Enviropax Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07229903 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 OCTOBER 2015 TO 31 DECEMBER 2016

FOR

ENVIROPAX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Malcolm

R De Schepper

REGISTERED OFFICE:

120-124 Towngate

Leyland

Lancashire

PR25 2LQ

REGISTERED NUMBER:

07229903 (England and Wales)

ACCOUNTANTS:

RfM Preston Ltd

Chartered Accountants

120-124 Towngate

Leyland

Lancashire

PR25 2LQ

FIXED ASSETS

Tangible assets

2

1,845,715

1,863,420

CURRENT ASSETS

Stocks

221,255

248,311

Debtors

470,311

1,410,068

Cash at bank and in hand

3,853

1,097

695,419

1,659,476

CREDITORS

Amounts falling due within one year

3

2,592,629

3,374,900

NET CURRENT LIABILITIES

(1,897,210

)

(1,715,424

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,495

)

147,996

CREDITORS

Amounts falling due after more than one year

3

1,640,016

1,327,366

NET LIABILITIES

(1,691,511

)

(1,179,370

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(1,691,512

)

(1,179,371

)

SHAREHOLDERS' FUNDS

(1,691,511

)

(1,179,370

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 March 2017 and were signed on its behalf by:

P Malcolm - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

not provided

Plant and machinery

-

10% on cost

Tooling

-

10% on cost

Computer equipment

-

20% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

GOING CONCERN

The company has made a loss of £512,141 for the period ended 31 December 2016 and had net liabilities of

£1,691,511. The company entered into voluntary arrangement with one of its creditors on 28 November 2011.

The company is dependent, in the absence of other funding, on the continued financial support of its director.

The director has confirmed his commitment to provide the necessary support.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern

basis. The financial statements do not include any adjustments that might be necessary if the director was not

to provide further support.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

2,649,305

Additions

446,963

Disposals

(167,877

)

At 31 December 2016

2,928,391

DEPRECIATION

At 1 October 2015

785,885

Charge for period

296,791

At 31 December 2016

1,082,676

NET BOOK VALUE

At 31 December 2016

1,845,715

At 30 September 2015

1,863,420

3.

CREDITORS

Creditors include an amount of £ 678,789 (2015 - £ 812,588 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary shares

£1

1

1

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 December 2016 and

30 September 2015:

2016

2015

£

£

P Malcolm

Balance outstanding at start of period

(8,185

)

(32,883

)

Amounts advanced

(13,131

)

-

Amounts repaid

-

24,698

Balance outstanding at end of period

(21,316

)

(8,185

)