 March 2024 11,249 1,035,135 1,046,384
Depreciation
As at 1 April 2023 1,411 794,692 796,103
Provided during the period 5,789 129,407 135,196
Disposals - (181,554 ) (181,554 )
As at 31 March 2024 7,200 742,545 749,745
Net Book Value
As at 31 March 2024 4,049 292,590 296,639
As at 1 April 2023 9,838 250,848 260,686
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 515,265 439,311
Other debtors 65,261 41,758
580,526 481,069
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 266,788 131,788
Bank loans and overdrafts - 1,461
Other creditors 12,164 5,961
Taxation and social security 179,473 130,026
458,425 269,236
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
9. Contingent Liabilities
The company has been issued with a prohibition notice by the HSE. This notice is specifically and solely related to the company’s Occupational Hygiene Services. The company has appealed the prohibition notice, therefore the outcome of this is not known or quantifiable.
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 80,750 -
Later than one year and not later than five years - 192,167
Later than five years 154,499 175,999
235,249 368,166
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Christopher Mirzaians 325 4,167 (325 ) - 4,167
Mr Raphael Mirzaians 322 417 (325 ) - 415
Mrs Stella Mirzaians 325 416 (325 ) - 416
Mr Matthew Hurst - 10,000 - - 10,000
The above loans are unsecured, interest free and repayable on demand.
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