IRIS Accounts Production v24.3.2.46 11230241 director 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:kWh112302412023-04-30112302412024-04-30112302412023-05-012024-04-30112302412022-04-30112302412022-05-012023-04-30112302412023-04-3011230241ns15:EnglandWales2023-05-012024-04-3011230241ns14:PoundSterling2023-05-012024-04-3011230241ns10:Director12023-05-012024-04-3011230241ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011230241ns10:SmallEntities2023-05-012024-04-3011230241ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011230241ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011230241ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011230241ns10:FullAccounts2023-05-012024-04-301123024112023-05-012024-04-3011230241ns10:OrdinaryShareClass12023-05-012024-04-3011230241ns10:RegisteredOffice2023-05-012024-04-3011230241ns5:CurrentFinancialInstruments2024-04-3011230241ns5:CurrentFinancialInstruments2023-04-3011230241ns5:Non-currentFinancialInstruments2024-04-3011230241ns5:Non-currentFinancialInstruments2023-04-3011230241ns5:ShareCapital2024-04-3011230241ns5:ShareCapital2023-04-3011230241ns5:RetainedEarningsAccumulatedLosses2024-04-3011230241ns5:RetainedEarningsAccumulatedLosses2023-04-3011230241ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3011230241ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-05-012024-04-3011230241ns5:ComputerSoftware2023-05-012024-04-3011230241ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-05-012024-04-3011230241ns5:PlantMachinery2023-05-012024-04-3011230241ns5:FurnitureFittings2023-05-012024-04-3011230241ns5:MotorVehicles2023-05-012024-04-3011230241ns5:ComputerEquipment2023-05-012024-04-3011230241ns5:IntangibleAssetsOtherThanGoodwill2023-04-3011230241ns5:IntangibleAssetsOtherThanGoodwill2024-04-3011230241ns5:IntangibleAssetsOtherThanGoodwill2023-04-3011230241ns5:LandBuildings2023-04-3011230241ns5:PlantMachinery2023-04-3011230241ns5:LandBuildings2023-05-012024-04-3011230241ns5:LandBuildings2024-04-3011230241ns5:PlantMachinery2024-04-3011230241ns5:LandBuildings2023-04-3011230241ns5:PlantMachinery2023-04-3011230241ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3011230241ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3011230241ns5:CurrentFinancialInstruments2023-05-012024-04-3011230241ns5:Non-currentFinancialInstruments2023-05-012024-04-3011230241ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3011230241ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3011230241ns5:CurrentFinancialInstrumentsns5:FinanceLeasesns5:WithinOneYear2024-04-3011230241ns5:CurrentFinancialInstrumentsns5:FinanceLeasesns5:WithinOneYear2023-04-3011230241ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3011230241ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3011230241ns5:BetweenOneFiveYearsns5:FinanceLeases2024-04-3011230241ns5:BetweenOneFiveYearsns5:FinanceLeases2023-04-3011230241ns5:HirePurchaseContracts2024-04-3011230241ns5:HirePurchaseContracts2023-04-3011230241ns5:FinanceLeases2024-04-3011230241ns5:FinanceLeases2023-04-3011230241ns5:WithinOneYear2024-04-3011230241ns5:WithinOneYear2023-04-3011230241ns5:BetweenOneFiveYears2024-04-3011230241ns5:BetweenOneFiveYears2023-04-3011230241ns5:AllPeriods2024-04-3011230241ns5:AllPeriods2023-04-3011230241ns10:OrdinaryShareClass12024-04-30112302411ns10:Director12023-04-30112302411ns10:Director12022-04-30112302411ns10:Director12023-05-012024-04-30112302411ns10:Director12022-05-012023-04-30112302411ns10:Director12024-04-30112302411ns10:Director12023-04-30
REGISTERED NUMBER: 11230241 (England and Wales)















ELCOT ENVIRONMENTAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


ELCOT ENVIRONMENTAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mr P J Whiteside



REGISTERED OFFICE: The Nurseries
Kingsdown Lane
Blunsdon
SWINDON
Wiltshire
SN25 5DL



REGISTERED NUMBER: 11230241 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: HSBC Bank Plc
Unit 6
The Lock
Canal Walk
SWINDON
Wiltshire
SN1 1LD

ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 752
Tangible assets 5 564,083 628,083
564,083 628,835

CURRENT ASSETS
Stocks 60,419 33,661
Debtors 6 279,098 276,966
Cash at bank 17,153 56,635
356,670 367,262
CREDITORS
Amounts falling due within one year 7 311,325 262,396
NET CURRENT ASSETS 45,345 104,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,428

733,701

CREDITORS
Amounts falling due after more than
one year

8

(55,795

)

(116,846

)

PROVISIONS FOR LIABILITIES (60,525 ) (75,089 )
NET ASSETS 493,108 541,766

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 493,008 541,666
SHAREHOLDERS' FUNDS 493,108 541,766

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

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

ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th November 2024 and were signed by:





Mr P J Whiteside - Director


ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Elcot Environmental Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11230241

Registered office: The Nurseries, Kingsdown Lane, Blunsdon, Swindon, SN25 5DL

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine the basis for income recognition, more detail can be found in the turnover policy below.

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

As and when an invoice is raised by the company, a proportion of the income is deferred over a period of three years, as part of the agreement they enter into with the customer requires them to carry out annual reviews and any remedial works which may arise over a three year period. The income is released under a systematic basis over the three year period.

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.

Website are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 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 12 (2023 - 12 ) .

ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 22,279
AMORTISATION
At 1st May 2023 21,527
Charge for year 752
At 30th April 2024 22,279
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 752

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 340,915 480,042 820,957
Additions - 20,404 20,404
Disposals - (33,235 ) (33,235 )
At 30th April 2024 340,915 467,211 808,126
DEPRECIATION
At 1st May 2023 19,984 172,890 192,874
Charge for year 6,000 61,520 67,520
Eliminated on disposal - (16,351 ) (16,351 )
At 30th April 2024 25,984 218,059 244,043
NET BOOK VALUE
At 30th April 2024 314,931 249,152 564,083
At 30th April 2023 320,931 307,152 628,083


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 189,220 195,806
Other debtors 89,878 81,160
279,098 276,966

ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases (see note 9)
70,941

46,979
Trade creditors 76,851 49,380
Taxation and social security 60,283 50,700
Other creditors 103,250 115,337
311,325 262,396

Included within other creditors is deferred income totalling £85,599 (2023: £95,993). Income recognition is explained within the accounting policies.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases (see note 9)
27,310

73,251
Other creditors 28,485 43,595
55,795 116,846

Included within other creditors is deferred income totalling £28,485 (2023: £43,595). Income recognition is explained within the accounting policies.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 45,941 46,979 25,000 -
Between one and five years 27,310 73,251 - -
73,251 120,230 25,000 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,754 6,900
Between one and five years 38,292 3,500
53,046 10,400

ELCOT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 11230241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts and finance leases 98,251 120,230

The hire purchase liability is secured upon the assets on which finance was obtained.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr P J Whiteside
Balance outstanding at start of year - 9,934
Amounts advanced 2,454 43,257
Amounts repaid - (53,191 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,454 -

Interest was charged on the above loan using HM Revenue & Customs official rate of interest.

The balance was repaid on 23 September 2024.