23 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC179932 2023-04-01 2024-03-31 SC179932 2024-03-31 SC179932 2023-03-31 SC179932 2022-04-01 2023-03-31 SC179932 2023-03-31 SC179932 2022-03-31 SC179932 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 SC179932 core:PlantMachinery 2023-04-01 2024-03-31 SC179932 core:FurnitureFittings 2023-04-01 2024-03-31 SC179932 core:MotorVehicles 2023-04-01 2024-03-31 SC179932 bus:Director4 2023-04-01 2024-03-31 SC179932 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 SC179932 core:PlantMachinery 2023-03-31 SC179932 core:FurnitureFittings 2023-03-31 SC179932 core:MotorVehicles 2023-03-31 SC179932 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 SC179932 core:PlantMachinery 2024-03-31 SC179932 core:FurnitureFittings 2024-03-31 SC179932 core:MotorVehicles 2024-03-31 SC179932 core:WithinOneYear 2024-03-31 SC179932 core:WithinOneYear 2023-03-31 SC179932 core:AfterOneYear 2024-03-31 SC179932 core:AfterOneYear 2023-03-31 SC179932 core:ShareCapital 2024-03-31 SC179932 core:ShareCapital 2023-03-31 SC179932 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC179932 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC179932 core:BetweenOneFiveYears 2023-03-31 SC179932 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 SC179932 core:PlantMachinery 2023-03-31 SC179932 core:FurnitureFittings 2023-03-31 SC179932 core:MotorVehicles 2023-03-31 SC179932 bus:SmallEntities 2023-04-01 2024-03-31 SC179932 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC179932 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC179932 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC179932 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: SC179932
Envirosan Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Envirosan Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Envirosan Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
971,775
1,085,435
Current assets
Stocks
7,550
7,200
Debtors
6
318,422
314,144
Cash at bank and in hand
102,389
145,468
---------
---------
428,361
466,812
Creditors: amounts falling due within one year
7
375,521
423,646
---------
---------
Net current assets
52,840
43,166
------------
------------
Total assets less current liabilities
1,024,615
1,128,601
Creditors: amounts falling due after more than one year
8
461,835
659,912
Provisions
186,344
192,849
------------
------------
Net assets
376,436
275,840
------------
------------
Envirosan Limited
Statement of Financial Position (continued)
31 March 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
2,800
2,800
Profit and loss account
373,636
273,040
---------
---------
Shareholders funds
376,436
275,840
---------
---------
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 income and retained earnings has not been delivered.
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.
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 .
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mr G Sherry
Director
Company registration number: SC179932
Envirosan Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 10 Castlehill Industrial Estate, Craignethan Road, Carluke, South Lanarkshire, ML8 5WB, Scotland.
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. 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the state of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Trailers & other plant
-
20% reducing balance
Toilets
-
5% reducing balance
Pump units & hand washes
-
5% reducing balance
Motor vehicles
-
15% reducing balance
Fixtures & fittings
-
15 % 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.
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.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution pension plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 23 (2023: 27 ).
5. Tangible assets
Trailers & other plant
Toilets
Pump units & hand washes
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
£
Cost
At 1 Apr 2023
27,851
344,007
48,799
1,178,949
91,866
1,691,472
Additions
2,100
1,250
29,940
7,030
40,320
Disposals
( 6,816)
( 11,005)
( 7,320)
( 75,291)
(3,126)
( 103,558)
--------
---------
--------
------------
--------
------------
At 31 Mar 2024
23,135
333,002
42,729
1,133,598
95,770
1,628,234
--------
---------
--------
------------
--------
------------
Depreciation
At 1 Apr 2023
20,167
113,213
27,374
423,567
21,716
606,037
Charge for the year
1,957
12,035
1,095
115,167
3,540
133,794
Disposals
( 5,807)
( 2,022)
( 3,663)
( 69,906)
(1,974)
( 83,372)
--------
---------
--------
------------
--------
------------
At 31 Mar 2024
16,317
123,226
24,806
468,828
23,282
656,459
--------
---------
--------
------------
--------
------------
Carrying amount
At 31 Mar 2024
6,818
209,776
17,923
664,770
72,488
971,775
--------
---------
--------
------------
--------
------------
At 31 Mar 2023
7,684
230,794
21,425
755,382
70,150
1,085,435
--------
---------
--------
------------
--------
------------
6. Debtors
2024
2023
£
£
Trade debtors
318,422
313,844
Other debtors
300
---------
---------
318,422
314,144
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
56,209
51,319
Trade creditors
59,238
81,785
Corporation tax
40
40
Social security and other taxes
68,452
67,877
Other creditors
191,582
222,625
---------
---------
375,521
423,646
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
77,946
134,155
Other creditors
383,889
525,757
---------
---------
461,835
659,912
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
3,662
8,791
Later than 1 year and not later than 5 years
3,663
-------
--------
3,662
12,454
-------
--------
10. Charges on assets
Creditors include bank loans and net obligations under hire purchase contracts which are secured of £549,959 (2023 - £687,797).
11. Directors' advances, credits and guarantees
The directors' loan account was not in debit at any time during the year.