Environmental Measurements Limited
Filleted Accounts
31 August 2024
Registered number
01492809
Environmental Measurements Limited
Registered number: 01492809
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 119,428 124,365
Current assets
Stocks 172,017 166,306
Debtors 4 67,268 42,158
Cash at bank and in hand 179,261 272,048
418,546 480,512
Creditors: amounts falling due within one year 5 (75,378) (137,492)
Net current assets 343,168 343,020
Total assets less current liabilities 462,596 467,385
Creditors: amounts falling due after more than one year 6 (150,914) (178,506)
Net assets 311,682 288,879
Capital and reserves
Called up share capital 800 800
Profit and loss account 310,882 288,079
Shareholders' funds 311,682 288,879
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Dutton
Director
Approved by the board on 13 December 2024
Environmental Measurements Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 25 years straight line
Plant and machinery 4 years straight line
Motor Vehicles 4 years straight line
Fixtures, fittings, tools and equipment 3 years straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 215,275 95,486 9,078 319,839
Additions - 12,281 - 12,281
At 31 August 2024 215,275 107,767 9,078 332,120
Depreciation
At 1 September 2023 102,481 88,900 4,093 195,474
Charge for the year 8,611 6,337 2,270 17,218
At 31 August 2024 111,092 95,237 6,363 212,692
Net book value
At 31 August 2024 104,183 12,530 2,715 119,428
At 31 August 2023 112,794 6,586 4,985 124,365
4 Debtors 2024 2023
£ £
Trade debtors 64,100 39,056
Other debtors 3,168 3,102
67,268 42,158
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,056
Trade creditors 26,990 26,630
Taxation and social security costs 5,790 4,644
Other creditors 31,950 96,162
75,378 137,492
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 150,914 178,506
7 Other information
Environmental Measurements Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Jupiter Court
Orion Business Park
North Shields
Tyne & Wear
NE29 7SE
Environmental Measurements Limited 01492809 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2024 Mr M Dutton No description of principal activity 01492809 2022-09-01 2023-08-31 01492809 core:WithinOneYear 2023-08-31 01492809 core:AfterOneYear 2023-08-31 01492809 core:ShareCapital 2023-08-31 01492809 core:RetainedEarningsAccumulatedLosses 2023-08-31 01492809 2023-09-01 2024-08-31 01492809 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01492809 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01492809 bus:Director40 2023-09-01 2024-08-31 01492809 1 2023-09-01 2024-08-31 01492809 2 2023-09-01 2024-08-31 01492809 core:LandBuildings 2023-09-01 2024-08-31 01492809 core:PlantMachinery 2023-09-01 2024-08-31 01492809 core:Vehicles 2023-09-01 2024-08-31 01492809 countries:England 2023-09-01 2024-08-31 01492809 bus:FRS102 2023-09-01 2024-08-31 01492809 bus:FilletedAccounts 2023-09-01 2024-08-31 01492809 2024-08-31 01492809 core:WithinOneYear 2024-08-31 01492809 core:AfterOneYear 2024-08-31 01492809 core:ShareCapital 2024-08-31 01492809 core:RetainedEarningsAccumulatedLosses 2024-08-31 01492809 core:LandBuildings 2024-08-31 01492809 core:PlantMachinery 2024-08-31 01492809 core:Vehicles 2024-08-31 01492809 2023-08-31 01492809 core:LandBuildings 2023-08-31 01492809 core:PlantMachinery 2023-08-31 01492809 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure