Envirocare Grounds Maintenance (Preston) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07079980 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2018

for

Envirocare Grounds Maintenance (Preston)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Yates

Mr P Harrington

SECRETARY:

Mr P Harrington

REGISTERED OFFICE:

New Inn Farm

Dawson Lane

Leyland

Lancashire

PR25 5DB

REGISTERED NUMBER:

07079980 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

69,803

99,132

CURRENT ASSETS

Stocks

18,750

19,550

Debtors

5

287,546

513,536

Cash at bank

5,983

4,449

312,279

537,535

CREDITORS

Amounts falling due within one year

6

618,341

749,226

NET CURRENT LIABILITIES

(306,062

)

(211,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(236,259

)

(112,559

)

PROVISIONS FOR LIABILITIES

-

2,106

NET LIABILITIES

(236,259

)

(114,665

)

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

(236,409

)

(114,815

)

SHAREHOLDERS' FUNDS

(236,259

)

(114,665

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8th April 2019 and were signed on its behalf by:

Mr D Yates - Director

1.	STATUTORY INFORMATION

Envirocare Grounds Maintenance (Preston) 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 represents net invoiced services provided, excluding value added tax.

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 etc

-

25% on cost and 25% on reducing balance

Stocks

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

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance

from the directors that associated companies under their control will continue to give financial support to the

company for the twelve months from the date of signing these financial accounts.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However,

should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing

the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to

their realisable amount and provide for any further liabilities which might arise. The accounts do not include any

adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be

appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2017 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2017

469,935

Additions

11,100

At 30th September 2018

481,035

DEPRECIATION

At 1st October 2017

370,803

Charge for year

40,429

At 30th September 2018

411,232

NET BOOK VALUE

At 30th September 2018

69,803

At 30th September 2017

99,132

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

212,546

425,036

Other debtors

-

13,500

212,546

438,536

2018

2017

£

£

Amounts falling due after more than one year:

Trade debtors

75,000

75,000

Aggregate amounts

287,546

513,536

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

28,595

17,884

Taxation and social security

283,201

206,078

Other creditors

306,545

525,264

618,341

749,226

7.	RELATED PARTY DISCLOSURES

Mr D Yates and Mr P Harrington are both directors of Envirocare Maintenance Solutions Limited, which also

has the same shareholders as the company.

As at 30 September 2018 the company owed £287,270 (2017 - £446,747) in the form of a loan to Envirocare

Maintenance Solutions Limited, and was owed £287,546 (2017 - £495,182) in the form of a trade debtor by

Envirocare Maintenance Solutions Limited. No interest has been charged on these amounts (2017 - nil).

Envirocare Maintenance Solutions Limited acts as guarantor for the company, in respect of a number of finance

leases for vehicles used by the company. Due to this there is no commitment for these leases on the company.

Helmrig Limited is a company 100% controlled by Mr P Harrington. As at 30 September 2018 the company

owed Helmrig Limited £15,000 in the form of a loan (2017 - £75,000). No interest has been charged on this loan

(2017 - nil).

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.