Envirometrics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01674821 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

ENVIROMETRICS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S A Bull

REGISTERED OFFICE:

Castle Group Limited

Salter Road

Scarborough Business Park

Scarborough

North Yorkshire

YO11 3UZ

REGISTERED NUMBER:

01674821 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

430

505

Investments

5

6,034

67,692

Investment property

6

301,092

301,092

307,556

369,289

CURRENT ASSETS

Debtors

7

14,199

2,640

Cash at bank

309

2,926

14,508

5,566

CREDITORS

Amounts falling due within one year

8

15,803

24,479

NET CURRENT LIABILITIES

(1,295

)

(18,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

306,261

350,376

CREDITORS

Amounts falling due after more than one year

9

(65,147

)

(70,061

)

PROVISIONS FOR LIABILITIES

(29,130

)

(28,860

)

NET ASSETS

211,984

251,455

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

211,884

251,355

SHAREHOLDERS' FUNDS

211,984

251,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 and authorised for issue by the director on 11 October 2019 and were signed by:

Mr S A Bull - Director

1.	STATUTORY INFORMATION

Envirometrics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Revenue comprises rental income receivable and services supplied net of value added tax. Services are recognised to the

extent that the company has obtained the right to consideration through its performance and is measured at the fair value of

the right to consideration.

Property, plant and equipment

Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and

equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

Plant and machinery

15% on reducing balance

Fixtures and fittings

15% on reducing balance

Computer equipment

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are initially measured at cost. After initial recognition investments in subsidiary

undertakings are measured at cost less any accumulated impairment losses.

Investment property

Investment property is initially measured at fair value. Changes in fair value at the reporting date are recognised in the profit

or loss for the year.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and

liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured,

initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future

payments and subsequently at amortised costs using the effective interest method.

Going concern

The accounts have been prepared on a going concern basis on the strength of confirmation from the parent company and the

director that they will continue to provide financial support by not seeking repayment of loan accounts due until other

creditors have been paid in full.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2018

and 30 June 2019

2,775

17,245

2,546

22,566

DEPRECIATION

At 1 July 2018

2,757

16,758

2,546

22,061

Charge for year

2

73

-

75

At 30 June 2019

2,759

16,831

2,546

22,136

NET BOOK VALUE

At 30 June 2019

16

414

-

430

At 30 June 2018

18

487

-

505

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2018

and 30 June 2019

214,215

PROVISIONS

At 1 July 2018

146,523

Provision for year

61,658

At 30 June 2019

208,181

NET BOOK VALUE

At 30 June 2019

6,034

At 30 June 2018

67,692

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2018

and 30 June 2019

301,092

NET BOOK VALUE

At 30 June 2019

301,092

At 30 June 2018

301,092

Investment property was valued on an open market basis as at 30 June 2019 by the director.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

14,199

2,640

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

8,532

17,918

Taxation and social security

6,297

5,587

Other creditors

974

974

15,803

24,479

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

65,147

70,061

10.

RESERVES

Included within retained earnings is an amount of £206,616 (2018 - £206,886) in relation to the fair value revaluation of the

investment property which is non distributable.

11.	CONTINGENT LIABILITIES

The company has given unlimited guarantees to its bankers by way of fixed and floating charges over all of the company

assets and undertaking in favour a subsidiary. The bank borrowings of the subsidiary at 30 June 2019 were £255,275 (2018 -

£272,425).

12.	RELATED PARTY DISCLOSURES

The director has made an interest free loan to the company. At the year end the amount due to him was £65,147 (2018 -

£70,061). The amount is due after one year.

During the year the Director received no remuneration (2018 - £nil).

The company has received an interest free loan with an entity in which it has a participating interest. The amount owed by

the company at the year end was £5,876 (2018 - £962).