1.
General Information
Engels Handling & Environment Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13458140
. The registered office is 2nd Floor, 55 Ludgate Hill, London, EC4M 7JW.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Exemption from preparing consolidated financial statements
The Company is a parent company that is also a subsiduary included in the Consolidated Financial statements of its immediate parent adn is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
The Company's subsidiary accounts are included in the ultimate parent company Group accounts.
2.2.
Going Concern Disclosure
The director considers the going concern basis to be appropriate having paid due regard to the Company's projected results during the twelve months from the date the financial statements are approved and the anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during that period.
The Company's immediate parent undertaking has confirmed its intention and ability to provide financial support as may be necessary to enable the Company to operate as a going concern and to meet all of its obligations in full for at least twelve months from the date of approval of these financial statements.
The group is planning to further increase its presence in the UK market.
The group will continue to provide all the managerial and financial support required to achieve this for the next years, as they strongly believe the UK will be a valuable market for the group.
Having regard to the above, the director believes it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.
2.3.
Significant judgements and estimations
The preparation of Financial Statements in conformity with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, requires the use of certain critical accounting estimates. It also requires the Directors of the Company to exercise their judgement in the process of applying the accounting policies which are detailed above.
These judgements are continually evaluated by the Directors and management and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
We confirm that the key estimates and underlying assumptions concerning the future and other key sources of estimation uncertainty at the statement of financial position date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are reviewed on an ongoing basis.
The key accounting policy and key source of estimation uncertainty relate to the carrying value of Fixed Asset Investments.
Engels Handling & Environment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.4.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6.
Taxation
Tax ls recognised in the Statement of income and retained earnings.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
2.7.
Impairment of investments
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.
2.8.
Valuation of subsidiary
Investments in subsidiaries are measured at cost less accumulated impairment.
An estimate of any further amounts payable (reflecting the time value of money, if material) is made at the outset, and the amount is recognized If the additional outflow is probable and can be measured reliably. Deferred consideration is discounted to present value where the effects of discounting are material. The rate at which deferred consideration is discounted is the rate which the acquirer would obtain for a similar borrowing. The unwinding of any discounting shall be recognized as a finance cost in profit or loss in the period it arises.
2.9.
Auditors remuneration
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2025
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2024
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£
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£
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Auditors remuneration
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4,250
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7,700
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3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
Engels Handling & Environment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors | - |
|
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| Other debtors | 21,286 | 16,042 | |
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5.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | - |
|
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| Amounts owed to group undertakings |
|
|
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| Other creditors | 1,900 | 1,900 | |
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7.
Post Balance Sheet Events
The company has transferred it's trade to it's 100% subidiary. Post year end a decision was taken for this company to be made dormant by transfering all balance sheet balances to either its subsidiary or it's holding company.
8.
Related Party Transactions
At the balance sheet date , Engels Goup NV, the parent company was owed £1,744,920 (2024: £1,609,093) by the company and included in amounts owed to parent company within creditor.
The company has taken advantage of the exemptions under Section 33 FRS 102, the Financial Reporting Standard applicable in the United Kingdom and Ireland 'Related party disclosures', not to provide disclosures of transactions entered into with wholly owned members of the group.
9.
Ultimate Controlling Party
The company's ultimate controlling party is
Engels Group NV
, a company registered in the Netherlands. The consolidated financial statements are publicly available from Park Forum 1139, 5657 HK Eindhoven
10.
Audit Information
The auditor's report on the accounts of
Engels Handling & Environment Ltd
for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by
Paul Cridland
(Senior Statutory Auditor)
for and on behalf of
Charlton Baker Bristol Limited
, Statutory Auditor.
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61 Macrae Road
Ham Green
Bristol
BS20 0DD
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