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Company No: 04483838 (England and Wales)

ENTEC FACILITIES MANAGEMENT LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ENTEC FACILITIES MANAGEMENT LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ENTEC FACILITIES MANAGEMENT LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
ENTEC FACILITIES MANAGEMENT LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Mr. A. Blackburn
Mr. J. Blackburn
REGISTERED OFFICE 48 The Fairway
Abbots Langley
WD5 0JZ
United Kingdom
COMPANY NUMBER 04483838 (England and Wales)
ACCOUNTANT Verallo
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
ENTEC FACILITIES MANAGEMENT LTD

BALANCE SHEET

As at 31 December 2024
ENTEC FACILITIES MANAGEMENT LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 41,320 20,823
41,320 20,823
Current assets
Debtors 4 149,515 229,198
Cash at bank and in hand 197,229 41,887
346,744 271,085
Creditors: amounts falling due within one year 5 ( 208,053) ( 192,802)
Net current assets 138,691 78,283
Total assets less current liabilities 180,011 99,106
Creditors: amounts falling due after more than one year 6 0 ( 5,636)
Net assets 180,011 93,470
Capital and reserves
Called-up share capital 7 108 108
Share premium account 17,130 17,130
Profit and loss account 162,773 76,232
Total shareholder's funds 180,011 93,470

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Entec Facilities Management Ltd (registered number: 04483838) were approved and authorised for issue by the Board of Directors on 03 July 2025. They were signed on its behalf by:

Mr. A. Blackburn
Director
ENTEC FACILITIES MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ENTEC FACILITIES MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Entec Facilities Management 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 48 The Fairway, Abbots Langley, WD5 0JZ, 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 goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination 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.

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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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 4 years straight line
Vehicles 35 % reducing balance
Fixtures and fittings 5 years straight line
Computer equipment 5 years straight line

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 January 2024 1,934 35,252 121 2,268 39,575
Additions 0 30,065 857 1,874 32,796
At 31 December 2024 1,934 65,317 978 4,142 72,371
Accumulated depreciation
At 01 January 2024 299 18,108 12 333 18,752
Charge for the financial year 484 11,052 182 581 12,299
At 31 December 2024 783 29,160 194 914 31,051
Net book value
At 31 December 2024 1,151 36,157 784 3,228 41,320
At 31 December 2023 1,635 17,144 109 1,935 20,823

Included within the net book value is £6,965 (2023 - £10,715) relating to assets held under hire purchase contracts. The depreciation charged to the financial statements in the year in respect of such assets amounted to £3,750 (2023 - £5,770).

4. Debtors

2024 2023
£ £
Trade debtors 100,879 206,819
Amounts owed by Group undertakings 21,048 0
Prepayments and accrued income 27,588 22,379
149,515 229,198

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 75,047 114,940
Amounts owed to Group undertakings 0 2,100
Amounts owed to directors 22,744 294
Accruals 3,990 3,800
Corporation tax 64,190 27,799
Other taxation and social security 32,510 34,347
Obligations under finance leases and hire purchase contracts 5,636 6,763
Other creditors 3,936 2,759
208,053 192,802

The aggregate amount of creditors for which security has been given by the company amounted to £5,636 (2023 - £6,763).

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

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 0 5,636

The aggregate amount of creditors for which security has been given by the company amounted to £nil (2023 - £5,636).

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10,750 Ordinary shares of £ 0.01 each 108 108

8. Ultimate controlling party

The immediate parent company is Entec Facilities Ltd, a company registered in England and Wales.