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REGISTERED NUMBER: 01674821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ENVIROMETRICS LIMITED

ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ENVIROMETRICS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mr S A Bull





REGISTERED OFFICE: c/o Castle Group Limited
Salter Road
Scarborough Business Park
Scarborough
North Yorkshire
YO11 3UZ





REGISTERED NUMBER: 01674821 (England and Wales)

ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 146,589 124,234
Investment property 5 301,092 301,092
447,681 425,326

CURRENT ASSETS
Debtors 6 203,892 44,683
Cash at bank 49,735 4,681
253,627 49,364
CREDITORS
Amounts falling due within one year 7 5,354 44,513
NET CURRENT ASSETS 248,273 4,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

695,954

430,177

CREDITORS
Amounts falling due after more than one year 8 (276,692 ) (30,147 )

PROVISIONS FOR LIABILITIES (42,838 ) (42,838 )
NET ASSETS 376,424 357,192

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 376,324 357,092
SHAREHOLDERS' FUNDS 376,424 357,192

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

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

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 20 February 2025 and were signed by:





Mr S A Bull - Director


ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Envirometrics Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The accounts have been prepared on a going concern basis on the strength of confirmation from the parent company and the director that they will continue to provide financial support by not seeking repayment of loan accounts due until other creditors have been paid in full.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any estimates or assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue comprises rental income receivable and services supplied net of value added tax. Services are recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.
Plant and machinery15% on reducing balance
Fixtures and fittings15% on reducing balance
Computer equipment33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are initially measured at cost. After initial recognition investments in subsidiary undertakings are measured at cost less any accumulated impairment losses. Changes in impairment are recognised in the profit and loss account during the period in which they arise.

Investment property
Investment properties are initially measured at cost, including transaction costs. After initial recognition investment properties whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss account during the period in which they arise.


ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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 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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 214,215
PROVISIONS
At 1 July 2023 89,981

Provision written back (22,355 )
At 30 June 2024 67,626
NET BOOK VALUE
At 30 June 2024 146,589
At 30 June 2023 124,234

ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 301,092
NET BOOK VALUE
At 30 June 2024 301,092
At 30 June 2023 301,092

The fair value of investment property at each year end has been arrived at on the basis of valuations carried out by the director of the company who is not a professionally qualified valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 203,892 44,683

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,863 -
Amounts owed to group undertakings - 40,876
Taxation and social security 291 2,512
Other creditors 1,200 1,125
5,354 44,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 246,545 -
Other creditors 30,147 30,147
276,692 30,147

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 250,408 -

The bank loan is secured by fixed and floating charges over all of the company assets and undertakings, a unlimited guarantee provided by a subsidiary company, an unlimited guarantee provided by a connected company and a personal guarantee of £50,000 provided by the director.

10. RESERVES

Included within retained earnings is an amount of £192,908 (2022 - £192,908) relating to the fair value revaluation of the investment property which is non distributable.

ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


11. CONTINGENT LIABILITIES

The company has given unlimited guarantees to its bankers by way of fixed and floating charges over all of the company assets and undertaking in favour a subsidiary. The bank borrowings of the subsidiary subject to the guarantee at 30 June 2024 were nil (2023 - £198,679).

12. RELATED PARTY DISCLOSURES

The director has made an interest free loan to the company. At the year end the amount due was £30,147 (2023 - £30,147). The amount is due after one year.

During the year the director received no remuneration (2023 - nil).

Interest free loans also exist between the company and other group companies. The amounts owed to other group companies at the year end was nil (2023 - £40,876) while the amounts owed by other group companies at the year end was £203,892 (2023 - £44,683).