Registered number
04500927
Enquin Environmental Limited
Report and Unaudited Accounts
30 November 2024
Enquin Environmental Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6
Enquin Environmental Limited
Company Information
Directors
S L Cuff
S A Foster
S D Jones
J C Martyn
Secretary
S L Cuff
Accountants
Stuart Anderson Accountants Limited
Newland
Ely Valley Road
Talbot Green
Mid Glamorgan
CF72 8AP
Registered office
1 Ringside Business Centre
Heol y Rhosog
Wentloog
Cardiff
CF3 2EW
Registered number
04500927
Enquin Environmental Limited
Registered number: 04500927
Directors' Report
The directors present their report and accounts for the year ended 30 November 2024.
Principal activities
The company's principal activity during the year continued to be the provision of consultancy services relating to the monitoring and removal of asbestos.
Directors
The following persons served as directors during the year:
S L Cuff
S A Foster
S D Jones
J C Martyn
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 25 April 2025 and signed on its behalf.
S D Jones
Director
Enquin Environmental Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Enquin Environmental Limited for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Enquin Environmental Limited for the year ended 30 November 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Enquin Environmental Limited, as a body, in accordance with the terms of our engagement letter dated 30 April 2010. Our work has been undertaken solely to prepare for your approval the accounts of Enquin Environmental Limited and state those matters that we have agreed to state to the Board of Directors of Enquin Environmental Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enquin Environmental Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Enquin Environmental Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Enquin Environmental Limited. You consider that Enquin Environmental Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Enquin Environmental Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Stuart Anderson Accountants Limited
Newland
Ely Valley Road
Talbot Green
Mid Glamorgan
CF72 8AP
25 April 2025
Enquin Environmental Limited
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 1,741,758 1,395,896
Cost of sales (208,202) (121,499)
Gross profit 1,533,556 1,274,397
Administrative expenses (1,475,815) (1,220,496)
Operating profit 57,741 53,901
Interest receivable 671 426
Interest payable (8,572) (1,691)
Profit before taxation 49,840 52,636
Tax on profit (9,469) (10,016)
Profit for the financial year 40,371 42,620
Enquin Environmental Limited
Registered number: 04500927
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 81,277 63,806
Current assets
Stocks 4,670 4,670
Debtors 4 360,537 291,875
Cash at bank and in hand 240,314 145,665
605,521 442,210
Creditors: amounts falling due within one year 5 (300,793) (207,072)
Net current assets 304,728 235,138
Total assets less current liabilities 386,005 298,944
Creditors: amounts falling due after more than one year 6 (108,402) (56,902)
Provisions for liabilities (12,977) (9,116)
Net assets 264,626 232,926
Capital and reserves
Called up share capital 1,000 1,000
Capital Redemption reserve 40,000 40,000
Profit and loss account 223,626 191,926
Shareholders' funds 264,626 232,926
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S D Jones
Director
Approved by the board on 25 April 2025
Enquin Environmental Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 30 25
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 40,157 275,473 88,290 403,920
Additions - 2,163 43,200 45,363
At 30 November 2024 40,157 277,636 131,490 449,283
Depreciation
At 1 December 2023 40,156 264,689 35,269 340,114
Charge for the year - 5,072 22,820 27,892
At 30 November 2024 40,156 269,761 58,089 368,006
Net book value
At 30 November 2024 1 7,875 73,401 81,277
At 30 November 2023 1 10,784 53,021 63,806
4 Debtors 2024 2023
£ £
Trade debtors 337,573 258,777
Other debtors 22,964 33,098
360,537 291,875
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 19,501 10,000
Obligations under finance lease and hire purchase contracts 14,494 6,558
Trade creditors 68,961 36,870
Taxation and social security costs 155,473 111,114
Other creditors 42,364 42,530
300,793 207,072
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 53,832 23,333
Obligations under finance lease and hire purchase contracts 54,570 33,569
108,402 56,902
7 Other information
Enquin Environmental Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is:
1 Ringside Business Centre
Heol y Rhosog
Wentloog
Cardiff
CF3 2EW
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