REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024 |
FOR |
ENVIRO SOLAR FILMS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024 |
FOR |
ENVIRO SOLAR FILMS LIMITED |
ENVIRO SOLAR FILMS LIMITED (REGISTERED NUMBER: 08346660) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 31 March 2023 to 29 March 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ENVIRO SOLAR FILMS LIMITED |
COMPANY INFORMATION |
for the Period 31 March 2023 to 29 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
ENVIRO SOLAR FILMS LIMITED (REGISTERED NUMBER: 08346660) |
STATEMENT OF FINANCIAL POSITION |
29 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
ENVIRO SOLAR FILMS LIMITED (REGISTERED NUMBER: 08346660) |
STATEMENT OF FINANCIAL POSITION - continued |
29 March 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
ENVIRO SOLAR FILMS LIMITED (REGISTERED NUMBER: 08346660) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 31 March 2023 to 29 March 2024 |
1. | STATUTORY INFORMATION |
Enviro Solar Films Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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 principal accounting policies adopted in the preparation of the financial statements are set out below. |
Turnover |
Turnover represents the net value of services provided in the year to customers, excluding value added tax. |
Turnover is recognised when the service has been performed and and invoice produced. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The directors have elected to apply the provisions of FRS 102 section 11 'Basic financial instruments' to all its financial instruments. |
The following assets and liabilities are classified as financial instruments; trade debtors, Director's loan accounts, trade creditors, accruals and bank loans. |
Financial instruments that are payable or receivable within one year, typically trade debtors, Directors' loan accounts, trade creditors and accruals, are measured initially and subsequently at the discounted amount of the cash or other consideration that is expected to be paid or received. |
Financial instruments repayable in more than one year such as bank loans are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial. |
Taxation |
Taxation for the period 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. |
ENVIRO SOLAR FILMS LIMITED (REGISTERED NUMBER: 08346660) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 31 March 2023 to 29 March 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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 period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31 March 2023 |
Additions |
Disposals | ( |
) |
At 29 March 2024 |
DEPRECIATION |
At 31 March 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 29 March 2024 |
NET BOOK VALUE |
At 29 March 2024 |
At 30 March 2023 |
ENVIRO SOLAR FILMS LIMITED (REGISTERED NUMBER: 08346660) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 31 March 2023 to 29 March 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
The net book value of tangible fixed assets includes £ 21,742 (2023 - £ 46,593 ) in respect of assets held under hire purchase contracts. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 8) |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 8) |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 5,156 | 7,444 |
ENVIRO SOLAR FILMS LIMITED (REGISTERED NUMBER: 08346660) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 31 March 2023 to 29 March 2024 |
8. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase fall due as follows: |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the periods ended 29 March 2024 and 30 March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
Interest has been charged on the above at 2%. |