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REGISTERED NUMBER: 00387300 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Envelope Systems Ltd

Envelope Systems Ltd (Registered number: 00387300)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Envelope Systems Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mrs P A Miles





SECRETARY: Mrs P A Miles





REGISTERED OFFICE: 7A Gateshead Close
Sunderland Road Ind Estate
Sandy
Bedfordshire
SG19 1RS





REGISTERED NUMBER: 00387300 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Envelope Systems Ltd (Registered number: 00387300)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,968 51,696
44,968 51,696

CURRENT ASSETS
Stocks 36,152 50,093
Debtors 6 26,653 24,586
Cash at bank and in hand 51,250 46,674
114,055 121,353
CREDITORS
Amounts falling due within one year 7 81,449 75,412
NET CURRENT ASSETS 32,606 45,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,574

97,637

CREDITORS
Amounts falling due after more than one
year

8

(15,569

)

(25,801

)

PROVISIONS FOR LIABILITIES (8,544 ) (9,822 )
NET ASSETS 53,461 62,014

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 52,461 61,014
SHAREHOLDERS' FUNDS 53,461 62,014

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Envelope Systems Ltd (Registered number: 00387300)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mrs P A Miles - Director


Envelope Systems Ltd (Registered number: 00387300)

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

1. STATUTORY INFORMATION

Envelope Systems 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.

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

Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 6 (2023 - 6 ) .

Envelope Systems Ltd (Registered number: 00387300)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 39,000
AMORTISATION
At 1 May 2023
and 30 April 2024 39,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 145,201
DEPRECIATION
At 1 May 2023 93,505
Charge for year 6,728
At 30 April 2024 100,233
NET BOOK VALUE
At 30 April 2024 44,968
At 30 April 2023 51,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,003 781
Other debtors 25,650 23,805
26,653 24,586

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,468 9,219
Trade creditors 23,604 24,666
Taxation and social security 1,998 5,768
Other creditors 46,379 35,759
81,449 75,412

Envelope Systems Ltd (Registered number: 00387300)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 15,569 25,801