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REGISTERED NUMBER: 01777107 (England)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Cordtape Environmental Services Limited

Cordtape Environmental Services Limited (Registered number: 01777107)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cordtape Environmental Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr D L Spencer
Mr R Spencer
Mr L D Spencer
Mrs M V Spencer





REGISTERED OFFICE: Finchwell Close
Handsworth
Sheffield
South Yorkshire
S13 9DF





REGISTERED NUMBER: 01777107 (England)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Cordtape Environmental Services Limited (Registered number: 01777107)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 668,958 678,662

CURRENT ASSETS
Stocks 6,250 5,997
Debtors 5 238,388 338,190
Cash at bank 1,978,938 1,822,783
2,223,576 2,166,970
CREDITORS
Amounts falling due within one year 6 137,914 177,598
NET CURRENT ASSETS 2,085,662 1,989,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,754,620

2,668,034

PROVISIONS FOR LIABILITIES 20,552 20,552
NET ASSETS 2,734,068 2,647,482

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 319,767 269,981
Retained earnings 2,414,201 2,377,401
SHAREHOLDERS' FUNDS 2,734,068 2,647,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Cordtape Environmental Services Limited (Registered number: 01777107)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr D L Spencer - Director


Cordtape Environmental Services Limited (Registered number: 01777107)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cordtape Environmental Services Limited is a private company, limited by shares , registered in England. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on reducing balance
Improvements to property - 4% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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 year was 15 (2023 - 16 ) .

Cordtape Environmental Services Limited (Registered number: 01777107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2024 763,984 330,292 209,691
Additions - - -
Disposals - - -
At 31 December 2024 763,984 330,292 209,691
DEPRECIATION
At 1 January 2024 349,503 159,721 201,118
Charge for year 16,578 6,821 1,287
Eliminated on disposal - - -
At 31 December 2024 366,081 166,542 202,405
NET BOOK VALUE
At 31 December 2024 397,903 163,750 7,286
At 31 December 2023 414,481 170,571 8,573

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 42,810 176,803 30,373 1,553,953
Additions - 47,798 5,596 53,394
Disposals - (14,750 ) - (14,750 )
At 31 December 2024 42,810 209,851 35,969 1,592,597
DEPRECIATION
At 1 January 2024 31,034 110,617 23,298 875,291
Charge for year 1,766 27,332 4,648 58,432
Eliminated on disposal - (10,084 ) - (10,084 )
At 31 December 2024 32,800 127,865 27,946 923,639
NET BOOK VALUE
At 31 December 2024 10,010 81,986 8,023 668,958
At 31 December 2023 11,776 66,186 7,075 678,662

Cordtape Environmental Services Limited (Registered number: 01777107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 190,381 265,783
Other debtors 11,000 40,160
Cordtape Energy Management Ltd 17,642 7,357
VAT - 676
Prepayments 19,365 24,214
238,388 338,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 58,021 116,780
Corporation tax 35,601 26,166
Social security and other taxes 15,806 23,325
VAT 16,767 -
Other creditors 2,551 3,677
Directors' current accounts 229 550
Accrued expenses 8,939 7,100
137,914 177,598

7. RESERVES
Revaluation
reserve
£   
At 1 January 2024 269,981
Revaluation Capital Reserve 49,786

At 31 December 2024 319,767

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D L Spencer.