Environmental Essentials (UK) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05980634 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Environmental Essentials (UK) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

144,015

94,426

CURRENT ASSETS

Stocks

1,444

-

Debtors

6

456,524

398,282

Cash at bank and in hand

116,648

122,452

574,616

520,734

CREDITORS

Amounts falling due within one year

7

447,334

470,353

NET CURRENT ASSETS

127,282

50,381

TOTAL ASSETS LESS CURRENT LIABILITIES

271,297

144,807

CREDITORS

Amounts falling due after more than one year

8

-

(2,280

)

PROVISIONS FOR LIABILITIES

(27,363

)

(18,885

)

NET ASSETS

243,934

123,642

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

243,834

123,542

SHAREHOLDERS' FUNDS

243,934

123,642

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 6 March 2018 and were signed on its behalf by:

Mr L D Johnson - Director

Mrs K L Spence - Director

Mr W A E Spence - Director

1.	STATUTORY INFORMATION

Environmental Essentials (UK) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

05980634

Registered office:

Ebenezer House

Ryecroft

Newcastle under Lyme

Staffordshire

ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore,

turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2016 - 29 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2017

139,403

25,458

164,861

Additions

79,404

3,092

82,496

At 31 December 2017

218,807

28,550

247,357

DEPRECIATION

At 1 January 2017

49,193

21,242

70,435

Charge for year

31,595

1,312

32,907

At 31 December 2017

80,788

22,554

103,342

NET BOOK VALUE

At 31 December 2017

138,019

5,996

144,015

At 31 December 2016

90,210

4,216

94,426

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

453,165

392,891

Other debtors

3,359

5,391

456,524

398,282

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

7,460

Trade creditors

96,362

90,160

Taxation and social security

166,931

139,911

Other creditors

184,041

232,822

447,334

470,353

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

-

2,280

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

-

9,740

Factoring facility

143,161

193,105

143,161

202,845

The bank loan is secured against the assets held within the company.

The factoring facility is secured against all property and assets present and future, including goodwill, book

debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

10.	OTHER FINANCIAL COMMITMENTS

The financial commitments, which are not included in the balance sheet amount to £91,350 (2016 : £45,796).

These financial commitments represent the total amount of payments for motor leases ending in the years

between 2018 and 2020.

11.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous periods by Mr L D Johnson, Mrs J Johnson,

Mr W Spence & Mrs K Spence.