Enviropax Limited - Accounts to registrar (filleted) - small 18.2
Enviropax Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2020 TO 30 SEPTEMBER 2020 |
| FOR |
| ENVIROPAX LIMITED |
| ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2020 TO 30 SEPTEMBER 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ENVIROPAX LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JANUARY 2020 TO 30 SEPTEMBER 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903) |
| BALANCE SHEET |
| 30 SEPTEMBER 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2020 TO 30 SEPTEMBER 2020 |
| 1. | STATUTORY INFORMATION |
| Enviropax Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| CHANGES IN ACCOUNTING PERIOD |
| The accounting period has been shortened from 31 December 2020 to 30 September 2020. As a result, the financial statements cover a 9 month period from 1 January 2020 to 30 September 2020 and therefore the comparatives are not entirely comparable. |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| Tooling | - |
| Computer equipment | - |
| STOCKS |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| FINANCIAL INSTRUMENTS |
| The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, invoice factoring creditor and directors' loans. |
| Trade debtors, trade creditors, Invoice factoring creditor and directors' loans (being repayable on demand), are measured at the undiscounted amount of the cash or consideration expected to be paid or received. |
| TAXATION |
| Taxation for the period 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. |
| ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2020 TO 30 SEPTEMBER 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| 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 |
| As at 30 September 2020 the company and had net liabilities of £1,510,862 The company is dependent, in the absence of other funding, on the continued financial support of its director. The director has confirmed their commitment to provide the necessary support. |
| On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the director were not to provide further support. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | Tooling | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2020 |
| Additions |
| At 30 September 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for period |
| At 30 September 2020 |
| NET BOOK VALUE |
| At 30 September 2020 |
| At 31 December 2019 |
| ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2020 TO 30 SEPTEMBER 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Corporation tax |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 4,660 | 34,558 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2020 | ( |
) |
| Deficit for the period | ( |
) |
| At 30 September 2020 | ( |
) |
| ENVIROPAX LIMITED (REGISTERED NUMBER: 07229903) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2020 TO 30 SEPTEMBER 2020 |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following interest free advances and credits to a director subsisted during the period ended 30 September 2020 and the year ended 31 December 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period | ( |
) | ( |
) |