Company No: 06470071 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2022		2021
		£		£
Fixed assets
Tangible assets	3	569,719		985,178
		569,719		985,178
Current assets
Stocks		49,686		178,968
Debtors	5	1,985,849		1,902,998
Cash at bank and in hand		2,951,345		19,195
		4,986,880		2,101,161
Creditors: amounts falling due within one year	6	( 1,038,251)		( 1,846,064)
Net current assets		3,948,629		255,097
Total assets less current liabilities		4,518,348		1,240,275
Creditors: amounts falling due after more than one year	7	( 395,340)		( 493,478)
Net assets		4,123,008		746,797
Capital and reserves
Called-up share capital	9	10,000		10,000
Profit and loss account		4,113,008		736,797
Total shareholder's funds		4,123,008		746,797

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Environ Consultants Limited (registered number: 06470071) were approved and authorised for issue by the Director on 20 September 2023. They were signed on its behalf by:

S A Rowbottom Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Environ Consultants Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4, Watford Bridge Industrial Estate Watford Bridge Road, New Mills, High Peak, SK22 4HJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery	10 years straight line
Vehicles	4 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		20

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2022	1,075,498		706,226		36,369		21,036		1,839,129
Additions	30,194		25,750		0		3,117		59,061
Disposals	( 306,271)		( 340,276)		0		0		( 646,547)
At 31 December 2022	799,421		391,700		36,369		24,153		1,251,643
Accumulated depreciation
At 01 January 2022	585,186		220,031		35,817		12,917		853,951
Charge for the financial year	111,292		122,481		299		2,098		236,170
Disposals	( 243,082)		( 165,115)		0		0		( 408,197)
At 31 December 2022	453,396		177,397		36,116		15,015		681,924
Net book value
At 31 December 2022	346,025		214,303		253		9,138		569,719
At 31 December 2021	490,312		486,195		552		8,119		985,178

4. Fixed asset investments

Investments in subsidiaries

	2022
	£
Cost
At 01 January 2022	0
Additions	37,918
Disposals	( 37,918)
At 31 December 2022	0
Carrying value at 31 December 2022	0
Carrying value at 31 December 2021	0

5. Debtors

	2022		2021
	£		£
Trade debtors	213,702		304,538
Amounts owed by Group undertakings	7,030		5,030
Amounts owed by directors	446,041		406,014
Prepayments and accrued income	102,444		121,937
Deferred tax asset	258,184		156,878
Other debtors	958,448		908,601
	1,985,849		1,902,998

6. Creditors: amounts falling due within one year

	2022		2021
	£		£
Bank loans and overdrafts	84,599		421,156
Trade creditors	192,381		736,386
Amounts owed to Group undertakings	1,050		837
Accruals and deferred income	151,870		204,273
Taxation and social security	453,321		331,471
Obligations under finance leases and hire purchase contracts	91,921		151,941
Other creditors	63,109		0
	1,038,251		1,846,064

7. Creditors: amounts falling due after more than one year

	2022		2021
	£		£
Bank loans	237,414		73,024
Obligations under finance leases and hire purchase contracts	157,926		420,454
	395,340		493,478

Obligations under finance leases and hire purchase contracts are secured against the assets in which they relate to.

8. Deferred tax

	2022		2021
	£		£
At the beginning of financial year	156,878		( 35,207)
Credited to the Statement of Income and Retained Earnings	101,306		192,085
At the end of financial year	258,184		156,878

9. Called-up share capital

	2022		2021
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each	10,000		10,000

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2022		2021
	£		£
Amount owed to parent company	1,050		837

Dividends were declared during the year totalling £699,376 (2021: £423,000).

Transactions with the entity's directors

	2022		2021
	£		£
Amounts owed by directors	446,041		406,014

Advances were made to the directors during the year totalling £31,815, no repayments were made. Interest has been charged at a rate of 2% totalling £8,212. The amount outstanding at the year end was £446,041.