REGISTERED NUMBER: 11230241 (England and Wales)

ELCOT ENVIRONMENTAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTOR:

Mr P J Whiteside

REGISTERED OFFICE:

The Nurseries

Kingsdown Lane

Blunsdon

SWINDON

Wiltshire

SN25 5DL

REGISTERED NUMBER:

11230241 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

HSBC Bank Plc

Unit 6

The Lock

Canal Walk

SWINDON

Wiltshire

SN1 1LD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

467,751

564,083

467,751

564,083

CURRENT ASSETS

Stocks

69,092

60,419

Debtors

6

261,148

279,098

Cash at bank

31,133

17,153

361,373

356,670

CREDITORS

Amounts falling due within one year

7

307,265

311,325

NET CURRENT ASSETS

54,108

45,345

TOTAL ASSETS LESS CURRENT LIABILITIES

521,859

609,428

CREDITORS

Amounts falling due after more than one year

8

(65,541

)

(55,795

)

PROVISIONS FOR LIABILITIES

(39,612

)

(60,525

)

NET ASSETS

416,706

493,108

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

416,606

493,008

SHAREHOLDERS' FUNDS

416,706

493,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2025 and were signed by:

Mr P J Whiteside - Director

1.	STATUTORY INFORMATION

Elcot Environmental Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11230241

Registered office: The Nurseries, Kingsdown Lane, Blunsdon, Swindon, SN25 5DL

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine the basis for income recognition, more detail can be found in the turnover policy below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

As and when an invoice is raised by the company, a proportion of the income is deferred over a period of three years, as part of the agreement they enter into with the customer requires them to carry out annual reviews and any remedial works which may arise over a three year period. The income is released under a systematic basis over the three year period.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st May 2024

and 30th April 2025

22,279

AMORTISATION

At 1st May 2024

and 30th April 2025

22,279

NET BOOK VALUE

At 30th April 2025

-

At 30th April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2024

340,915

467,211

808,126

Additions

-

34,909

34,909

Disposals

-

(138,107

)

(138,107

)

At 30th April 2025

340,915

364,013

704,928

DEPRECIATION

At 1st May 2024

25,984

218,059

244,043

Charge for year

6,000

54,481

60,481

Eliminated on disposal

-

(67,347

)

(67,347

)

At 30th April 2025

31,984

205,193

237,177

NET BOOK VALUE

At 30th April 2025

308,931

158,820

467,751

At 30th April 2024

314,931

249,152

564,083

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

146,762

189,220

Other debtors

114,386

89,878

261,148

279,098

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases (see note 9)

8,898

70,941

Trade creditors

138,974

76,851

Taxation and social security

47,560

60,283

Other creditors

111,833

103,250

307,265

311,325

Included within other creditors is deferred income totalling £99,279 (2024: £85,599). Income recognition is explained within the accounting policies.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases (see note 9)

15,205

27,310

Other creditors

50,336

28,485

65,541

55,795

Included within other creditors is deferred income totalling £50,336 (2024: £28,485). Income recognition is explained within the accounting policies.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

2025

2024

2025

2024

£

£

£

£

Net obligations repayable:

Within one year

8,898

45,941

-

25,000

Between one and five years

15,205

27,310

-

-

24,103

73,251

-

25,000

Non-cancellable

operating leases

2025

2024

£

£

Within one year

14,754

14,754

Between one and five years

23,932

38,292

38,686

53,046

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts and finance leases

24,103

98,251

The hire purchase liability is secured upon the assets on which finance was obtained.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2025 and 30th April 2024:

2025

2024

£

£

Mr P J Whiteside

Balance outstanding at start of year

2,454

-

Amounts advanced

65,990

2,454

Amounts repaid

(28,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,944

2,454

Interest was charged on the above loan using HM Revenue & Customs official rate of interest. The loan was repaid on 18 September 2025.