Amiantus Environmental Consultants Limited - Filleted accounts

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2022

Company Registration Number: 05648898

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
CONTENTS									PAGES
Company information									1
Balance sheet									2 to 3
Notes to the financial statements									4 to 9

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022
DIRECTOR
W Godfrey
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
4 Witan Way
Witney
Oxon
OX28 6FF
COMPANY REGISTRATION NUMBER
05648898 England and Wales

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
BALANCE SHEET
AS AT 30 APRIL 2022
			Notes		2022				2021
										As restated
					£				£
FIXED ASSETS
Tangible assets			6				6,999				11,356
CURRENT ASSETS
Debtors			7		368,964				325,680
Cash at bank and in hand					91,191				71,328
					460,155				397,008
CREDITORS: Amounts falling due within one year			8		93,041				90,167
NET CURRENT ASSETS							367,114				306,841
TOTAL ASSETS LESS CURRENT LIABILITIES							374,113				318,197
CREDITORS: Amounts falling due after more than one year			9				31,667				41,667
Provisions for liabilities and charges							-				742
NET ASSETS							342,446				275,788
CAPITAL AND RESERVES
Called up share capital							4				4
Distributable profit and loss account							342,442				275,784
SHAREHOLDER'S FUNDS							342,446				275,788

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
BALANCE SHEET
AS AT 30 APRIL 2022
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 30 April 2022 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 Directors Report.
Signed on behalf of the board
W Godfrey
Director
Date approved by the board: 19 December 2022

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
1	GENERAL INFORMATION
	Amiantus Environmental Consultants 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				Unit 3
	Witney				Sycamore Court
	Oxon				North Leigh Business Park
	OX28 6FF				North Leigh
					Oxon
					OX29 6SW
	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.
	Going concern
	The directors considered that there are no material uncertainties about the Company's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the company.
	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of asbestos sampling and testing services 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.

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
	Grant Income
	Grant income has been recognised under the accrual model, where income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
	Tangible fixed assets

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

	Depreciation has been provided at the following rate 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
	Motor vehicles					Straight line basis at 25% per annum
	Computer equipment					Straight line basis at 33% 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.
	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.

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
	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.
	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.

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
	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.

4	RESTATEMENT OF COMPARATIVES
	The comparatives have been restated as dividends in respect of an earlier year were understated.
5	EMPLOYEES
	The average number of persons employed by the company (including the director) during the year was:
									2022		2021
	Average number of employees								5		6

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
6	TANGIBLE ASSETS
					Plant and machinery		Motor vehicles		Computer equipment		Total
					£		£		£		£
	Cost
	At 1 May 2021				6,997		20,124		26,740		53,861
	Additions				580		-		482		1,062
	At 30 April 2022				7,577		20,124		27,222		54,923
	Accumulated depreciation and impairments
	At 1 May 2021				6,336		10,964		25,205		42,505
	Charge for year				462		4,000		957		5,419
	At 30 April 2022				6,798		14,964		26,162		47,924
	Net book value
	At 1 May 2021				661		9,160		1,535		11,356
	At 30 April 2022				779		5,160		1,060		6,999
	The company had agreed a charge over the company's assets, as security for the amounts owed to a factoring company.
7	DEBTORS
									2022		2021
											As restated
									£		£
	Trade debtors								60,010		50,043
	Prepayments and accrued income								1,002		1,002
	Other debtors								307,952		274,635
									368,964		325,680

AMIANTUS ENVIRONMENTAL CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
8	CREDITORS: Amounts falling due within one year
									2022		2021
											As restated
									£		£
	Bank loans and overdrafts								10,000		8,333
	Trade creditors								10,044		14,530
	Taxation and social security								65,353		60,698
	Accruals and deferred income								3,453		3,452
	Other creditors								4,191		3,154
									93,041		90,167
9	CREDITORS: Amounts falling due after more than one year
									2022		2021
									£		£
	Bank loans and overdrafts								31,667		41,667
	Included in the amounts falling due after more than one year are the following amounts which are due in more
	than five years:
									2022		2021
									£		£
	Bank loans and overdrafts								-		1,667