REGISTERED NUMBER: 13980793 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NRS ENVIRONMENTAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M C Ketcher

K D Montgomery

J C Mockett

D Forder

SECRETARY:

Ms L J Shirley

REGISTERED OFFICE:

NRS House

Site 7, Meriden Park

Cornets End Lane

Meriden

CV7 7LG

REGISTERED NUMBER:

13980793 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

45,351

61,357

CURRENT ASSETS

Stocks

6

99,970

72,778

Debtors

7

1,688,799

1,435,776

Cash at bank

5,240,247

2,627,172

7,029,016

4,135,726

CREDITORS

Amounts falling due within one year

8

1,441,721

1,717,249

NET CURRENT ASSETS

5,587,295

2,418,477

TOTAL ASSETS LESS CURRENT LIABILITIES

5,632,646

2,479,834

PROVISIONS FOR LIABILITIES

11,338

15,339

NET ASSETS

5,621,308

2,464,495

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

5,621,208

2,464,395

SHAREHOLDERS' FUNDS

5,621,308

2,464,495

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

M C Ketcher - Director

1.	STATUTORY INFORMATION

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

The principal place of business is Meriden Park, Cornets End Lane, Meriden CV7 7LG.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Turnover

Turnover represents net invoiced sales of goods excluding value added tax. Turnover is recognised when goods have been despatched or made available for collection by the customer.

Tangible fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles

- 25% on cost

Stocks

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

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including cash at bank, trade debtors and amounts owed by related parties, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and amounts owed to related parties, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

64,025

DEPRECIATION

At 1 April 2024

2,668

Charge for year

16,006

At 31 March 2025

18,674

NET BOOK VALUE

At 31 March 2025

45,351

At 31 March 2024

61,357

6.

STOCKS

31.3.25

31.3.24

£

£

Aggregate material

99,970

72,778

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,636,055

1,408,569

Amounts owed by group undertakings

4,590

-

Amounts owed by related partie

1,662

-

Prepayments and accrued income

46,492

27,207

1,688,799

1,435,776

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

255,334

100,700

Amounts owed to group undertakings

434,875

1,031,366

Corporation tax

113,324

-

VAT

229,308

335,769

Amounts owed to related parties

12,500

12,500

Accrued expenses

396,380

236,914

1,441,721

1,717,249

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

ordinary

£1

100

100

Ordinary shares are entitled to full voting rights and dividends.

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

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

11.	RELATED PARTY DISCLOSURES

12.	POST BALANCE SHEET EVENTS

On 17 April 2025 an interim dividend in respect of the year ended 31 March 2026 of £2,000 per share was declared.

13.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is LAF Holdings Limited, by way of its majority shareholding in the parent

company. No one person has ultimate control.