Envacet Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04421289

Envacet Limited

Filleted Unaudited Abridged Financial Statements

30 April 2025

Envacet Limited

Abridged Financial Statements

Year Ended 30 April 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Envacet Limited

Abridged Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed Assets

Intangible assets	5	1,198,060	1,198,345
Tangible assets	6	8,359	37,708
		------------	------------
		1,206,419	1,236,053

Current Assets

Debtors	532,633	487,700
Cash at bank and in hand	11,877	21,819
	---------	---------
	544,510	509,519

Creditors: amounts falling due within one year	2,793,159		1,991,898
	------------		------------
Net Current Liabilities		2,248,649	1,482,379
		------------	------------
Total Assets Less Current Liabilities		( 1,042,230)	( 246,326)

Creditors: amounts falling due after more than one year	773,127	829,238
	------------	------------
Net Liabilities	( 1,815,357)	( 1,075,564)
	------------	------------

Envacet Limited

Abridged Statement of Financial Position (continued)

30 April 2025

	2025		2024
Note	£	£	£

Capital and Reserves

Called up share capital	7	2,001	2,001
Share premium account		249,800	249,800
Profit and loss account		( 2,067,158)	( 1,327,365)
		------------	------------
Shareholders Deficit		( 1,815,357)	( 1,075,564)
		------------	------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mr R P Thornhill

Director

Company registration number: 04421289

Envacet Limited

Notes to the Abridged Financial Statements

Year Ended 30 April 2025

1. General information

Envacet Ltd has developed a process for extracting valuable products from organic waste streams that arise in the modern food processing production chain. The technology separates the waste streams into its three primary parts tallow, water and protein solids. The Envacet process is small, can be placed on site where the waste is produced and will process the waste to the precise standards required to maximise the revenue from the products produced.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Plant & equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 6 ).

5. Intangible assets

	£
Cost
At 1 May 2024 and 30 April 2025	1,199,716
	------------
Amortisation
At 1 May 2024	1,371
Charge for the year	285
	------------
At 30 April 2025	1,656
	------------
Carrying amount
At 30 April 2025	1,198,060
	------------
At 30 April 2024	1,198,345
	------------

6. Tangible assets

	£
Cost
At 1 May 2024	367,874
Additions	170
	---------
At 30 April 2025	368,044
	---------
Depreciation
At 1 May 2024	330,166
Charge for the year	29,519
	---------
At 30 April 2025	359,685
	---------
Carrying amount
At 30 April 2025	8,359
	---------
At 30 April 2024	37,708
	---------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	2,000	2,000	2,000	2,000
Ordinary B shares of £ 1 each	1	1	1	1
	-------	-------	-------	-------
	2,001	2,001	2,001	2,001
	-------	-------	-------	-------