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Registration number: 06854998

CONTEGO ENVIRONMENTAL SERVICES LTD

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Contents

Company Information

1

Strategic Report

2 to 3

Director's Report

4

Profit and Loss Account

5

Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Financial Statements

9 to 19

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Company Information

Director

M J Taylor

Registered office

4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF

Accountants

JLA Accounts Limited
42 Lytton Road
Barnet
Herefordshire
EN5 5BY

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Strategic Report for the Year Ended 31 October 2024

Overview
The director presents his Strategic Report of Contego Environmental Services Ltd ('' the Company'') for the year ended 31 October 2024. in compliance with Section 414C of the Companies Act 2006. This report provides an in-depth review of our business performance, strategic investments, and outlook, alongside an analysis of the principal risks and uncertainties faced by the Company.

Review of the Business
The principal activity of the Company is the provision of pest control services to a diverse range of industrial and commercial clients. Throughout 2024, we achieved significant revenue growth, increasing our turnover to £8,213,039 from £6,647,766 in 2023. Our gross profit also rose from £1,906,686 in 2023 to £2,344,507 in 2024. The profit before tax was £717,880, compared to £406,829 in the previous year, demonstrating our strong financial health and operational efficiency.

Key Performance Indicators (KPIs):
QA Scores: Quality Audits are conducted and scored to ensure that work completed is not done at the expense of quality.

State of Service: This represents the number of visits actually made as a proportion of the number of visits contracted to be made. Contego targets a 100% state of service.

Debtor Days: The amount of time it takes customers to pay receivables to Contego is a key aspect of maintaining positive cash flow.

Revenue per Technician: This indicates the efficiency with which the business is able to match its resources to the demands of its customers .

Customer Retention: This metric is crucial to ensure that our service delivery and quality drive strong customer relationships and low volumes of terminations.

Strategic Investments
The Company made substantial investments in technology to enhance service delivery and operational efficiency. Significant upgrades were made to our internal software systems, particularly the customer portal and IOT which now offers improved functionality and user experience. These technological advancements are aimed at streamlining our operations creating greater synergy between Contego and its clients, thereby providing faster and more reliable services.

Environmental, Social, and Governance (ESG) Initiatives
Our commitment to ESG principles remains a cornerstone of our business strategy. Environmentally, we have continued to implement practices that reduce our carbon footprint, such as optimising our vehicle fleet for energy efficiency and reducing waste. Socially, we invest in our employees through continuous training and development programs, ensuring a motivated and skilled workforce. Governance-wise, we uphold the highest standards of business ethics and transparency, fostering trust with our stakeholders.

Principal Risks and Uncertainties
The directors have reviewed the principal risks and uncertainties facing the Company. The key risks identified include:

1. Market Risks:
- Economic Conditions: Changes in market conditions and economic stability can impact the demand for our services. We monitor market trends closely to adapt our strategies accordingly.
- Regulatory Changes: The pest control industry is subject to various regulations. Changes in these regulations can affect our operational processes. We stay abreast of regulatory developments to ensure compliance and mitigate potential impacts.

2. Financial Risks:
-Credit Risk: The risk of default by clients can affect cash flow. We mitigate this risk through rigorous credit checks and maintaining strong relationships with our clients.
- Liquidity Risk: Ensuring sufficient liquidity to meet our operational needs is critical. We manage this by maintaining robust cash flow forecasting and securing necessary financial facilities.

3. Operational Risks:
- Health, Safety, and Environmental Incidents: The potential for harm to employees, clients, or the environment is a significant risk. We mitigate this through comprehensive Quality, Health, Safety, and Environmental (QHSE) programs.
- Systems Failure: Increased reliance on technology necessitates a robust IT infrastructure. We regularly review and test our systems to prevent and respond to any failures effectively.
- Talent Acquisition and Retention: Attracting and retaining skilled employees is crucial for growth. We have implemented career development programs to nurture talent and maintain a motivated workforce.

Future Developments
Looking ahead, Contego Environmental Services Ltd plans to continue its growth trajectory by expanding our market reach and enhancing our service offerings through technological advancements and Ai to further optimize our operations and improve customer experience.

