REGISTERED NUMBER: 07229903 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ENVIROPAX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Malcolm

REGISTERED OFFICE:

Unit 1, Guest House Farm

Runshaw Lane

Euxton

Chorley

Lancashire

PR7 6HD

REGISTERED NUMBER:

07229903 (England and Wales)

ACCOUNTANTS:

RfM Preston Ltd

Chartered Accountants

Unit 1, Guest House Farm

Runshaw Lane

Euxton

Chorley

Lancashire

PR7 6HD

FIXED ASSETS

Intangible assets

4

413,713

281,594

Tangible assets

5

2,948,359

2,415,515

3,362,072

2,697,109

CURRENT ASSETS

Stocks

426,413

570,676

Debtors

6

1,957,351

1,696,283

Cash at bank

16,114

4,120

2,399,878

2,271,079

CREDITORS

Amounts falling due within one year

7

4,270,622

3,770,805

NET CURRENT LIABILITIES

(1,870,744

)

(1,499,726

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,491,328

1,197,383

CREDITORS

Amounts falling due after more than one year

8

2,947,015

2,596,644

NET LIABILITIES

(1,455,687

)

(1,399,261

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,455,688

)

(1,399,262

)

SHAREHOLDERS' FUNDS

(1,455,687

)

(1,399,261

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

P Malcolm - Director

1.	STATUTORY INFORMATION

Enviropax 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.

TURNOVER

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

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.

Computer software development costs are being amortised evenly over their estimated useful life of 10 years.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

6.67% on cost

Tooling

-

6.67% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

10% 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.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, 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.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

FINANCIAL INSTRUMENTS

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, invoice factoring creditor and directors' loans.

Trade debtors, trade creditors, Invoice factoring creditor and directors' loans (being repayable on demand), are measured at the undiscounted amount of the cash or consideration expected to be paid or received.

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.

GOING CONCERN

As at 31 December 2024 the company and had net liabilities of £1,455,687 The company is dependent, in the absence of other funding, on the continued financial support of its director. The director has confirmed their commitment to provide the necessary support.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the director were not to provide further support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

281,594

Additions

160,279

At 31 December 2024

441,873

AMORTISATION

Charge for year

28,160

At 31 December 2024

28,160

NET BOOK VALUE

At 31 December 2024

413,713

At 31 December 2023

281,594

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Tooling

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

2,096,319

2,596,159

87,389

119,454

4,899,321

Additions

707,845

142,720

-

2,375

852,940

Disposals

(307,791

)

(646,925

)

-

(31,590

)

(986,306

)

At 31 December 2024

2,496,373

2,091,954

87,389

90,239

4,765,955

DEPRECIATION

At 1 January 2024

930,130

1,462,624

31,951

59,101

2,483,806

Charge for year

156,839

136,605

17,478

8,979

319,901

Eliminated on disposal

(307,800

)

(647,017

)

-

(31,294

)

(986,111

)

At 31 December 2024

779,169

952,212

49,429

36,786

1,817,596

NET BOOK VALUE

At 31 December 2024

1,717,204

1,139,742

37,960

53,453

2,948,359

At 31 December 2023

1,166,189

1,133,535

55,438

60,353

2,415,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,378,587

963,619

Other debtors

429,819

511,192

Directors' current accounts

34,134

-

Corporation tax

-

86,035

Prepayments and accrued income

114,811

135,437

1,957,351

1,696,283

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

268,193

163,081

Trade creditors

2,237,574

2,161,179

Taxation and social security

315,217

364,523

Other creditors

1,439,638

1,072,022

4,270,622

3,770,805

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

14,167

Hire purchase contracts

1,094,769

744,393

Trade creditors

174,041

174,041

Other creditors

1,674,038

1,664,043

2,947,015

2,596,644

9.	SECURED DEBTS

The hire purchase obligations are secure upon the assets to which the finance relates.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director owed the company £34,134 (2023: Nil) Interest has been charged on the loan & is repayable on demand.