32 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 04521597 2024-03-01 2025-02-28 04521597 2025-02-28 04521597 2024-02-29 04521597 2023-03-01 2024-02-29 04521597 2024-02-29 04521597 2023-02-28 04521597 core:PlantMachinery 2024-03-01 2025-02-28 04521597 core:MotorVehicles 2024-03-01 2025-02-28 04521597 bus:RegisteredOffice 2024-03-01 2025-02-28 04521597 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 04521597 bus:Director1 2024-03-01 2025-02-28 04521597 bus:Director3 2024-03-01 2025-02-28 04521597 bus:Director4 2024-03-01 2025-02-28 04521597 bus:CompanySecretary1 2024-03-01 2025-02-28 04521597 core:LandBuildings 2024-02-29 04521597 core:PlantMachinery 2024-02-29 04521597 core:MotorVehicles 2024-02-29 04521597 core:LandBuildings 2025-02-28 04521597 core:PlantMachinery 2025-02-28 04521597 core:MotorVehicles 2025-02-28 04521597 core:LandBuildings 2024-03-01 2025-02-28 04521597 core:WithinOneYear 2025-02-28 04521597 core:WithinOneYear 2024-02-29 04521597 core:ShareCapital 2025-02-28 04521597 core:ShareCapital 2024-02-29 04521597 core:RetainedEarningsAccumulatedLosses 2025-02-28 04521597 core:RetainedEarningsAccumulatedLosses 2024-02-29 04521597 core:LandBuildings 2024-02-29 04521597 core:PlantMachinery 2024-02-29 04521597 core:MotorVehicles 2024-02-29 04521597 bus:SmallEntities 2024-03-01 2025-02-28 04521597 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 04521597 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04521597 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04521597 bus:FullAccounts 2024-03-01 2025-02-28
COMPANY REGISTRATION NUMBER: 04521597
ENVIROTYRE UK LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2025
ENVIROTYRE UK LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2025
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 7
ENVIROTYRE UK LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
R P King
J R Shelton
D King
Company secretary
R P King
Registered office
Head Office Reed Point
Sutterton
Boston
Lincolnshire
PE20 2EP
Accountants
Streets LLP
Chartered accountants
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
ENVIROTYRE UK LIMITED
STATEMENT OF FINANCIAL POSITION
28 February 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
1,128,690
553,686
Current assets
Stocks
17,411
1,650
Debtors
6
310,067
256,781
Cash at bank and in hand
923,952
1,387,759
-------------
-------------
1,251,430
1,646,190
Creditors: amounts falling due within one year
7
272,443
323,199
-------------
-------------
Net current assets
978,987
1,322,991
-------------
-------------
Total assets less current liabilities
2,107,677
1,876,677
Provisions
Taxation including deferred tax
47,425
58,239
-------------
-------------
Net assets
2,060,252
1,818,438
-------------
-------------
ENVIROTYRE UK LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2025
2025
2024
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,060,152
1,818,338
-------------
-------------
Shareholders funds
2,060,252
1,818,438
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 July 2025 , and are signed on behalf of the board by:
R P King
Director
Company registration number: 04521597
ENVIROTYRE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Head Office Reed Point, Sutterton, Boston, Lincolnshire, PE20 2EP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents the value of all goods sold during the period, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
Land and buildings are not depreciated.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 32 (2024: 31 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2024
227,542
395,323
451,516
1,074,381
Additions
639,106
41,017
37,250
717,373
Disposals
( 31,925)
( 31,925)
----------
----------
----------
-------------
At 28 February 2025
866,648
436,340
456,841
1,759,829
----------
----------
----------
-------------
Depreciation
At 1 March 2024
296,832
223,863
520,695
Charge for the year
42,352
88,593
130,945
Disposals
( 20,501)
( 20,501)
----------
----------
----------
-------------
At 28 February 2025
339,184
291,955
631,139
----------
----------
----------
-------------
Carrying amount
At 28 February 2025
866,648
97,156
164,886
1,128,690
----------
----------
----------
-------------
At 29 February 2024
227,542
98,491
227,653
553,686
----------
----------
----------
-------------
6. Debtors
2025
2024
£
£
Trade debtors
278,798
227,096
Other debtors
31,269
29,685
----------
----------
310,067
256,781
----------
----------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
63,463
84,293
Corporation tax
105,025
92,327
Social security and other taxes
91,655
70,804
Other creditors
12,300
75,775
----------
----------
272,443
323,199
----------
----------
8. Related parties
No transactions with related parties were undertaken during the period, such as are required to be disclosed under FRS102 Section 1A.
9. Controlling party
The company was under the control of the directors during the current and previous year.