Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-29truefalsefalse2023-12-29Recycling facility1919trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07881267 2023-12-29 2024-12-31 07881267 2023-01-01 2023-12-28 07881267 2024-12-31 07881267 2023-12-28 07881267 2023-01-01 07881267 c:Director1 2023-12-29 2024-12-31 07881267 d:Buildings 2023-12-29 2024-12-31 07881267 d:Buildings 2024-12-31 07881267 d:Buildings 2023-12-28 07881267 d:Buildings d:OwnedOrFreeholdAssets 2023-12-29 2024-12-31 07881267 d:Buildings d:LeasedAssetsHeldAsLessee 2023-12-29 2024-12-31 07881267 d:Buildings d:ShortLeaseholdAssets 2023-12-29 2024-12-31 07881267 d:Buildings d:ShortLeaseholdAssets 2024-12-31 07881267 d:Buildings d:ShortLeaseholdAssets 2023-12-28 07881267 d:PlantMachinery 2023-12-29 2024-12-31 07881267 d:MotorVehicles 2023-12-29 2024-12-31 07881267 d:FurnitureFittings 2023-12-29 2024-12-31 07881267 d:OfficeEquipment 2023-12-29 2024-12-31 07881267 d:OtherPropertyPlantEquipment 2023-12-29 2024-12-31 07881267 d:OtherPropertyPlantEquipment 2024-12-31 07881267 d:OtherPropertyPlantEquipment 2023-12-28 07881267 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-12-29 2024-12-31 07881267 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-12-29 2024-12-31 07881267 d:OwnedOrFreeholdAssets 2023-12-29 2024-12-31 07881267 d:LeasedAssetsHeldAsLessee 2023-12-29 2024-12-31 07881267 d:Goodwill 2024-12-31 07881267 d:Goodwill 2023-12-28 07881267 d:CurrentFinancialInstruments 2024-12-31 07881267 d:CurrentFinancialInstruments 2023-12-28 07881267 d:Non-currentFinancialInstruments 2024-12-31 07881267 d:Non-currentFinancialInstruments 2023-12-28 07881267 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07881267 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-28 07881267 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07881267 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-28 07881267 d:ShareCapital 2024-12-31 07881267 d:ShareCapital 2023-12-28 07881267 d:RetainedEarningsAccumulatedLosses 2024-12-31 07881267 d:RetainedEarningsAccumulatedLosses 2023-12-28 07881267 c:OrdinaryShareClass1 2023-12-29 2024-12-31 07881267 c:OrdinaryShareClass1 2024-12-31 07881267 c:OrdinaryShareClass1 2023-12-28 07881267 c:FRS102 2023-12-29 2024-12-31 07881267 c:AuditExempt-NoAccountantsReport 2023-12-29 2024-12-31 07881267 c:FullAccounts 2023-12-29 2024-12-31 07881267 c:PrivateLimitedCompanyLtd 2023-12-29 2024-12-31 07881267 d:WithinOneYear 2024-12-31 07881267 d:WithinOneYear 2023-12-28 07881267 d:BetweenOneFiveYears 2024-12-31 07881267 d:BetweenOneFiveYears 2023-12-28 07881267 d:MoreThanFiveYears 2024-12-31 07881267 d:MoreThanFiveYears 2023-12-28 07881267 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 07881267 d:HirePurchaseContracts d:WithinOneYear 2023-12-28 07881267 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 07881267 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-28 07881267 2 2023-12-29 2024-12-31 07881267 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 07881267 d:AcceleratedTaxDepreciationDeferredTax 2023-12-28 07881267 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 07881267 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-28 07881267 e:PoundSterling 2023-12-29 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07881267









PULSE ENVIRONMENTAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
PULSE ENVIRONMENTAL LIMITED
REGISTERED NUMBER: 07881267

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
28 December
2024
2023
                                                                         Note
£
£

Fixed assets
  

Tangible assets
 5 
909,712
889,451

Current assets
  

Stocks
 6 
76,091
10,694

Debtors: amounts falling due within one year
 7 
2,351,783
723,536

Cash at bank and in hand
 8 
333,369
2,167,696

  
2,761,243
2,901,926

Creditors: amounts falling due within one year
 9 
(1,991,114)
(2,051,656)

Net current assets
  
 
 
770,129
 
 
850,270

Total assets less current liabilities
  
1,679,841
1,739,721

Creditors: amounts falling due after more than one year
 10 
(172,629)
(461,503)

Provisions for liabilities
  

Deferred tax
  
(198,390)
(186,659)

Net assets
  
1,308,822
1,091,559


Capital and reserves
  

Called up share capital 
 13 
684,100
684,100

Profit and loss account
  
624,722
407,459

  
1,308,822
1,091,559


Page 1

 
PULSE ENVIRONMENTAL LIMITED
REGISTERED NUMBER: 07881267
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 period 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: 




K Colbert
Director

Date: 29 May 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Pulse Environmental Limited ("the Company") operates as a recycling facility. The company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 11a South Crescent, Cody Road, Canning Town, London E16 4TL.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis.

