North West Environmental Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09069074 (England and Wales)

Financial Statements for the Year Ended 30 June 2021

for

North West Environmental Services

(Drainage and Groundworks) Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs A J Smith

REGISTERED OFFICE:

Rear Yard, Teal Business Centre

Tanhouse Industrial Estate

Dennis Road

Widnes

Cheshire

WA8 0YQ

REGISTERED NUMBER:

09069074 (England and Wales)

ACCOUNTANTS:

HLP Ltd

Accounting and Tax Solutions

Hillgate Place

77 Middle Hillgate

Stockport

Cheshire

SK1 3EH

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of North West Environmental Services (Drainage and Groundworks) Limited for the

period ended 30 June 2021 which comprises the Profit and Loss Account, the Balance Sheet and the related

notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of North West Environmental Services (Drainage and

Groundworks) Limited, as a body, in accordance with the terms of our engagement. Our work has been

undertaken solely to prepare for your approval the financial statements of North West Environmental Services

(Drainage and Groundworks) Limited and state those matters that we have agreed to state to the Board of

Directors of North West Environmental Services (Drainage and Groundworks) Limited, as a body, and for no

other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the company and the Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that North West Environmental Services (Drainage and Groundworks) Limited has

kept adequate accounting records and to prepare statutory financial statements that give a true and fair view

of the assets, liabilities, financial position of profit or loss of North West Environmental Services (Drainage

and Groundworks) Limited. You consider that North West Environmental Services (Drainage and

Groundworks) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of North West

Environmental Services (Drainage and Groundworks) Limited. For this reason, we have not verified the

accuracy or completeness of the accounting records or information and explanations you have given us and

we do not, therefore, express any opinion on the statutory financial statements.

HLP Ltd

Accounting and Tax Solutions

Hillgate Place

77 Middle Hillgate

Stockport

Cheshire

SK1 3EH

17 March 2022

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

18,354

46,171

18,354

46,171

CURRENT ASSETS

Stocks

2,690

5,255

Debtors

6

219,393

172,979

Cash at bank

100,137

121,706

322,220

299,940

CREDITORS

Amounts falling due within one year

7

76,002

65,084

NET CURRENT ASSETS

246,218

234,856

TOTAL ASSETS LESS CURRENT LIABILITIES

264,572

281,027

CREDITORS

Amounts falling due after more than one year

8

(47,658

)

(74,959

)

PROVISIONS FOR LIABILITIES

(8,772

)

(8,772

)

NET ASSETS

208,142

197,296

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

208,042

197,196

SHAREHOLDERS' FUNDS

208,142

197,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2022 and were signed by:

Mrs A J Smith - Director

1.	STATUTORY INFORMATION

North West Environmental Services (Drainage and Groundworks) 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amount of assets and liabilities that are not readily

apparent from other sources. The estimates and associated assumptions are based on historical

experience and other factors that are considered to be relevant. Actual results may differ from these

estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only

that period, or in the period of the revision and future periods where the revision affects both current

and future periods.

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of

business, net of trade discounts, VAT and other sales related taxes.

Turnover is attributable to the principle activities of the company which is carried out entirely within the

United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and

Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the

company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,

when there is a legally enforceable right to set off the recognised amounts and there is an intention to

settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other receivables and cash and bank balances, are

initially measured at transaction price including transaction costs and are subsequently carried at

amortised cost using the effective interest method unless arrangement constitutes a financing

transaction, where the transaction is measured at the present value of the future receipts discounted at

a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group

companies and preference shares that are classified as debt, are initially recognised at transaction

price unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from the suppliers. Accounts payable are classified as current liabilities if payment

is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are

recognised initially at transaction price and subsequently measured at amortised cost using the

effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account and Retained Earnings, 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 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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those

costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's

services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably

committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2020

and 30 June 2021

10,800

AMORTISATION

At 1 July 2020

and 30 June 2021

10,800

NET BOOK VALUE

At 30 June 2021

-

At 30 June 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2020

39,899

47,731

579

88,209

Additions

3,731

-

-

3,731

Disposals

(22,413

)

(30,766

)

-

(53,179

)

At 30 June 2021

21,217

16,965

579

38,761

DEPRECIATION

At 1 July 2020

14,588

27,322

128

42,038

Charge for year

4,489

4,380

113

8,982

Eliminated on disposal

(13,549

)

(17,064

)

-

(30,613

)

At 30 June 2021

5,528

14,638

241

20,407

NET BOOK VALUE

At 30 June 2021

15,689

2,327

338

18,354

At 30 June 2020

25,311

20,409

451

46,171

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2020

35,611

47,731

83,342

Disposals

(22,413

)

(30,766

)

(53,179

)

At 30 June 2021

13,198

16,965

30,163

DEPRECIATION

At 1 July 2020

13,549

27,322

40,871

Charge for year

3,300

4,380

7,680

Eliminated on disposal

(13,549

)

(17,064

)

(30,613

)

At 30 June 2021

3,300

14,638

17,938

NET BOOK VALUE

At 30 June 2021

9,898

2,327

12,225

At 30 June 2020

22,062

20,409

42,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

80,128

80,166

Amounts owed by associates

77,045

53,920

Other debtors

62,220

38,893

219,393

172,979

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

9,490

380

Hire purchase contracts

3,162

12,192

Trade creditors

17,931

16,507

Taxation and social security

23,637

20,200

Other creditors

21,782

15,805

76,002

65,084

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

40,510

50,000

Hire purchase contracts

7,148

24,959

47,658

74,959

Amounts falling due in more than five years:

Repayable by instalments

Bank Loans

-

10,510

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase contracts

10,310

37,151