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REGISTERED NUMBER: SC285830 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Environmental Processes Ltd

Environmental Processes Ltd (Registered number: SC285830)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Environmental Processes Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Alan John Evett





REGISTERED OFFICE: 13 Golden Square
Aberdeen
Aberdeenshire
AB10 1RH





REGISTERED NUMBER: SC285830 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

Environmental Processes Ltd (Registered number: SC285830)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 250 414
250 414

CURRENT ASSETS
Stocks 700 -
Debtors 7 35,916 55,356
Cash at bank 24,369 14,971
60,985 70,327
CREDITORS
Amounts falling due within one year 8 115,028 142,055
NET CURRENT LIABILITIES (54,043 ) (71,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(53,793

)

(71,314

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (53,893 ) (71,414 )
(53,793 ) (71,314 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 29 November 2024 and were signed by:



Alan John Evett - Director


Environmental Processes Ltd (Registered number: SC285830)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Environmental Processes Ltd is a private company, limited by shares , registered in Scotland. 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 provisions of Section 1A "Small Entities" 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying mount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Revenue from contracts is recognised by reference to the stage of completion of the contract activity at the balance sheet date. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Environmental Processes Ltd (Registered number: SC285830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line or reducing balance basis over its expected useful life as follows:-

Plant and machinery - 5 years straight line
Vehicles - 3 years straight line
Fixtures and fittings - 33% reducing balance.

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain ir loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets
Assets other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value. Cost includes materials, direct labour and an attributable portion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in,first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit
or loss. Reversals of impairment losses are also recognised in the profit or loss.

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
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Environmental Processes Ltd (Registered number: SC285830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

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.

Going concern
While the company has made a profit for the year the company has net liabilities and net current liabilities at the period end.

Post year end, the company continues to trade profitably.

Included within creditors due within one year are loan amounts of £95,075 due to fellow group undertakings, who have formally confirmed that they will not seek repayment of the loan balances for a period of at least 12 months from the date of approval of these financial statements.

In making their going concern assessment, the director has revised trading and cashflow forecasts for the company and wider group and is satisfied that the company will have adequate resources to meet its liabilities as they fall due, for a period of at least 12 months from the date of approval of these financial statements.

On this basis, the director has prepared the financial statements on the going concern basis.

Consolidation
In the opinion of the director, the company is part of a small group along with other subsidiaries of the parent company. The company has therefore taken advantage of the exemption provided by Section 399 (2A) of the Companies Act 2006 not to prepare group accounts.

The accounts present information about the company as an individual undertaking and not about its group.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 8,248
AMORTISATION
At 1 April 2023
and 31 March 2024 8,248
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Environmental Processes Ltd (Registered number: SC285830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 63,916 2,995 3,200 70,111
DEPRECIATION
At 1 April 2023 63,916 2,581 3,200 69,697
Charge for year - 164 - 164
At 31 March 2024 63,916 2,745 3,200 69,861
NET BOOK VALUE
At 31 March 2024 - 250 - 250
At 31 March 2023 - 414 - 414

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,916 31,768
Amounts owed by group undertakings - 17,530
Prepayments and accrued income - 6,058
35,916 55,356

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,243 1,942
Amounts owed to group undertakings 95,075 127,140
Social security and other taxes 8,491 5,957
Other creditors 629 173
Accruals and deferred income 7,590 6,843
115,028 142,055

There are no amounts included in the above in respect of which any security has been given by the entity.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Calash Limited.

Registered Office
13 Golden Square
Aberdeen
AB10 1RH