IRIS Accounts Production v24.3.0.553 03010215 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030102152023-04-30030102152024-04-30030102152023-05-012024-04-30030102152022-04-30030102152022-05-012023-04-30030102152023-04-3003010215ns15:EnglandWales2023-05-012024-04-3003010215ns14:PoundSterling2023-05-012024-04-3003010215ns10:Director12023-05-012024-04-3003010215ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003010215ns10:SmallEntities2023-05-012024-04-3003010215ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003010215ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003010215ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003010215ns10:FullAccounts2023-05-012024-04-300301021512023-05-012024-04-3003010215ns10:OrdinaryShareClass12023-05-012024-04-3003010215ns10:Director22023-05-012024-04-3003010215ns10:Director32023-05-012024-04-3003010215ns10:CompanySecretary12023-05-012024-04-3003010215ns10:RegisteredOffice2023-05-012024-04-3003010215ns5:CurrentFinancialInstruments2024-04-3003010215ns5:CurrentFinancialInstruments2023-04-3003010215ns5:Non-currentFinancialInstruments2024-04-3003010215ns5:Non-currentFinancialInstruments2023-04-3003010215ns5:ShareCapital2024-04-3003010215ns5:ShareCapital2023-04-3003010215ns5:CapitalRedemptionReserve2024-04-3003010215ns5:CapitalRedemptionReserve2023-04-3003010215ns5:RetainedEarningsAccumulatedLosses2024-04-3003010215ns5:RetainedEarningsAccumulatedLosses2023-04-3003010215ns5:NetGoodwill2023-05-012024-04-3003010215ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003010215ns5:NetGoodwill2023-04-3003010215ns5:NetGoodwill2024-04-3003010215ns5:NetGoodwill2023-04-3003010215ns5:LandBuildings2023-04-3003010215ns5:PlantMachinery2023-04-3003010215ns5:MotorVehicles2023-04-3003010215ns5:ComputerEquipment2023-04-3003010215ns5:LandBuildings2023-05-012024-04-3003010215ns5:PlantMachinery2023-05-012024-04-3003010215ns5:MotorVehicles2023-05-012024-04-3003010215ns5:ComputerEquipment2023-05-012024-04-3003010215ns5:LandBuildings2024-04-3003010215ns5:PlantMachinery2024-04-3003010215ns5:MotorVehicles2024-04-3003010215ns5:ComputerEquipment2024-04-3003010215ns5:LandBuildings2023-04-3003010215ns5:PlantMachinery2023-04-3003010215ns5:MotorVehicles2023-04-3003010215ns5:ComputerEquipment2023-04-3003010215ns5:CostValuation2023-04-3003010215ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003010215ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003010215ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 03010215 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Intech Environmental Limited

Intech Environmental Limited (Registered number: 03010215)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Intech Environmental Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R M Hickabottom
B Kilminster
P Taylor-Mills





SECRETARY: J V Hickabottom





REGISTERED OFFICE: 2 Heap Bridge
Bury
Lancashire
BL9 7HR





REGISTERED NUMBER: 03010215 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Intech Environmental Limited (Registered number: 03010215)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 39,333 44,249
Tangible assets 6 1,737,438 1,327,181
Investments 7 22,500 22,500
1,799,271 1,393,930

CURRENT ASSETS
Stocks 8 92,331 65,231
Debtors 9 1,171,320 1,098,255
Prepayments and accrued income 143,615 92,552
Cash at bank and in hand 22,473 19,484
1,429,739 1,275,522
CREDITORS
Amounts falling due within one year 10 (954,227 ) (726,553 )
NET CURRENT ASSETS 475,512 548,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,274,783

1,942,899

CREDITORS
Amounts falling due after more than one
year

11

(185,096

)

(225,553

)

PROVISIONS FOR LIABILITIES (266,000 ) (176,000 )
NET ASSETS 1,823,687 1,541,346

CAPITAL AND RESERVES
Called up share capital 12 72 72
Capital redemption reserve 30 30
Retained earnings 1,823,585 1,541,244
SHAREHOLDERS' FUNDS 1,823,687 1,541,346

Intech Environmental Limited (Registered number: 03010215)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2024 and were signed on its behalf by:





R M Hickabottom - Director


Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Intech Environmental 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.

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount capitalised in connection with the acquisition of a business, is being
amortised evenly over its estimated useful life of ten years.

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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Plant and machinery 10% - 50% straight line basis
Motor vehicles 30% - 50% straight line basis
Office equipment 15% - 50% straight line basis

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 44 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 49,165
AMORTISATION
At 1 May 2023 4,916
Charge for year 4,916
At 30 April 2024 9,832
NET BOOK VALUE
At 30 April 2024 39,333
At 30 April 2023 44,249

Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 152,261 3,631,265 183,779 178,728 4,146,033
Additions - 444,394 169,546 8,748 622,688
Disposals - (187,894 ) (12,500 ) - (200,394 )
At 30 April 2024 152,261 3,887,765 340,825 187,476 4,568,327
DEPRECIATION
At 1 May 2023 - 2,560,119 129,445 129,288 2,818,852
Charge for year - 182,475 16,853 13,103 212,431
Eliminated on disposal - (187,894 ) (12,500 ) - (200,394 )
At 30 April 2024 - 2,554,700 133,798 142,391 2,830,889
NET BOOK VALUE
At 30 April 2024 152,261 1,333,065 207,027 45,085 1,737,438
At 30 April 2023 152,261 1,071,146 54,334 49,440 1,327,181

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 May 2023
and 30 April 2024 22,500
NET BOOK VALUE
At 30 April 2024 22,500
At 30 April 2023 22,500

8. STOCKS
2024 2023
£    £   
Stocks 72,365 65,231
Work-in-progress 19,966 -
92,331 65,231

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,010,834 936,266
Other debtors 160,486 161,989
1,171,320 1,098,255

Intech Environmental Limited (Registered number: 03010215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 345,425 245,700
Trade creditors 228,983 184,530
Taxation and social security 243,364 181,383
Other creditors 125,807 104,292
954,227 726,553

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,298 24,186
Hire purchase contracts 170,798 201,367
185,096 225,553

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
72 Ordinary 1 72 72