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Company No: 10822616 (England and Wales)

WEST COUNTRY ENVIRONMENTAL LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

WEST COUNTRY ENVIRONMENTAL LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

WEST COUNTRY ENVIRONMENTAL LTD

BALANCE SHEET

As at 30 June 2024
WEST COUNTRY ENVIRONMENTAL LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 54,756 70,576
54,756 70,576
Current assets
Stocks 35,500 35,500
Debtors 4 27,923 41,563
Cash at bank and in hand 2,614 2,718
66,037 79,781
Creditors: amounts falling due within one year 5 ( 71,803) ( 59,616)
Net current (liabilities)/assets (5,766) 20,165
Total assets less current liabilities 48,990 90,741
Creditors: amounts falling due after more than one year 6 ( 49,526) ( 79,094)
Provision for liabilities 7 ( 6,780) ( 10,721)
Net (liabilities)/assets ( 7,316) 926
Capital and reserves
Called-up share capital 2 2
Profit and loss account ( 7,318 ) 924
Total shareholders' (deficit)/funds ( 7,316) 926

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 financial statements of West Country Environmental Ltd (registered number: 10822616) were approved and authorised for issue by the Board of Directors on 27 June 2025. They were signed on its behalf by:

L Bullen
Director
WEST COUNTRY ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
WEST COUNTRY ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

West Country Environmental Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-2 Lufton Heights Commerce Park Boundary Way, Lufton, Yeovil, BA22 8UY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for machines resold and pest control services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 July 2023 28,476 82,257 3,655 114,388
Additions 4,607 0 912 5,519
Disposals ( 4,782) 0 0 ( 4,782)
At 30 June 2024 28,301 82,257 4,567 115,125
Accumulated depreciation
At 01 July 2023 13,511 28,015 2,286 43,812
Charge for the financial year 4,061 13,561 351 17,973
Disposals ( 1,416) 0 0 ( 1,416)
At 30 June 2024 16,156 41,576 2,637 60,369
Net book value
At 30 June 2024 12,145 40,681 1,930 54,756
At 30 June 2023 14,965 54,242 1,369 70,576
Leased assets included above:
Net book value
At 30 June 2024 1,616 40,682 0 42,298
At 30 June 2023 6,194 54,242 0 60,436

4. Debtors

2024 2023
£ £
Trade debtors 18,982 8,995
Amounts owed by directors 8,321 31,442
Prepayments 0 1,126
Other debtors 620 0
27,923 41,563

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 7,739 0
Trade creditors 22,192 23,991
Accruals 2,951 0
Corporation tax 4,264 0
Other taxation and social security 6,397 10,607
Obligations under finance leases and hire purchase contracts (secured) 14,597 11,856
Other creditors 13,663 13,162
71,803 59,616

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 7,066 22,579
Obligations under finance leases and hire purchase contracts (secured) 42,460 56,515
49,526 79,094

Within bank loans is a balance of £3,667 (2023 - £5,667) relating to an outstanding amount due from a Coronavirus Bounce Back Loan. The UK government have guaranteed 100% of the value of the loan.

The obligations under finance leases and hire purchase contracts are secured on the underlying assets which are included within plant & machinery and motor vehicles. The net book value of the relevant assets at the balance sheet date is £42,298 (2023 - £60,436).

7. Provision for liabilities

2024 2023
£ £
Deferred tax 6,780 10,721

8. Related party transactions

Transactions with the entity's directors

Advances

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 each at the official HMRC rates.

At 1 July 2023 the balance owed from the directors was £31,442. During the year, the company made advances to directors amounting to £22,264 and received repayments of £45,385 leaving at 30 June 2024 a balance due from the directors of £8,321.

At 1 July 2022 the balance owed from the directors was £14,960. During the year, the company made advances to directors amounting to £30,482 and received repayments of £14,000 leaving at 30 June 2023 a balance due from the directors of £31,442.