Section 172(1) Statement
The directors have acted in a manner they believe in good faith would promote the success of the Company for the benefit of its members as a whole, in accordance with Section 172(1) of the Companies Act 2006. This includes considering the long-term consequences of decisions, the interests of employees, maintaining business relationships with suppliers and customers, and the impact of the Company's operations on the community and the environment.

Conclusion
The year 2024 has been a period of continous growth and streamlining of strategic investments for Contego Environmental Services Ltd. We remain committed to our mission of providing top-tier pest control services while upholding our ESG commitments and continuously improving customer experience. The directors are confident that with our strategic focus and dedicated team, we are well-positioned for continued success in the coming years.


 

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Strategic Report for the Year Ended 31 October 2024

Overview
The director presents his Strategic Report of Contego Environmental Services Ltd ('' the Company'') for the year ended 31 October 2024. in compliance with Section 414C of the Companies Act 2006. This report provides an in-depth review of our business performance, strategic investments, and outlook, alongside an analysis of the principal risks and uncertainties faced by the Company.

Review of the Business
The principal activity of the Company is the provision of pest control services to a diverse range of industrial and commercial clients. Throughout 2024, we achieved significant revenue growth, increasing our turnover to £8,213,039 from £6,647,766 in 2023. Our gross profit also rose from £1,906,686 in 2023 to £2,344,507 in 2024. The profit before tax was £717,880, compared to £406,829 in the previous year, demonstrating our strong financial health and operational efficiency.

Key Performance Indicators (KPIs):
QA Scores: Quality Audits are conducted and scored to ensure that work completed is not done at the expense of quality.

State of Service: This represents the number of visits actually made as a proportion of the number of visits contracted to be made. Contego targets a 100% state of service.

Debtor Days: The amount of time it takes customers to pay receivables to Contego is a key aspect of maintaining positive cash flow.

Revenue per Technician: This indicates the efficiency with which the business is able to match its resources to the demands of its customers .

Customer Retention: This metric is crucial to ensure that our service delivery and quality drive strong customer relationships and low volumes of terminations.

Strategic Investments
The Company made substantial investments in technology to enhance service delivery and operational efficiency. Significant upgrades were made to our internal software systems, particularly the customer portal and IOT which now offers improved functionality and user experience. These technological advancements are aimed at streamlining our operations creating greater synergy between Contego and its clients, thereby providing faster and more reliable services.

Environmental, Social, and Governance (ESG) Initiatives
Our commitment to ESG principles remains a cornerstone of our business strategy. Environmentally, we have continued to implement practices that reduce our carbon footprint, such as optimising our vehicle fleet for energy efficiency and reducing waste. Socially, we invest in our employees through continuous training and development programs, ensuring a motivated and skilled workforce. Governance-wise, we uphold the highest standards of business ethics and transparency, fostering trust with our stakeholders.

Principal Risks and Uncertainties
The directors have reviewed the principal risks and uncertainties facing the Company. The key risks identified include:

1. Market Risks:
- Economic Conditions: Changes in market conditions and economic stability can impact the demand for our services. We monitor market trends closely to adapt our strategies accordingly.
- Regulatory Changes: The pest control industry is subject to various regulations. Changes in these regulations can affect our operational processes. We stay abreast of regulatory developments to ensure compliance and mitigate potential impacts.

2. Financial Risks:
-Credit Risk: The risk of default by clients can affect cash flow. We mitigate this risk through rigorous credit checks and maintaining strong relationships with our clients.
- Liquidity Risk: Ensuring sufficient liquidity to meet our operational needs is critical. We manage this by maintaining robust cash flow forecasting and securing necessary financial facilities.

3. Operational Risks:
- Health, Safety, and Environmental Incidents: The potential for harm to employees, clients, or the environment is a significant risk. We mitigate this through comprehensive Quality, Health, Safety, and Environmental (QHSE) programs.
- Systems Failure: Increased reliance on technology necessitates a robust IT infrastructure. We regularly review and test our systems to prevent and respond to any failures effectively.
- Talent Acquisition and Retention: Attracting and retaining skilled employees is crucial for growth. We have implemented career development programs to nurture talent and maintain a motivated workforce.

Future Developments
Looking ahead, Contego Environmental Services Ltd plans to continue its growth trajectory by expanding our market reach and enhancing our service offerings through technological advancements and Ai to further optimize our operations and improve customer experience.

