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REGISTERED NUMBER: 05927479 (England and Wales)
















Financial Statements

for the Year Ended 30 September 2024

for

Envsafe Ltd

Envsafe Ltd (Registered number: 05927479)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Envsafe Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Scullion
Mrs S Scullion





SECRETARY: Mrs S Scullion





REGISTERED OFFICE: Unit C6 Brearley Place
Baird Road
Waterwells Business Park
Quedgeley
Gloucestershire
GL2 2AF





REGISTERED NUMBER: 05927479 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Envsafe Ltd

Report of the Accountants to the Directors of
Envsafe Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


5 December 2024

Envsafe Ltd (Registered number: 05927479)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,913 53,185
Investments 5 1,561,890 1,393,584
1,636,803 1,446,769

CURRENT ASSETS
Debtors 6 203,963 96,946
Cash at bank and in hand 1,133,312 792,881
1,337,275 889,827
CREDITORS
Amounts falling due within one year 7 338,694 177,195
NET CURRENT ASSETS 998,581 712,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,635,384

2,159,401

CREDITORS
Amounts falling due after more than
one year

8

(37,647

)

(29,869

)

PROVISIONS FOR LIABILITIES (11,262 ) (8,314 )
NET ASSETS 2,586,475 2,121,218

Envsafe Ltd (Registered number: 05927479)

Balance Sheet - continued
30 September 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 2,586,463 2,121,206
SHAREHOLDERS' FUNDS 2,586,475 2,121,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2024 and were signed on its behalf by:





S Scullion - Director


Envsafe Ltd (Registered number: 05927479)

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


1. STATUTORY INFORMATION

Envsafe Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - Straight line over 3 years
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Envsafe Ltd (Registered number: 05927479)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 284,792
Additions 63,117
Disposals (17,432 )
At 30 September 2024 330,477
DEPRECIATION
At 1 October 2023 231,607
Charge for year 41,389
Eliminated on disposal (17,432 )
At 30 September 2024 255,564
NET BOOK VALUE
At 30 September 2024 74,913
At 30 September 2023 53,185

Envsafe Ltd (Registered number: 05927479)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 50,049
Additions 27,510
At 30 September 2024 77,559
DEPRECIATION
At 1 October 2023 23,400
Charge for year 25,631
At 30 September 2024 49,031
NET BOOK VALUE
At 30 September 2024 28,528
At 30 September 2023 26,649

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 October 2023 1,393,584
Additions 576,813
Disposals (606,036 )
Share of profit/(loss) 63,227
Revaluations 134,302
At 30 September 2024 1,561,890
NET BOOK VALUE
At 30 September 2024 1,561,890
At 30 September 2023 1,393,584

Envsafe Ltd (Registered number: 05927479)

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


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:

Other
investment
£   
Valuation in 2024 1,561,890

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 192,730 86,437
Other debtors 11,233 10,509
203,963 96,946

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases (see note 9)
17,034

12,156
Trade creditors 69,333 33,644
Taxation and social security 211,524 123,497
Other creditors 40,803 7,898
338,694 177,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases (see note 9)
37,647

29,869

Envsafe Ltd (Registered number: 05927479)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
2024 2023 2024 2023
£    £    £    £   
Gross obligations repayable:
Within one year 5,861 5,861 11,996 7,118
Between one and five years 4,396 10,257 33,868 21,052
10,257 16,118 45,864 28,170

Finance charges repayable:
Within one year 823 823 - -
Between one and five years 617 1,440 - -
1,440 2,263 - -

Net obligations repayable:
Within one year 5,038 5,038 11,996 7,118
Between one and five years 3,779 8,817 33,868 21,052
8,817 13,855 45,864 28,170

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,500 19,500
Between one and five years 46,746 66,246
66,246 85,746