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REGISTERED NUMBER: 04476109 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ENVIROCURE LIMITED

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENVIROCURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: L D Austin
J C Austin





SECRETARY: J C Austin





REGISTERED OFFICE: Salisbury House
Waterside Court
Neptune Way, Medway City Estate,
Rochester
Kent
ME2 4NZ





REGISTERED NUMBER: 04476109 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 531,746 383,835
531,746 383,835

CURRENT ASSETS
Stocks 9,781 9,865
Debtors 7 510,676 340,625
Cash at bank and in hand 752,055 623,534
1,272,512 974,024
CREDITORS
Amounts falling due within one year 8 637,798 423,186
NET CURRENT ASSETS 634,714 550,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,166,460

934,673

CREDITORS
Amounts falling due after more than one
year

9

(298,833

)

(175,770

)

PROVISIONS FOR LIABILITIES (19,720 ) (17,627 )
NET ASSETS 847,907 741,276

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 847,807 741,176
SHAREHOLDERS' FUNDS 847,907 741,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

BALANCE SHEET - continued
31 JULY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





L D Austin - Director


ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Envirocure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued

Turnover
Turnover 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. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2006, was amortised over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 12,000
AMORTISATION
At 1 August 2023
and 31 July 2024 12,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 268,097 22,135 69,354 377,359 736,945
Additions - 3,943 12,699 238,597 255,239
At 31 July 2024 268,097 26,078 82,053 615,956 992,184
DEPRECIATION
At 1 August 2023 90,660 20,337 46,933 195,180 353,110
Charge for year 5,362 1,435 8,780 91,751 107,328
At 31 July 2024 96,022 21,772 55,713 286,931 460,438
NET BOOK VALUE
At 31 July 2024 172,075 4,306 26,340 329,025 531,746
At 31 July 2023 177,437 1,798 22,421 182,179 383,835

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 256,539
Additions 238,597
Transfer to ownership (80,043 )
At 31 July 2024 415,093
DEPRECIATION
At 1 August 2023 122,305
Charge for year 76,099
Transfer to ownership (65,378 )
At 31 July 2024 133,026
NET BOOK VALUE
At 31 July 2024 282,067
At 31 July 2023 134,234

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 466,909 320,861
Other debtors 43,767 19,764
510,676 340,625

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 327,266 187,131
Hire purchase contracts and finance leases 70,088 50,604
Trade creditors 15,284 10,950
Taxation and social security 186,611 137,642
Other creditors 38,549 36,859
637,798 423,186

ENVIROCURE LIMITED (REGISTERED NUMBER: 04476109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 48,521 73,017
Hire purchase contracts and finance leases 250,312 102,753
298,833 175,770

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loans 76,201 100,081
Invoice Discounting 299,587 160,068
375,788 260,149

The loan is secured by way of a fixed and floating charge over the leasehold property and undertaking of the company.

The invoice discounting account is secured by way of a fixed and floating charge over the leasehold property and undertaking of the company.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £71,535 (2023: £46,069).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
L D Austin
Balance outstanding at start of year 2,518 (989 )
Amounts advanced 269,874 663,569
Amounts repaid (252,670 ) (660,062 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,722 2,518

The loan from the company to the director is unsecured, and repayable on demand. Interest was charged on the loan at the official rate per HMRC.

The invoice discounting shown in note 10 is secured by a personal guarantee of the director, Mr L Austin, to the value of £150,000.