Section 172(1) Statement
The directors have acted in a manner they believe in good faith would promote the success of the Company for the benefit of its members as a whole, in accordance with Section 172(1) of the Companies Act 2006. This includes considering the long-term consequences of decisions, the interests of employees, maintaining business relationships with suppliers and customers, and the impact of the Company's operations on the community and the environment.

Conclusion
The year 2024 has been a period of continous growth and streamlining of strategic investments for Contego Environmental Services Ltd. We remain committed to our mission of providing top-tier pest control services while upholding our ESG commitments and continuously improving customer experience. The directors are confident that with our strategic focus and dedicated team, we are well-positioned for continued success in the coming years.


 

Approved by the director on 12 March 2025 and signed on its behalf by:

.........................................
M J Taylor
Director

   
     
 

CONTEGO ENVIRONMENTAL SERVICES LTD

Director's Report for the Year Ended 31 October 2024

The director presents his report and the financial statements for the year ended 31 October 2024.

Director of the company

The director who held office during the year was as follows:

M J Taylor

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 March 2025
 

.........................................
M J Taylor
Director

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Profit and Loss Account for the Year Ended 31 October 2024

Note

2024
£

2023
£

Turnover

 

8,213,039

6,647,766

Cost of sales

 

(5,868,532)

(4,741,080)

Gross profit

 

2,344,507

1,906,686

Administrative expenses

 

(2,279,360)

(1,453,953)

Operating profit

 

65,147

452,733

Income from shares in group undertakings

 

735,000

-

Interest payable and similar expenses

 

(82,267)

(45,904)

   

652,733

(45,904)

Profit before tax

4

717,880

406,829

Tax on profit

 

11,809

(98,060)

Profit for the financial year

 

729,689

308,769

 

CONTEGO ENVIRONMENTAL SERVICES LTD

(Registration number: 06854998)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

1,532,588

409,483

Tangible assets

6

69,741

49,565

Investments

7

1

1,212,533

 

1,602,330

1,671,581

Current assets

 

Stocks

8

1,100,000

426,513

Debtors

9

2,836,111

2,452,170

Cash at bank and in hand

 

14,758

193,069

 

3,950,869

3,071,752

Creditors: Amounts falling due within one year

10

(3,738,662)

(3,015,548)

Net current assets

 

212,207

56,204

Total assets less current liabilities

 

1,814,537

1,727,785

Creditors: Amounts falling due after more than one year

10

(148,933)

(580,570)

Provisions for liabilities

(9,925)

(9,925)

Net assets

 

1,655,679

1,137,290

Capital and reserves

 

Called up share capital

11

900

900

Revaluation reserve

-

250,000

Retained earnings

1,654,779

886,390

Shareholders' funds

 

1,655,679

1,137,290

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 March 2025
 

 

CONTEGO ENVIRONMENTAL SERVICES LTD

(Registration number: 06854998)
Balance Sheet as at 31 October 2024

.........................................
M J Taylor
Director

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2023

900

250,000

886,390

1,137,290

Prior period adjustment

-

(250,000)

38,700

(211,300)

At 1 November 2023 (As restated)

900

-

925,090

925,990

Profit for the year

-

-

729,689

729,689

At 31 October 2024

900

-

1,654,779

1,655,679

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2022

900

250,000

616,321

867,221

Profit for the year

-

-

308,769

308,769

Dividends

-

-

(38,700)

(38,700)

At 31 October 2023

900

250,000

886,390

1,137,290

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF
England

These financial statements were authorised for issue by the director on 12 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings leasehold

20% Straight Line

Plant and machinery

10% Straight Line and 20% Straight Line

Fixtures, fittings and equipment

10% Straight Line

Motor Vehicles

20% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise and trademarks

5% straight line

Customer portal

5% straightline

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 135 (2023 - 115).

