Windrush Ecology Limited - Filleted accounts

WINDRUSH ECOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2020

Company Registration Number: 07068178

WINDRUSH ECOLOGY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
CONTENTS									PAGES
Company information									1
Balance sheet									2 to 3
Notes to the financial statements									4 to 8

WINDRUSH ECOLOGY LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020
DIRECTOR
E J Bodsworth
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
4 Witan Way
Witney
Oxon
OX28 6FF
COMPANY REGISTRATION NUMBER
07068178 England and Wales

WINDRUSH ECOLOGY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2020
			Notes		2020				2019
					£				£
FIXED ASSETS
Tangible assets			5				29,641				27,351
CURRENT ASSETS
Debtors			6		89,490				90,924
Cash at bank and in hand					288,732				310,798
					378,222				401,722
CREDITORS: Amounts falling due within one year			7		33,073				60,257
NET CURRENT ASSETS							345,149				341,465
TOTAL ASSETS LESS CURRENT LIABILITIES							374,790				368,816
Provisions for liabilities and charges							3,898				3,374
NET ASSETS							370,892				365,442
CAPITAL AND RESERVES
Called up share capital							1				1
Distributable profit and loss account							370,891				365,441
SHAREHOLDER'S FUNDS							370,892				365,442

WINDRUSH ECOLOGY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2020
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Director's Report.
Signed on behalf of the board
E J Bodsworth
Director
Date approved by the board: 26 November 2020

WINDRUSH ECOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
1	GENERAL INFORMATION
	Windrush Ecology Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:
	Registered office				Principal place of business
	4 Witan Way				Howberry Park
	Witney				Benson Lane
	Oxon				Wallingford
	OX28 6FF				Oxon
					OX10 8BA
	The financial statements are presented in Sterling, which is the functional currency of the company.
2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of preparation of financial statements
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of ecological surveying services provided as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
	Plant and machinery					Straight line basis at 25% per annum
	Computer equipment					Straight line basis at 33% per annum
	Vehicles					Reducing balance basis at 25% per annum
	Tenants improvements					Straight line basis at 4% per annum
	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

WINDRUSH ECOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
	Financial Instruments
	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors
	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

WINDRUSH ECOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
	Leases
	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.
	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.
	Taxation
	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.
	Pensions
	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.
3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

WINDRUSH ECOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

4	EMPLOYEES
	The average number of persons employed by the company (including directors) during the year was:
									2020		2019
	Average number of employees								4		4
5	TANGIBLE ASSETS
			Plant and machinery		Computer equipment		Vehicles	Tenants improvements			Total
			£		£		£		£		£
	Cost
	At 1 April 2019		8,978		8,479		25,725		11,184		54,366
	Additions		2,958		5,989		-		-		8,947
	At 31 March 2020		11,936		14,468		25,725		11,184		63,313
	Accumulated depreciation
	At 1 April 2019		7,684		6,067		13,014		250		27,015
	Charge for year		932		2,100		3,178		447		6,657
	At 31 March 2020		8,616		8,167		16,192		697		33,672
	Net book value
	At 1 April 2019		1,294		2,412		12,711		10,934		27,351
	At 31 March 2020		3,320		6,301		9,533		10,487		29,641
6	DEBTORS
									2020		2019
									£		£
	Trade debtors								38,617		53,046
	Prepayments and accrued income								392		396
	Amounts recoverable on contracts								20,275		12,750
	Other debtors								30,206		24,732
									89,490		90,924

WINDRUSH ECOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
7	CREDITORS: Amounts falling due within one year
									2020		2019
									£		£
	Trade creditors								2,971		1,705
	Taxation and social security								24,998		51,921
	Accruals and deferred income								5,104		3,715
	Other creditors								-		2,916
									33,073		60,257
8	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
	The following director's advances, credits and guarantees took place during the year:
					Balance at 1 April 2019		Amounts advanced		Amounts repaid		Balance at 31 March 2020
					£		£		£		£
	E J Bodsworth				24,492		52,609		46,895		30,206

Interest has been charged on this advance at the beneficial loan arrangement official rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.