 
2.3

Revenue recognition

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.

Rendering of services
In respect of operating leases for the hire of equipment, revenue is recognised in the Statement of income and retained earnings on a straight line basis over the period of the lease.
Revenue from waste management services is recognised on a straight line basis over the term of the contract.

Page 3

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of income and retained earnings over its useful economic life.

 
2.5

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.

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

Depreciation is provided on the following annual bases:

Land and buildings leasehold
-
over lease term
Plant and machinery
-
15% reducing balance
Motor vehicles
-
20% reducing balance / 20% straight line
Fixtures, fittings and equipment
-
15% reducing balance
Office equipment
-
15% 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 the Statement of income and retained earnings.

 
2.6

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.
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 Statement of income and retained earnings.

 
2.7

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.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 4

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Finance costs

Finance costs are charged to the statement of income and retained earnings 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.

 
2.11

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.12

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of income and retained earnings on a straight line basis over the term of the relevant lease.

 
2.13

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to Statement of income and retained earnings on a straight-line basis over the lease term.

 
2.14

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to Statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 5

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

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.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to the Statement of income and retained earnings.

 
2.17

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 6

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.18

Interest income

Interest income is recognised in Statement of income and retained earnings using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 19 (2023 - 19).


4.


Intangible assets






Goodwill

£



Cost


At 29 December 2023
53,731



At 31 December 2024

53,731



Amortisation


At 29 December 2023
53,731



At 31 December 2024

53,731



Net book value



At 31 December 2024
-



At 28 December 2023
-



Page 7

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Tangible fixed assets







Land and buildings
Other fixed assets
Total

£
£
£



Cost


At 29 December 2023
24,050
3,056,873
3,080,923


Additions
22,201
271,980
294,181


Disposals
(24,050)
(51,162)
(75,212)



At 31 December 2024

22,201
3,277,691
3,299,892



Depreciation


At 29 December 2023
17,632
2,173,840
2,191,472


Charge for the period on owned assets
4,440
105,270
109,710


Charge for the period on financed assets
-
142,046
142,046


Disposals
(17,632)
(35,416)
(53,048)



At 31 December 2024

4,440
2,385,740
2,390,180



Net book value



At 31 December 2024
17,761
891,951
909,712



At 28 December 2023
6,418
883,033
889,451

Page 8

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

           5.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


31 December
28 December
2024
2023
£
£

Short leasehold
17,761
6,418


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


31 December
28 December
2024
2023
£
£



Motor vehicles
362,151
357,858


6.


Stocks

31 December
28 December
2024
2023
£
£

Finished goods and goods for resale
76,091
10,694



7.


Debtors

31 December
28 December
2024
2023
£
£


Trade debtors
347,037
516,126

Amounts owed by group undertakings
1,750,000
-

Other debtors
108,250
115,362

Prepayments and accrued income
146,496
92,048

2,351,783
723,536


Page 9

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Cash and cash equivalents

31 December
28 December
2024
2023
£
£

Cash at bank and in hand
333,369
2,167,696



9.


Creditors: Amounts falling due within one year

31 December
28 December
2024
2023
£
£

Trade creditors
354,380
600,990

Corporation tax
60,752
32,587

Other taxation and social security
63,933
21,374

Obligations under finance lease and hire purchase contracts
130,738
121,855

Other creditors
8,897
6,650

Accruals and deferred income
1,372,414
1,268,200

1,991,114
2,051,656



10.


Creditors: Amounts falling due after more than one year

31 December
28 December
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
172,629
136,503

Accruals and deferred income
-
325,000

172,629
461,503


Secured loans
Obligations under hire purchase contracts of £300,319 (2023 - £258,358) are secured on the assets to which they relate.

Page 10

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

31 December
28 December
2024
2023
£
£


Within one year
140,937
121,855

Between 1-5 years
159,382
136,503

300,319
258,358


12.


Deferred taxation






2024
2023


£

£






At beginning of year
186,659
73,568


Charged to profit or loss
11,731
113,091



At end of year
198,390
186,659

The provision for deferred taxation is made up as follows:

31 December
28 December
2024
2023
£
£


Accelerated capital allowances
198,390
186,659


13.


Share capital

31 December
28 December
2024
2023
£
£
Authorised, allotted, called up and fully paid



684,100 (2023 - 684,100) Ordinary shares of £1.00 each
684,100
684,100


Page 11

 
PULSE ENVIRONMENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

14.


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 £6,675 (2023 - £7,948). Contributions totalling £3,390 (2023 - £2,737) were payable to the fund at the balance sheet date and are included in creditors.


15.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 December
28 December
2024
2023
£
£


Not later than 1 year
368,750
368,750

Later than 1 year and not later than 5 years
1,381,250
1,700,000

Later than 5 years
-
106,250

1,750,000
2,175,000


16.


Controlling party

The Company is controlled by KM Colbert by virtue of his direct and indirect holding of 100% of the issued share capital in the Company.

 
Page 12