Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3022The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falsetruetruefalse 05363886 2023-07-01 2024-06-30 05363886 2022-07-01 2023-06-30 05363886 2024-06-30 05363886 2023-06-30 05363886 2022-07-01 05363886 c:Director2 2023-07-01 2024-06-30 05363886 d:PlantMachinery 2023-07-01 2024-06-30 05363886 d:MotorVehicles 2023-07-01 2024-06-30 05363886 d:OfficeEquipment 2023-07-01 2024-06-30 05363886 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 05363886 d:OtherPropertyPlantEquipment 2024-06-30 05363886 d:OtherPropertyPlantEquipment 2023-06-30 05363886 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05363886 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 05363886 d:CurrentFinancialInstruments 2024-06-30 05363886 d:CurrentFinancialInstruments 2023-06-30 05363886 d:Non-currentFinancialInstruments 2024-06-30 05363886 d:Non-currentFinancialInstruments 2023-06-30 05363886 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05363886 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05363886 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05363886 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05363886 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 05363886 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 05363886 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 05363886 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 05363886 d:UKTax 2023-07-01 2024-06-30 05363886 d:UKTax 2022-07-01 2023-06-30 05363886 d:ShareCapital 2024-06-30 05363886 d:ShareCapital 2023-06-30 05363886 d:RetainedEarningsAccumulatedLosses 2024-06-30 05363886 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05363886 c:OrdinaryShareClass1 2024-06-30 05363886 c:OrdinaryShareClass1 2023-06-30 05363886 c:FRS102 2023-07-01 2024-06-30 05363886 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05363886 c:FullAccounts 2023-07-01 2024-06-30 05363886 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05363886 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-06-30 05363886 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-06-30 05363886 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2024-06-30 05363886 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-06-30 05363886 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2024-06-30 05363886 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2023-06-30 05363886 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 05363886 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 05363886 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 05363886 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 05363886 2 2023-07-01 2024-06-30 05363886 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 05363886 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05363886 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 05363886 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 05363886 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 05363886 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 05363886 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 05363886 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 05363886 d:LeasedAssetsHeldAsLessee 2024-06-30 05363886 d:LeasedAssetsHeldAsLessee 2023-06-30 05363886 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05363886









ENVIRONMENTAL TECHNOLOGY (UK) LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
REGISTERED NUMBER: 05363886

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
151,755
133,505

Current assets
  

Stocks
  
73,156
130,011

Debtors: amounts falling due within one year
 6 
1,137,049
1,094,152

Cash at bank
  
-
171,100

Current liabilities
  
1,210,205
1,395,263

Creditors: amounts falling due within one year
 7 
(769,035)
(934,944)

Net current assets
  
 
 
441,170
 
 
460,319

Total assets less current liabilities
  
592,925
593,824

Creditors: amounts falling due after more than one year
 8 
(150,206)
(177,357)

Provisions for liabilities
  

Deferred tax
 11 
(14,204)
(6,344)

Net assets
  
428,515
410,123


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
428,415
410,023

  
428,515
410,123


Page 1

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
REGISTERED NUMBER: 05363886

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 statement of income and retained earnings 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: 






Mr A S Darlow
Director

Date: 25 February 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Environmental Technology (UK) Ltd is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is The Garage, Chequers Hill, Wilden, Bedford, MK44 2QQ. The Company is part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Page 3

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
25%
straight line

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.

 
2.4

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 weighted average 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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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.
 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Operating leases: the Company as lessee

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

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
-
3,063


Deferred tax


Origination and reversal of timing differences
7,860
(43)


Tax on profit
7,860
3,020

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 21.06% (2023 - 25%).
The deferred tax charge for the year has been calculated using a tax rate of 25% (2023 - 25%) to reflect the increase in the standard rate of corporation tax in the UK from 1 April 2023.



Factors that may affect future tax charges

The Company has estimated tax losses of £6,000 (2023 - £Nil) available for carrying forward against future taxable profits.

Page 6

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 July 2023
461,529


Additions
102,252


Disposals
(97,890)



At 30 June 2024

465,891



Depreciation


At 1 July 2023
328,024


Charge for the year on owned assets
1,939


Charge for the year on financed assets
71,193


Disposals
(87,020)



At 30 June 2024

314,136



Net book value



At 30 June 2024
151,755



At 30 June 2023
133,505

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
10,052
-

Motor vehicles
137,935
129,841

147,987
129,841

Page 7

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2020
£
£


Trade debtors
686,093
601,219

Amounts owed by group undertakings
418,224
420,722

Other debtors
17,924
50,403

Prepayments and accrued income
14,808
21,808

1,137,049
1,094,152



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
118,790
-

Bank loans
40,000
40,000

Other loans
2,262
-

Trade creditors
313,285
465,397

Corporation tax
-
3,063

Other taxation and social security
4,200
3,002

Obligations under finance lease and hire purchase contracts
42,907
47,857

Other creditors
242,753
365,807

Accruals
4,838
9,818

769,035
934,944



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
36,667
76,667

Other loans
8,859
-

Obligations under finance lease and hire purchase contracts
104,680
100,690

150,206
177,357


Included within creditors are secured debts amounting to £147,587 (2023 - £148,547) which are secured on the fixed assets to which they relate.
Included within creditors are secured debts amounting to £87,788 (2023 - £116,667) which are secured via a fixed and floating charge on the Company’s assets.

Page 8

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
40,000
40,000

Other loans
2,262
-

Amounts falling due 1-2 years

Bank loans
36,667
40,000

Other loans
2,262
-

Amounts falling due 2-5 years

Bank loans
-
36,667

Other loans
6,597
-


87,788
116,667



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
42,907
47,857

Between 1-5 years
104,680
100,690

147,587
148,547

Page 9

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(6,344)
(6,387)


Charged to profit or loss
(7,860)
43



At end of year
(14,204)
(6,344)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(15,794)
(6,344)

Tax losses carried forward
1,590
-

(14,204)
(6,344)


12.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



13.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023

£
£


Not later than 1 year
4,677
8,331

Later than 1 year and not later than 5 years
-
1,185

4,677
9,516

Page 10

 
ENVIRONMENTAL TECHNOLOGY (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

14.


Related party transactions

During the year the Company operated loans with one of the directors of the Company. The amount payable to the director of the Company at the year end was £103 (2023 - £103). This loan is interest free and repayable on demand.
During the year the Company operated loans with one of the directors of the Company. The amount payable to the director of the Company at the year end was £Nil (2023 - £31). This loan is interest free and repayable on demand..
The Company also operated a loan with Steefane Ltd, a Company under common control. The amount due to Steefane Ltd at the year end was £212,746 (2023 - £328,444). This loan is interest free and repayable on demand.
The Company also operated a loan with ETUK Holdings Limited, the parent Company to Environmental Technology (UK) Limited. The amount due from ETUK Holdings Limited at the year end was £418,224 (2023 - £420,722). This loan is interest free and repayable on demand.


Page 11