Environmental GB Limited - Period Ending 2015-04-30

Registration number: 03863883

Environmental GB Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

V&A Vigar & Co LLP
Chartered Accountants and Chartered Tax Advisers
C/O Stoneygate House
2 Greenfield Road
Holmfirth
HD9 2JT

Environmental GB Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Environmental GB Limited
(Registration number: 03863883)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					60,225			17,403
Current assets
Stocks					11,988			29,873
Debtors					232,324			141,531
Cash at bank and in hand					34,437			43,360
					278,749			214,764
Creditors: Amounts falling due within one year					(93,563)			(64,084)
Net current assets					185,186			150,680
Total assets less current liabilities					245,411			168,083
Creditors: Amounts falling due after more than one year					-			(39,818)
Provisions for liabilities					(11,814)			(3,093)
Net assets					233,597			125,172
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					233,595			125,170
Shareholders' funds					233,597			125,172

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Environmental GB Limited
(Registration number: 03863883)
Abbreviated Balance Sheet at 30 April 2015
......... continued

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 September 2015 and signed on its behalf by:

.........................................
Mrs G M Naylor
Director

.........................................
Mr T J Naylor
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Environmental GB Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold property improvements	10% straight line basis
Plant and machinery	33% straight line basis
Motor vehicles	25% straight line basis
Office Equipment	25% straight line basis

Stock

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Environmental GB Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		22,936			22,936
Additions		63,315			63,315
Disposals		(13,995)			(13,995)
At 30 April 2015		72,256			72,256
Depreciation
At 1 May 2014		5,533			5,533
Charge for the year		8,539			8,539
Eliminated on disposals		(2,041)			(2,041)
At 30 April 2015		12,031			12,031
Net book value
At 30 April 2015		60,225			60,225
At 30 April 2014		17,403			17,403

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4

Environmental GB Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mr T J & Mrs J M Naylor ( Directors and shareholders )   Included in other debtors are amounts due from the Director which arise because the monies drawn are in excess of the wages, dividends and expenses made on behalf of the company . At the balance sheet date the amount due from/(to) Mr T J & Mrs J M Naylor was £79,298 ( 2014 - (£39,818) ) .

Page 5