Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-307false2023-07-01falseManufacture of oils and fats7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05515190 2023-07-01 2024-06-30 05515190 2022-07-01 2023-06-30 05515190 2024-06-30 05515190 2023-06-30 05515190 c:Director4 2023-07-01 2024-06-30 05515190 d:PlantMachinery 2023-07-01 2024-06-30 05515190 d:PlantMachinery 2024-06-30 05515190 d:PlantMachinery 2023-06-30 05515190 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05515190 d:MotorVehicles 2023-07-01 2024-06-30 05515190 d:MotorVehicles 2024-06-30 05515190 d:MotorVehicles 2023-06-30 05515190 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05515190 d:FurnitureFittings 2023-07-01 2024-06-30 05515190 d:FurnitureFittings 2024-06-30 05515190 d:FurnitureFittings 2023-06-30 05515190 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05515190 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05515190 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-01 2024-06-30 05515190 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 05515190 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 05515190 d:CurrentFinancialInstruments 2024-06-30 05515190 d:CurrentFinancialInstruments 2023-06-30 05515190 d:Non-currentFinancialInstruments 2024-06-30 05515190 d:Non-currentFinancialInstruments 2023-06-30 05515190 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05515190 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05515190 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05515190 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05515190 d:ShareCapital 2024-06-30 05515190 d:ShareCapital 2023-06-30 05515190 d:RetainedEarningsAccumulatedLosses 2024-06-30 05515190 d:RetainedEarningsAccumulatedLosses 2023-06-30 05515190 c:FRS102 2023-07-01 2024-06-30 05515190 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05515190 c:FullAccounts 2023-07-01 2024-06-30 05515190 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05515190 6 2023-07-01 2024-06-30 05515190 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-07-01 2024-06-30 05515190 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05515190










CAMPBELL ENVIRONMENTAL OIL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
REGISTERED NUMBER: 05515190

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
234
468

Tangible assets
 5 
109,078
105,658

Investments
 6 
4
4

  
109,316
106,130

Current assets
  

Stocks
 7 
92,946
114,919

Debtors: amounts falling due within one year
 8 
159,123
172,689

Cash at bank and in hand
 9 
1,191
1,211

  
253,260
288,819

  

Creditors: amounts falling due within one year
 10 
(1,224,382)
(1,093,309)

Net current liabilities
  
 
 
(971,122)
 
 
(804,490)

Total assets less current liabilities
  
(861,806)
(698,360)

Creditors: amounts falling due after more than one year
 11 
(87,571)
(125,417)

  

Net liabilities
  
(949,377)
(823,777)


Capital and reserves
  

Called up share capital 
  
900
900

Profit and loss account
  
(950,277)
(824,677)

  
(949,377)
(823,777)


Page 1

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
REGISTERED NUMBER: 05515190

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 comprehensive income 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: 




E E M Campbell
Director

Date: 28 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
 

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

1.


General information

Campbell Environmental Oil Limited is a private company, limited by shares and incorporated in England & Wales.

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 following principal accounting policies have been applied:

 
2.2

Going concern

At the year end the company had net liabilities of £949,377 (2023: £823,777). The directors have confirmed that they consider that appropriate sources of funding are in place to enable the company to meet current and future expected liabilities for at least 12 months from the date of approval of the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Trademarks
-
5
years

 
2.10

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.

Page 4

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
 

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

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
10% reducing balance

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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

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 first in, first out 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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

  
2.16

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and otherthird parties, loans to related parties and investments in ordinary shares.

Page 5

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
 

 
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 7 (2023 - 7).


4.


Intangible assets




Trademarks

£



Cost


At 1 July 2023
2,385



At 30 June 2024

2,385



Amortisation


At 1 July 2023
1,917


Charge for the year
234



At 30 June 2024

2,151



Net book value



At 30 June 2024
234



At 30 June 2023
468



Page 6

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
 

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

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2023
302,132
63,590
14,996
380,718


Additions
17,399
-
-
17,399



At 30 June 2024

319,531
63,590
14,996
398,117



Depreciation


At 1 July 2023
214,939
49,890
10,231
275,060


Charge for the year
10,078
3,425
476
13,979



At 30 June 2024

225,017
53,315
10,707
289,039



Net book value



At 30 June 2024
94,514
10,275
4,289
109,078



At 30 June 2023
87,193
13,700
4,765
105,658


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
4



At 30 June 2024
4





7.


Stocks

2024
2023
£
£

Raw materials and consumables
92,946
114,919


Page 7

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
 

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

8.


Debtors

2024
2023
£
£


Trade debtors
147,361
156,125

Other debtors
10,865
15,667

Called up share capital not paid
897
897

159,123
172,689


Included within other debtors due within one year is a loan to Emily Campbell, a director, amounting to
£2,520 (2023 - £2,520). The loan is interest free and repayable on demand.


9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,191
1,211

Less: bank overdrafts
(221,355)
(214,372)

(220,164)
(213,161)



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
221,355
214,372

Bank loans - bounce back loan
10,000
10,000

Trade creditors
343,917
219,131

Accruals and deferred income
5,600
5,500

Obligations under finance lease and hire purchase contracts
14,616
949

R A Campbell & Partners
554,937
562,059

Other taxation and social security
2,244
3,901

Other loans
59,096
30,000

Other creditors
12,613
47,393

Amounts owed to group undertakings
4
4

1,224,382
1,093,309


Page 8

 
CAMPBELL ENVIRONMENTAL OIL LIMITED
 

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

11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans - bounce back loan
10,417
20,417

Other loans
77,154
105,000

87,571
125,417


Secured loans
Hire purchase liabilities of £nil (2023: £949) are secured on the assets concerned. Bank loans and overdrafts of £221,355 (2023: £214,372) are secured on property owned by R A Campbell & Partners.


12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,295 (2023: £3,581).


Page 9