Enviro Technology Services Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01726773 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

ENVIRO TECHNOLOGY SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Mounsor

Mr M J Webley

Mrs J A Read

SECRETARY:

Mr M J Webley

REGISTERED OFFICE:

Kingfisher Business Park

London Road

Stroud

Gloucestershire

GL5 2BY

REGISTERED NUMBER:

01726773 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co. Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

4

444,009

413,288

CURRENT ASSETS

Stocks

589,933

695,686

Debtors

5

598,128

565,279

Cash at bank and in hand

236,431

106,739

1,424,492

1,367,704

CREDITORS

Amounts falling due within one year

6

1,200,268

1,304,271

NET CURRENT ASSETS

224,224

63,433

TOTAL ASSETS LESS CURRENT LIABILITIES

668,233

476,721

CREDITORS

Amounts falling due after more than one year

7

96,479

109,822

NET ASSETS

571,754

366,899

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

521,754

316,899

SHAREHOLDERS' FUNDS

571,754

366,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 March 2018 and were signed on its behalf by:

Mr D R Mounsor - Director

Mr M J Webley - Director

1.	STATUTORY INFORMATION

Enviro Technology Services Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks

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

obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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 future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of

the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Research and development

Expenditure on research and development, incurred in the year other than on fixed assets, is charged to the profit

and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2016

327,166

1,419,237

1,746,403

Additions

625

228,638

229,263

Disposals

-

(103,569

)

(103,569

)

At 31 October 2017

327,791

1,544,306

1,872,097

DEPRECIATION

At 1 November 2016

316,939

1,016,176

1,333,115

Charge for year

8,478

149,563

158,041

Eliminated on disposal

-

(63,068

)

(63,068

)

At 31 October 2017

325,417

1,102,671

1,428,088

NET BOOK VALUE

At 31 October 2017

2,374

441,635

444,009

At 31 October 2016

10,227

403,061

413,288

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2016

488,027

Additions

133,015

Disposals

(85,884

)

Transfer to ownership

(21,272

)

At 31 October 2017

513,886

DEPRECIATION

At 1 November 2016

174,260

Charge for year

116,788

Eliminated on disposal

(51,500

)

Transfer to ownership

(15,954

)

At 31 October 2017

223,594

NET BOOK VALUE

At 31 October 2017

290,292

At 31 October 2016

313,767

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

518,711

463,967

Other debtors

79,417

101,312

598,128

565,279

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Hire purchase contracts (see note 8)

95,023

134,479

Trade creditors

466,697

589,605

Taxation and social security

103,907

45,926

Other creditors

534,641

534,261

1,200,268

1,304,271

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Hire purchase contracts (see note 8)

76,667

81,293

Other creditors

19,812

28,529

96,479

109,822

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.10.17

31.10.16

£

£

Net obligations repayable:

Within one year

95,023

134,479

Between one and five years

76,667

81,293

171,690

215,772

Non-cancellable operating

leases

31.10.17

31.10.16

£

£

Within one year

6,677

23,595

Between one and five years

124,430

60,195

In more than five years

954,750

1,028,250

1,085,857

1,112,040

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.17

31.10.16

£

£

Hire purchase contracts

171,690

215,772

10.	CONTINGENT LIABILITIES

Counter guarantees have been given by the company in respect of guarantees provided by Clydesdale Bank Plc in

favour of:

H.M. Customs & Excise - £ 20,000

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 (2016 - £10,500) were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A Read.