Registered number
10252320
THE ENVIRONMENT PRACTICE GROUP LIMITED
Unaudited Filleted Accounts
30 June 2024
THE ENVIRONMENT PRACTICE GROUP LIMITED
Registered number: 10252320
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 825 689
Current assets
Stocks 20,000 20,000
Debtors 4 238,551 260,023
Cash at bank and in hand 17,976 -
276,527 280,023
Creditors: amounts falling due within one year 5 (180,142) (223,665)
Net current assets 96,385 56,358
Total assets less current liabilities 97,210 57,047
Creditors: amounts falling due after more than one year 6 (92,918) (52,869)
Net assets 4,292 4,178
Capital and reserves
Called up share capital 100 1
Profit and loss account 4,192 4,177
Shareholder's funds 4,292 4,178
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 member has 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.
K Lucas
Director
Approved by the board on 25 February 2025
THE ENVIRONMENT PRACTICE GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 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.
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 over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 1,945
Additions 792
At 30 June 2024 2,737
Depreciation
At 1 July 2023 1,256
Charge for the year 656
At 30 June 2024 1,912
Net book value
At 30 June 2024 825
At 30 June 2023 689
4 Debtors 2024 2023
£ £
Trade debtors 139,167 175,004
Other debtors 99,384 85,019
238,551 260,023
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 47,170 50,161
Trade creditors 73,432 101,970
Taxation and social security costs 57,695 67,382
Other creditors 1,845 4,152
180,142 223,665
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 92,918 52,869
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Kathryn Lucas
[Loan 1] 82,119 109,058 (96,381) 94,796
82,119 109,058 (96,381) 94,796
8 Other information
THE ENVIRONMENT PRACTICE GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Edward Pavilllion
Clockwise
Liverpool
Merseyside
L3 4AF
THE ENVIRONMENT PRACTICE GROUP LIMITED 10252320 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 K Lucas No description of principal activity 10252320 2022-07-01 2023-06-30 10252320 core:WithinOneYear 2023-06-30 10252320 core:AfterOneYear 2023-06-30 10252320 core:ShareCapital 2023-06-30 10252320 core:RetainedEarningsAccumulatedLosses 2023-06-30 10252320 2023-07-01 2024-06-30 10252320 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10252320 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10252320 bus:Director40 2023-07-01 2024-06-30 10252320 1 2023-07-01 2024-06-30 10252320 2 2023-07-01 2024-06-30 10252320 core:PlantMachinery 2023-07-01 2024-06-30 10252320 bus:Director1 2023-07-01 2024-06-30 10252320 bus:Director1 1 2023-07-01 2024-06-30 10252320 countries:England 2023-07-01 2024-06-30 10252320 bus:FRS102 2023-07-01 2024-06-30 10252320 bus:FilletedAccounts 2023-07-01 2024-06-30 10252320 2024-06-30 10252320 core:WithinOneYear 2024-06-30 10252320 core:AfterOneYear 2024-06-30 10252320 core:ShareCapital 2024-06-30 10252320 core:RetainedEarningsAccumulatedLosses 2024-06-30 10252320 core:PlantMachinery 2024-06-30 10252320 bus:Director1 1 2024-06-30 10252320 2023-06-30 10252320 core:PlantMachinery 2023-06-30 10252320 bus:Director1 1 2023-06-30 iso4217:GBP xbrli:pure