Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 true true 2025-01-01 false Recycling facility 18 19 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07881267 2025-01-01 2025-12-31 07881267 2023-12-29 2024-12-31 07881267 2025-12-31 07881267 2024-12-31 07881267 2023-12-29 07881267 c:Director1 2025-01-01 2025-12-31 07881267 d:Buildings 2025-01-01 2025-12-31 07881267 d:Buildings 2025-12-31 07881267 d:Buildings 2024-12-31 07881267 d:Buildings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 07881267 d:Buildings d:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 07881267 d:Buildings d:ShortLeaseholdAssets 2025-01-01 2025-12-31 07881267 d:Buildings d:ShortLeaseholdAssets 2025-12-31 07881267 d:Buildings d:ShortLeaseholdAssets 2024-12-31 07881267 d:PlantMachinery 2025-01-01 2025-12-31 07881267 d:MotorVehicles 2025-01-01 2025-12-31 07881267 d:FurnitureFittings 2025-01-01 2025-12-31 07881267 d:OfficeEquipment 2025-01-01 2025-12-31 07881267 d:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 07881267 d:OtherPropertyPlantEquipment 2025-12-31 07881267 d:OtherPropertyPlantEquipment 2024-12-31 07881267 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 07881267 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 07881267 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 07881267 d:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 07881267 d:Goodwill 2025-12-31 07881267 d:Goodwill 2024-12-31 07881267 d:CurrentFinancialInstruments 2025-12-31 07881267 d:CurrentFinancialInstruments 2024-12-31 07881267 d:Non-currentFinancialInstruments 2025-12-31 07881267 d:Non-currentFinancialInstruments 2024-12-31 07881267 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 07881267 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07881267 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 07881267 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07881267 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-12-31 07881267 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 07881267 d:ShareCapital 2025-12-31 07881267 d:ShareCapital 2024-12-31 07881267 d:RetainedEarningsAccumulatedLosses 2025-12-31 07881267 d:RetainedEarningsAccumulatedLosses 2024-12-31 07881267 c:OrdinaryShareClass1 2025-01-01 2025-12-31 07881267 c:OrdinaryShareClass1 2025-12-31 07881267 c:OrdinaryShareClass1 2024-12-31 07881267 c:FRS102 2025-01-01 2025-12-31 07881267 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 07881267 c:FullAccounts 2025-01-01 2025-12-31 07881267 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07881267 d:WithinOneYear 2025-12-31 07881267 d:WithinOneYear 2024-12-31 07881267 d:BetweenOneFiveYears 2025-12-31 07881267 d:BetweenOneFiveYears 2024-12-31 07881267 d:HirePurchaseContracts d:WithinOneYear 2025-12-31 07881267 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 07881267 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-12-31 07881267 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 07881267 2 2025-01-01 2025-12-31 07881267 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 07881267 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 07881267 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-12-31 07881267 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 07881267 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07881267 PULSE ENVIRONMENTAL LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
PULSE ENVIRONMENTAL LIMITED REGISTERED NUMBER: 07881267 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 728,847 |  | 909,712
Current assets |  |  |  |  |
Stocks | 6 | 93,147 |  | 76,091 |
Debtors: amounts falling due within one year | 7 | 2,697,391 |  | 2,351,783 |
Cash at bank and in hand | 8 | 124,372 |  | 333,369 |
|  | 2,914,910 |  | 2,761,243 |
Creditors: amounts falling due within one year | 9 | (1,866,456) |  | (1,991,114) |
Net current assets |  |  | 1,048,454 |  | 770,129
Total assets less current liabilities |  |  | 1,777,301 |  | 1,679,841
Creditors: amounts falling due after more than one year | 10 |  | (97,089) |  | (172,629)
Provisions for liabilities |  |  |  |  |
Deferred tax | 13 |  | (164,071) |  | (198,390)
Net assets |  |  | 1,516,141 |  | 1,308,822
Capital and reserves |  |  |  |  |
Called up share capital | 14 |  | 684,100 |  | 684,100
Profit and loss account |  |  | 832,041 |  | 624,722
|  |  | 1,516,141 |  | 1,308,822
Page 1
PULSE ENVIRONMENTAL LIMITED REGISTERED NUMBER: 07881267 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
K Colbert
Director
Date: 20 July 2026
The notes on pages 3 to 13 form part of these financial statements. Page 2
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Pulse Environmental Limited ("the Company") operates as a recycling facility. The company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 11a South Crescent, Cody Road, Canning Town, London E16 4TL. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The accounts have been prepared on a going concern basis.
