Company registration number 08140650 (England and Wales)
ENVIRO METALS LANCASTER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ENVIRO METALS LANCASTER LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
ENVIRO METALS LANCASTER LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
256,186
316,060
Investments
4
50
-
0
256,236
316,060
Current assets
Stocks
55,000
252,820
Debtors
5
159,939
14,457
Investments
6
3,100
3,100
Cash at bank and in hand
47,628
140,097
265,667
410,474
Creditors: amounts falling due within one year
7
(255,763)
(347,346)
Net current assets
9,904
63,128
Total assets less current liabilities
266,140
379,188
Creditors: amounts falling due after more than one year
8
(72,380)
(126,453)
Provisions for liabilities
(64,010)
(78,990)
Net assets
129,750
173,745
Capital and reserves
Called up share capital
9
9
9
Profit and loss reserves
129,741
173,736
Total equity
129,750
173,745

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ENVIRO METALS LANCASTER LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
Mr J R Hill
Director
Company registration number 08140650 (England and Wales)
ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Enviro Metals Lancaster Limited is a private company limited by shares incorporated in England and Wales under registration number 08140650. The registered office is Unit 1a, White Lund Avenue, Off White Lund Road, Morecambe, LA3 3ED.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for the sale of scrap metal and is shown net of VAT and any trade discounts.

Revenue from the sale of scrap metal is recognised when the goods have been received by the buyer or there is a contractual arrangement with buyer and the amount of revenue can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold land
20% straight line
Plant and machinery
20% reducing balance
Computer equipment
20% straight line
Motor vehicles
25% reducing balance

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.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

1.6
Stocks

Stock is valued at the lower of cost and net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Other financial assets

The company has no assets that are classified as other financial assets in these financial statements.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors 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 receipts 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. A m ounts 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.

Other financial liabilities

The company has no liabilities that are classified as other financial liabilities.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

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

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
8
3
Tangible fixed assets
Leasehold land
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
14,513
425,518
1,235
133,182
574,448
Additions
-
0
6,581
-
0
-
0
6,581
At 31 March 2025
14,513
432,099
1,235
133,182
581,029
Depreciation and impairment
At 1 April 2024
14,513
160,339
643
82,893
258,388
Depreciation charged in the year
-
0
53,636
247
12,572
66,455
At 31 March 2025
14,513
213,975
890
95,465
324,843
Carrying amount
At 31 March 2025
-
0
218,124
345
37,717
256,186
At 31 March 2024
-
0
265,179
592
50,289
316,060
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
50
-
0
ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 April 2024
-
Additions
50
At 31 March 2025
50
Carrying amount
At 31 March 2025
50
At 31 March 2024
-
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
354
1,197
Other debtors
158,616
12,206
Prepayments and accrued income
969
1,054
159,939
14,457
6
Current asset investments
2025
2024
£
£
Other investments
3,100
3,100
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Obligations under finance leases
44,204
48,373
Other borrowings
10,000
10,000
Corporation tax
109,404
26,979
Other taxation and social security
57,951
66,051
Other creditors
20,541
182,647
Accruals and deferred income
3,663
3,296
255,763
347,346
ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Creditors: amounts falling due within one year
(Continued)
- 9 -

Hire purchase obligations of £44,204 (2024: £48,373) shown as falling due within one year are secured on the assets of the company.

The bank loan and overdraft have both fixed and floating charges.

8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
1,921
11,921
Obligations under finance leases
70,459
114,532
72,380
126,453

Hire purchase obligations of £70,459 (2024: £114,532) shown as falling due after more than one year are secured on the assets of the company.

The bank loan and overdraft have both fixed and floating charges.

9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
297 A Ordinary of 1p each
2.97
2.97
297 B Ordinary of 1p each
2.97
2.97
297 C Ordinary of 1p each
2.97
2.97
3 D Ordinary of 1p each
0.03
0.03
3 E Ordinary of 1p each
0.03
0.03
3 F Ordinary of 1p each
0.03
0.03
9
9

Each class of share rank pari passu in all respects save that the directors may at any time resolve to declare a dividend on one class of share and not another class and that the D, E and F shares hold no voting rights.

ENVIRO METALS LANCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
-
0
4,950
11
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
20,963
74,767

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
148,366
-
12
Directors' transactions

The loan to the director is unsecured and repayable upon demand of the directors.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Director's loan
-
2,215
7,443
(8,907)
751
2,215
7,443
(8,907)
751
2025-03-31 2024-04-01 false false false 23 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr J R Hill Mr J M Hill Mr J R Hill 08140650 2024-04-01 2025-03-31 08140650 2025-03-31 08140650 2024-03-31 08140650 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 08140650 core:PlantMachinery 2025-03-31 08140650 core:ComputerEquipment 2025-03-31 08140650 core:MotorVehicles 2025-03-31 08140650 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-03-31 08140650 core:PlantMachinery 2024-03-31 08140650 core:ComputerEquipment 2024-03-31 08140650 core:MotorVehicles 2024-03-31 08140650 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08140650 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08140650 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 08140650 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08140650 core:CurrentFinancialInstruments 2025-03-31 08140650 core:CurrentFinancialInstruments 2024-03-31 08140650 core:Non-currentFinancialInstruments 2025-03-31 08140650 core:Non-currentFinancialInstruments 2024-03-31 08140650 core:ShareCapital 2025-03-31 08140650 core:ShareCapital 2024-03-31 08140650 core:RetainedEarningsAccumulatedLosses 2025-03-31 08140650 core:RetainedEarningsAccumulatedLosses 2024-03-31 08140650 core:ShareCapitalOrdinaryShares 2025-03-31 08140650 core:ShareCapitalOrdinaryShares 2024-03-31 08140650 bus:Director3 2024-04-01 2025-03-31 08140650 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 08140650 core:PlantMachinery 2024-04-01 2025-03-31 08140650 core:ComputerEquipment 2024-04-01 2025-03-31 08140650 core:MotorVehicles 2024-04-01 2025-03-31 08140650 2023-04-01 2024-03-31 08140650 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-03-31 08140650 core:PlantMachinery 2024-03-31 08140650 core:ComputerEquipment 2024-03-31 08140650 core:MotorVehicles 2024-03-31 08140650 2024-03-31 08140650 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 08140650 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08140650 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08140650 bus:FRS102 2024-04-01 2025-03-31 08140650 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08140650 bus:Director1 2024-04-01 2025-03-31 08140650 bus:Director2 2024-04-01 2025-03-31 08140650 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP