Silverfin false false 31/07/2024 01/08/2023 31/07/2024 K Cox 25/01/2019 S Cox 25/01/2019 15 January 2025 The principal activity of the company is that of a holding company for companies in the manufacturing industry. 11787423 2024-07-31 11787423 bus:Director1 2024-07-31 11787423 bus:Director2 2024-07-31 11787423 2023-07-31 11787423 core:CurrentFinancialInstruments 2024-07-31 11787423 core:CurrentFinancialInstruments 2023-07-31 11787423 core:ShareCapital 2024-07-31 11787423 core:ShareCapital 2023-07-31 11787423 core:RetainedEarningsAccumulatedLosses 2024-07-31 11787423 core:RetainedEarningsAccumulatedLosses 2023-07-31 11787423 bus:OrdinaryShareClass1 2024-07-31 11787423 2023-08-01 2024-07-31 11787423 bus:FilletedAccounts 2023-08-01 2024-07-31 11787423 bus:SmallEntities 2023-08-01 2024-07-31 11787423 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11787423 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11787423 bus:Director1 2023-08-01 2024-07-31 11787423 bus:Director2 2023-08-01 2024-07-31 11787423 2022-08-01 2023-07-31 11787423 core:Subsidiary1 2023-08-01 2024-07-31 11787423 core:Subsidiary1 1 2023-08-01 2024-07-31 11787423 core:Subsidiary1 1 2022-08-01 2023-07-31 11787423 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 11787423 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 11787423 (England and Wales)

ENVIRON ACOUSTIC TECHNOLOGIES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

ENVIRON ACOUSTIC TECHNOLOGIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

ENVIRON ACOUSTIC TECHNOLOGIES LTD

BALANCE SHEET

AS AT 31 JULY 2024
ENVIRON ACOUSTIC TECHNOLOGIES LTD

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 888 888
888 888
Current assets
Debtors 4 2 2
2 2
Creditors: amounts falling due within one year 5 ( 788) ( 788)
Net current liabilities (786) (786)
Total assets less current liabilities 102 102
Net assets 102 102
Capital and reserves
Called-up share capital 6 104 104
Profit and loss account ( 2 ) ( 2 )
Total shareholders' funds 102 102

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Environ Acoustic Technologies Ltd (registered number: 11787423) were approved and authorised for issue by the Board of Directors on 15 January 2025. They were signed on its behalf by:

K Cox
Director
S Cox
Director
ENVIRON ACOUSTIC TECHNOLOGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
ENVIRON ACOUSTIC TECHNOLOGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Environ Acoustic Technologies Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Charles Drive, Hartford, Huntingdon, PE29 1SJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has net current liabilities of £786. The directors consider it appropriate to prepare the accounts on a going concern basis. In coming to this conclusion they confirm that they will not seek repayment of their loan account and will support the company for at least twelve months from the approval of these financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

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 Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are recognised initially at cost and subsequently measured at cost less accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual agreement are classified as jointly controlled entities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including loans from fellow group companies are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

2024 2023
£ £
Other investments and loans 888 888

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.07.2024
Ownership
31.07.2023
Held
Environ Group Limited 2 Charles Drive, Hartford, Huntington, England, PE29 1SJ 25110, 25990, 41201 Ordinary 99.00% 99.00% Direct

4. Debtors

2024 2023
£ £
Other debtors 2 2

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 788 788

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
104 Ordinary shares of £ 1.00 each 104 104

7. Ultimate controlling party

The company was controlled throughout the period by the directors acting in concert.