| 2.3 | Revenue recognition
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services In respect of operating leases for the hire of equipment, revenue is recognised in the Statement of income and retained earnings on a straight line basis over the period of the lease. Revenue from waste management services is recognised on a straight line basis over the term of the contract. Page 3
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of income and retained earnings over its useful economic life.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis. Depreciation is provided on the following annual bases:
|  |  |  | Land and buildings leasehold | - | over lease term
|  |  |  | Plant and machinery | - | 15% reducing balance
|  |  |  | Motor vehicles | - | 20% reducing balance / 20% straight line
|  |  |  | Fixtures, fittings and equipment | - | 15% reducing balance
|  |  |  | Office equipment | - | 15% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.
| 2.6 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in Statement of income and retained earnings.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.8 | Debtors
Short term debtors are measured at transaction price, less any impairment. Page 4
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Creditors
Short term creditors are measured at the transaction price.
| 2.10 | Finance costs
Finance costs are charged to the statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
| 2.11 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.12 | Operating leases: the Company as lessor
Rental income from operating leases is credited to the Statement of income and retained earnings on a straight line basis over the term of the relevant lease.
| 2.13 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to Statement of income and retained earnings on a straight-line basis over the lease term.
| 2.14 | Leased assets: the Company as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to Statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Page 5
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.15 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.16 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to the Statement of income and retained earnings.
| 2.17 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 6
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.18 | Interest income
Interest income is recognised in Statement of income and retained earnings using the effective interest method.
| 2.19 | Borrowing costs
All borrowing costs are recognised in Statement of income and retained earnings in the year in which they are incurred.
3. | Employees
| The average monthly number of employees, including directors, during the year was 18 (2024 - 19).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 January 2025 | 53,731
| At 31 December 2025 | 53,731
| Amortisation |
| At 1 January 2025 | 53,731
| At 31 December 2025 | 53,731
| Net book value |
| At 31 December 2025 | -
| At 31 December 2024 | -
Page 7
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Land and buildings | Other fixed assets | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 22,201 | 3,277,691 | 3,299,892
| Additions | - | 38,890 | 38,890
| Disposals | - | (42,000) | (42,000)
| At 31 December 2025 | 22,201 | 3,274,581 | 3,296,782
| Depreciation |  |  |
| At 1 January 2025 | 4,440 | 2,385,740 | 2,390,180
| Charge for the year on owned assets | 4,440 | 123,440 | 127,880
| Charge for the year on financed assets | - | 68,075 | 68,075
| Disposals | - | (18,200) | (18,200)
| At 31 December 2025 | 8,880 | 2,559,055 | 2,567,935
| Net book value |  |  |
| At 31 December 2025 | 13,321 | 715,526 | 728,847
| At 31 December 2024 | 17,761 | 891,951 | 909,712
Page 8
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 5.Tangible fixed assets (continued)
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Short leasehold | 13,321 | 17,761
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other fixed assets | 198,707 | 362,151
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 93,147 | 76,091
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 454,675 | 347,037
| Amounts owed by group undertakings | 2,000,000 | 1,750,000
| Other debtors | 108,250 | 108,250
| Prepayments and accrued income | 134,466 | 146,496
|  | 2,697,391 | 2,351,783
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 124,372 | 333,369
Page 9
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 51,346 | -
| Trade creditors | 446,381 | 354,380
| Corporation tax | 115,047 | 60,752
| Other taxation and social security | 67,715 | 63,933
| Obligations under finance lease and hire purchase contracts | 80,638 | 130,738
| Other creditors | 12,129 | 8,897
| Accruals and deferred income | 1,093,200 | 1,372,414
|  | 1,866,456 | 1,991,114
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 9,057 | -
| Net obligations under finance leases and hire purchase contracts | 88,032 | 172,629
|  | 97,089 | 172,629
| Secured loans Obligations under hire purchase contracts of £168,670 (2024 - £303,367) are secured on the assets to which they relate. Bank loans due within and after one year are secured by way of a debenture over all assets of the Company.
Page 10
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 51,346 | -
| Amounts falling due 1-2 years |  |
| Bank loans | 9,057 | -
|  | 60,403 | -
12. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 84,592 | 130,738
| Between 1-5 years | 88,032 | 172,629
|  | 172,624 | 303,367
Page 11
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 198,390 | 186,659
| Charged to profit or loss | (34,319) | 11,731
| At end of year | 164,071 | 198,390
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 164,071 | 198,390
14. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 684,100 (2024 - 684,100) Ordinary shares of £1.00 each | 684,100 | 684,100
15. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,855 (2024 - £6,675). Contributions totalling £4,576 (2024 - £3,390) were payable to the fund at the balance sheet date and are included in creditors.
16. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 425,000 | 368,750
| Later than 1 year and not later than 5 years | 956,250 | 1,381,250
|  | 1,381,250 | 1,750,000
Page 12
PULSE ENVIRONMENTAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
17. | Controlling party
The Company is controlled by KM Colbert by virtue of his direct and indirect holding of 100% of the issued share capital in the Company.
Page 13