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Registration number: 05393456

Churchill Enviro Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Churchill Enviro Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Churchill Enviro Ltd

Company Information

Directors

B.J. Maher

G.M. Maher

C.J. Maher

M.W. Maher

Company secretary

B.J. Maher

Registered office

1 Eyebrook Road
Bowdon
Altrincham
Cheshire
WA14 3LR

Accountants

McKellens Limited
Chartered Accountants
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

 

Churchill Enviro Ltd

(Registration number: 05393456)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,638

7,048

Current assets

 

Stocks

5

564

3,024

Debtors

6

3,056,721

3,177,135

Cash at bank and in hand

 

417,592

73,715

 

3,474,877

3,253,874

Creditors: Amounts falling due within one year

7

(884,994)

(1,205,224)

Net current assets

 

2,589,883

2,048,650

Total assets less current liabilities

 

2,595,521

2,055,698

Provisions for liabilities

(499,670)

(91,000)

Net assets

 

2,095,851

1,964,698

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

2,095,751

1,964,598

Shareholders' funds

 

2,095,851

1,964,698

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

B.J. Maher
Director

G.M. Maher
Director

 
     
 

Churchill Enviro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
1 Eyebrook Road
Bowdon
Altrincham
Cheshire
WA14 3LR

These financial statements were authorised for issue by the Board on 26 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.

 

Churchill Enviro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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

Plant & Machinery

10% straight line basis

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

Churchill Enviro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

14,096

14,096

At 30 June 2024

14,096

14,096

Depreciation

At 1 July 2023

7,048

7,048

Charge for the year

1,410

1,410

At 30 June 2024

8,458

8,458

Carrying amount

At 30 June 2024

5,638

5,638

At 30 June 2023

7,048

7,048

5

Stocks

2024
£

2023
£

Other inventories

564

3,024

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

176,162

58,196

Amounts owed by related parties

9

2,691,274

2,870,406

Prepayments

 

107,963

149,262

Other debtors

 

81,322

99,271

   

3,056,721

3,177,135

 

Churchill Enviro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

266,732

45,825

Taxation and social security

44,187

43,043

Accruals and deferred income

574,075

1,116,356

884,994

1,205,224

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

Summary of transactions with other related parties

Other related parties are companies with whom trading has occurred and to whom loans have been made or received where the directors of Churchill Enviro Ltd are directors and/or shareholders of the related party company.
 
During the year sales to related parties amounted to £818,618 (2023 - £714,869) and related parties recharged costs of sale of £402,016 (2023 - £305.375) administration costs of £26,689 (2023 - £42,670) to Churchill Enviro Ltd. At the balance sheet date the amount due from related parties was £2,691,274 (2023 - £2,870,406). All amounts due are repayable on demand.

 

10

Parent and ultimate parent undertaking

The ultimate controlling party is the directors.