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

23,558

22,507

Amortisation expense

87,115

25,359

Income from shares in group undertakings

(735,000)

-

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Intangible assets

Goodwill
 £

Franchise and trademarks
£

Customer portal
£

Total
£

Cost or valuation

At 1 November 2023

52,500

211,273

268,300

532,073

Additions acquired separately

1,206,500

3,720

-

1,210,220

At 31 October 2024

1,259,000

214,993

268,300

1,742,293

Amortisation

At 1 November 2023

37,844

78,840

5,906

122,590

Amortisation charge

62,950

10,750

13,415

87,115

At 31 October 2024

100,794

89,590

19,321

209,705

Carrying amount

At 31 October 2024

1,158,206

125,403

248,979

1,532,588

At 31 October 2023

14,656

132,433

262,394

409,483

6

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 November 2023

44,775

6,091

179,753

41,599

Additions

7,276

2,360

12,182

21,916

At 31 October 2024

52,051

8,451

191,935

63,515

Depreciation

At 1 November 2023

37,946

5,494

138,904

40,309

Charge for the year

8,228

350

12,453

2,527

At 31 October 2024

46,174

5,844

151,357

42,836

Carrying amount

At 31 October 2024

5,877

2,607

40,578

20,679

At 31 October 2023

6,829

597

40,849

1,290

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Total
£

Cost or valuation

At 1 November 2023

272,218

Additions

43,734

At 31 October 2024

315,952

Depreciation

At 1 November 2023

222,653

Charge for the year

23,558

At 31 October 2024

246,211

Carrying amount

At 31 October 2024

69,741

At 31 October 2023

49,565

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Investments

2024
£

2023
£

Investments in subsidiaries

1

1,212,533

Subsidiaries

£

Cost or valuation

At 1 November 2023

1,212,533

Revaluation

(1,212,532)

At 31 October 2024

1

Provision

Carrying amount

At 31 October 2024

1

At 31 October 2023

1,212,533

8

Stocks

2024
£

2023
£

Other inventories

1,100,000

426,513

9

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,619,576

1,663,881

Amounts owed by related parties

13

63,522

64,693

Prepayments

 

117,473

77,833

Other debtors

 

1,035,540

645,763

   

2,836,111

2,452,170


Factoring

The company has entered into a factoring agreement. At 31 October 2024 £1,199,439 (2023: £1,017,411) was included within debtors with respect of amounts assigned to the Factor. Included within creditors is a loan from the Factor which is repayable out of the proceeds of factored debts..

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

10

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12

1,384,908

1,112,341

Trade creditors

 

626,328

415,006

Amounts owed to group undertakings and undertakings in which the company has a participating interest

13

297,318

268,992

Taxation and social security

 

1,203,815

851,078

Accruals and deferred income

 

177,224

109,789

Other creditors

 

49,069

258,342

 

3,738,662

3,015,548

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12

148,933

276,507

Other non-current financial liabilities

 

-

304,063

 

148,933

580,570

11

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

900

900

900

900

       

12

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

148,933

276,507

Current loans and borrowings

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2024
£

2023
£

Bank borrowings

99,895

60,272

Bank overdrafts

1,268,982

1,052,069

Hire purchase contracts

16,031

-

1,384,908

1,112,341

13

Related party transactions

Transactions with the director

2024

At 1 November 2023
£

Repayments by director
£

At 31 October 2024
£

M J Taylor

52,018

(52,018)

-

2023

At 1 November 2022
£

At 31 October 2023
£

M J Taylor

52,018

52,018

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

84,999

36,940

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

64,693

64,693

Repaid

(1,172)

(1,172)

At end of period

63,521

63,521

 

CONTEGO ENVIRONMENTAL SERVICES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2023

Entities with joint control or significant influence
£

Total
£

At start of period

38,327

38,327

Advanced

26,366

26,366

At end of period

64,693

64,693

Terms of loans to related parties

The loans provided are interest free and repayable on demand.
 

Loans from related parties

2024

Entities with joint control or significant influence
£

Subsidiary
£

Total
£

At start of period

196,153

72,839

268,992

Advanced

-

34,901

34,901

Repaid

(6,575)

-

(6,575)

At end of period

189,578

107,740

297,318

2023

Entities with joint control or significant influence
£

Subsidiary
£

Total
£

At start of period

141,364

267,001

408,365

Advanced

54,789

-

54,789

Repaid

-

(194,162)

(194,162)

At end of period

196,153

72,839

268,992

Terms of loans from related parties

The loans represent short term funding arrangements which are interest free and repayable on demand.