Environmental Macliver Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01928044 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

ENVIRONMENTAL MACLIVER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr KS Macliver

Mrs CMA Macliver

Mr P Macliver

SECRETARY:

Mrs CMA Macliver

REGISTERED OFFICE:

Elm House

Belle Walk

Moseley

Birmingham

B13 9DF

REGISTERED NUMBER:

01928044 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,160

2,635

CURRENT ASSETS

Debtors

5

18,259

34,593

CREDITORS

Amounts falling due within one year

6

15,070

32,375

NET CURRENT ASSETS

3,189

2,218

TOTAL ASSETS LESS CURRENT LIABILITIES

5,349

4,853

PROVISIONS FOR LIABILITIES

410

500

NET ASSETS

4,939

4,353

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,939

3,353

SHAREHOLDERS' FUNDS

4,939

4,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2021 and were signed on its behalf by:

Mr KS Macliver - Director

Mrs CMA Macliver - Director

1.	STATUTORY INFORMATION

Environmental Macliver 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

Going concern

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.

The financial statements have been prepared on a going concern basis. Continuing to trade depends on the continued support of the company's bankers and directors. Should the company be unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities which might arise and to classify fixed assets as current assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

The company supplies products to customers from its manufacturing site, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on placement of the order.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Debtors

Short term trade debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

10,997

8,198

19,195

DEPRECIATION

At 1 April 2020

8,803

7,757

16,560

Charge for year

329

146

475

At 31 March 2021

9,132

7,903

17,035

NET BOOK VALUE

At 31 March 2021

1,865

295

2,160

At 31 March 2020

2,194

441

2,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

18,259

34,593

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

5,019

15,783

Trade creditors

2,998

(2,071

)

Taxation and social security

6,219

1,305

Other creditors

834

17,358

15,070

32,375

7.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank overdrafts

5,019

15,783

8.	RELATED PARTY DISCLOSURES

At the year end there was an amount of £17,876 (2020: £10,887) owed by Automotive Macliver Limited. Mr K Macliver and Mrs C Macliver are both directors and controlling shareholders of that company.

During the year the company received from Automotive Macliver Limited £60,790 (2020: £51,970) in administration charges.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr K Macliver by virtue of his majority shareholding and directorship.