Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseThe Company's principal activity continued to be the provision of controlled environments to scientific establishments.56truetruefalse 04508385 2023-01-01 2023-12-31 04508385 2022-01-01 2022-12-31 04508385 2023-12-31 04508385 2022-12-31 04508385 c:Director2 2023-01-01 2023-12-31 04508385 d:PlantMachinery 2023-01-01 2023-12-31 04508385 d:PlantMachinery 2023-12-31 04508385 d:PlantMachinery 2022-12-31 04508385 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04508385 d:MotorVehicles 2023-01-01 2023-12-31 04508385 d:MotorVehicles 2023-12-31 04508385 d:MotorVehicles 2022-12-31 04508385 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04508385 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04508385 d:CurrentFinancialInstruments 2023-12-31 04508385 d:CurrentFinancialInstruments 2022-12-31 04508385 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04508385 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04508385 d:ShareCapital 2023-12-31 04508385 d:ShareCapital 2022-12-31 04508385 d:RetainedEarningsAccumulatedLosses 2023-12-31 04508385 d:RetainedEarningsAccumulatedLosses 2022-12-31 04508385 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04508385 c:OrdinaryShareClass1 2023-12-31 04508385 c:OrdinaryShareClass1 2022-12-31 04508385 c:FRS102 2023-01-01 2023-12-31 04508385 c:Audited 2023-01-01 2023-12-31 04508385 c:FullAccounts 2023-01-01 2023-12-31 04508385 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04508385 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04508385 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04508385









CONVIRON EUROPE LTD.









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CONVIRON EUROPE LTD.
REGISTERED NUMBER: 04508385

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Notes
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
12,442
14,711

  
12,442
14,711

CURRENT ASSETS
  

Stocks
 5 
451,829
260,666

Debtors: amounts falling due within one year
 6 
1,302,860
1,112,085

Cash at bank and in hand
  
125,263
462,464

  
1,879,952
1,835,215

Creditors: amounts falling due within one year
 7 
(1,526,694)
(1,684,650)

NET CURRENT ASSETS
  
 
 
353,258
 
 
150,565

  

NET ASSETS
  
365,700
165,276


CAPITAL AND RESERVES
  

Called up share capital 
 8 
75,000
75,000

Profit and loss account
  
290,700
90,276

SHAREHOLDER'S FUNDS
  
365,700
165,276


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K L Hendrickson
Director

Date: 23 December 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
CONVIRON EUROPE LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Conviron Europe Ltd ("the Company") is a private company limited by shares and incorporated in England and Wales.  Its registered office is Salisbury House, Station Road, Cambridge CB1 2LA.  The principal place of business is Unit 1 Hall Barn Road Industrial Estate, Isleham, Cambridgeshire, CB7 5RJ.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of the provision of controlled environments during the year, exclusive of Value Added Tax. 
Revenue is recognised as the fair value of the consideration received or receivable and is reduced for any estimated customer returns or rebates. Revenue is recognised to the extent that the Company has fulfilled its contractual obligations to its customers through the supply of goods and services.  Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. 

 
2.4

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 2

 
CONVIRON EUROPE LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
30%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
CONVIRON EUROPE LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment charges.

 
2.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

CREDITORS

Short-term creditors are measured at the transaction price.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2022 - 6).

Page 4

 
CONVIRON EUROPE LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Total

£
£
£



COST


At 1 January 2023
13,082
37,145
50,227


Additions
1,705
-
1,705



At 31 December 2023

14,787
37,145
51,932



DEPRECIATION


At 1 January 2023
10,126
25,390
35,516


Charge for the year on owned assets
894
3,080
3,974



At 31 December 2023

11,020
28,470
39,490



NET BOOK VALUE



At 31 December 2023
3,767
8,675
12,442



At 31 December 2022
2,956
11,755
14,711


5.


STOCKS

2023
2022
£
£

Raw materials and consumables
252,730
192,884

Work in progress (goods to be sold)
199,099
67,782

451,829
260,666


Page 5

 
CONVIRON EUROPE LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


DEBTORS

2023
2022
£
£


Trade debtors
394,667
294,919

Amounts owed by group undertakings
-
688,376

Other debtors
193,972
20,054

Prepayments and accrued income
714,221
108,736

1,302,860
1,112,085



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
128,863
41,973

Amounts owed to group undertakings
886,279
736,790

Other taxation and social security
-
55,160

Other creditors
56,921
45,922

Accruals and deferred income
454,631
804,805

1,526,694
1,684,650


Other creditors includes contributions of £2,361 (2022: £1,934) payable to the company's defined contribution pension scheme at the balance sheet date.


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



75,000 (2022 - 75,000) Ordinary shares of £1.00 each
75,000
75,000



9.OTHER FINANCIAL COMMITMENTS

Total financial commitments that are not included in the balance sheet amount to £39,235 (2022: £5,500).

Page 6

 
CONVIRON EUROPE LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


CONTROLLING PARTY

The immediate and parent undertaking of the smallest group to consolidate these financial statements is Controlled Environments Limited, a private company limited by shares and registered in Canada.  The Company's registered office is 590 Berry Street, Winnipeg, Manitoba, Canada.
The smallest and largest group that consolidates the results of the Company is that headed by Madison Industries Holdings LLC, a company incorporates in the United States of America. Copies of the consolidated financial statements of Madison Indsutries Holdings LLC are available upon request from Madison Indsutries Holdings LLC.
Due to the nature of the shareholdings in Madison Industries Holdings LLC there is no ultimate controlling party.


11.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 24 December 2024 by James Burrett (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.

 
Page 7