REGISTERED NUMBER: 11497770 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2024

for

Everflow Operations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Gill

A E Straker

J D Cleave

C L Dallison

L Armstrong

A Sheldon

J R Garrett

REGISTERED OFFICE:

Traynor Hub (T2)

Traynor Way

Whitehouse Business Park

Peterlee

SR8 2RU

REGISTERED NUMBER:

11497770 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA BFP FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

307,989

116,518

Investments

5

100

100

308,089

116,618

CURRENT ASSETS

Debtors

6

429,307

32,262

Cash at bank

615

3

429,922

32,265

CREDITORS

Amounts falling due within one year

7

(2,449,644

)

(1,214,168

)

NET CURRENT LIABILITIES

(2,019,722

)

(1,181,903

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,711,633

)

(1,065,285

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,711,733

)

(1,065,385

)

SHAREHOLDERS' FUNDS

(1,711,633

)

(1,065,285

)

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

J D Cleave - Director

1.	STATUTORY INFORMATION

Everflow Operations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

There were no departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Parent Company

The company is a wholly owned subsidiary of Everflow Holdings Limited and a parent company of Everflow Telecoms Limited. The company has taken advantage of the s400 Companies House exemption on preparing group accounts, due to the company being included in the the consolidated accounts of Everflow Holdings Limited.

Going concern

After reviewing the group's forecasts and projections, the directors have a reasonable expectation that the company, with the support of the group, has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company and wholly owned subsidiaries within the group nor transactions conducted at a market rate.

Turnover

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

Income recognition

Income is recognised as the waste management services are provided to the customer.

Intangible assets

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

Customer acquisitions are being amortised in line with the contract length to which they relate.

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in theStatement 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Customer

acquisitions

£

COST

At 1 January 2024

136,542

Additions

448,741

Disposals

(131,922

)

At 31 December 2024

453,361

AMORTISATION

At 1 January 2024

20,024

Amortisation for year

125,348

At 31 December 2024

145,372

NET BOOK VALUE

At 31 December 2024

307,989

At 31 December 2023

116,518

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

156,126

29,353

Deferred tax asset

271,757

-

Prepayments and accrued income

1,424

2,909

429,307

32,262

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

240

-

Amounts owed to group undertakings

2,266,574

1,083,654

Accruals and deferred income

182,830

130,514

2,449,644

1,214,168

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

10.	OTHER FINANCIAL COMMITMENTS

There is a cross guarantee in place in relation to the FW Capital loan held in Everflow Holdings Limited. The cross guarantee is between Everflow Holdings Limited, Everflow Limited, Everflow Operations Limited and Everflow Tech Limited. The loan is secured with a fixed and floating charge over the assets of the company. At the year end the loan balance outstanding was £43,290 (2023: £228,991).

There is a second cross guarantee in place in relation to the Sansaar loan held in Everflow Holdings Limited. The cross guarantee is between Everflow Holdings Limited, Everflow Limited, Everflow Operations Limited and Everflow Tech Limited. The loan is secured with a fixed and floating charge over the assets of the company. At the year end the loan balance outstanding is £6,475,974 (2023: £6,439,936).

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is Everflow Holdings Limited. The parent company registered office is Traynor Hub (T2) Traynor Way, Whitehouse Business Park, Peterlee SR8 2RU.