|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
|
FOR |
|
ENVIROMETRICS LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
|
FOR |
|
ENVIROMETRICS LIMITED |
ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2019 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
ENVIROMETRICS LIMITED |
|
COMPANY INFORMATION |
for the year ended 30 June 2019 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821) |
|
STATEMENT OF FINANCIAL POSITION |
30 June 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
|
|
Investments | 5 |
|
|
Investment property | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | 10 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved and authorised for issue by the director on
|
|
|
|
|
|
|
ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 June 2019 |
|
|
1. | STATUTORY INFORMATION |
|
Envirometrics Limited is a
|
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 |
|
Basis of preparing the financial statements |
|
|
Revenue |
Revenue comprises rental income receivable and services supplied net of value added tax. Services are recognised to the |
extent that the company has obtained the right to consideration through its performance and is measured at the fair value of |
the right to consideration. |
|
Property, plant and equipment |
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and |
equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses. |
|
Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life. |
Plant and machinery | 15% on reducing balance |
Fixtures and fittings | 15% on reducing balance |
Computer equipment | 33% on cost |
|
Investments in subsidiaries |
Investments in subsidiary undertakings are initially measured at cost. After initial recognition investments in subsidiary |
undertakings are measured at cost less any accumulated impairment losses. |
|
Investment property |
Investment property is initially measured at fair value. Changes in fair value at the reporting date are recognised in the profit |
or loss for the year. |
|
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 statement of financial position date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position 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. |
ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2019 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and |
liabilities such as trade, other accounts receivable and payable and loans to related parties. |
|
Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, |
initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
|
Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future |
payments and subsequently at amortised costs using the effective interest method. |
|
Going concern |
The accounts have been prepared on a going concern basis on the strength of confirmation from the parent company and the |
director that they will continue to provide financial support by not seeking repayment of loan accounts due until other |
creditors have been paid in full. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2018 |
and 30 June 2019 |
|
|
|
|
DEPRECIATION |
At 1 July 2018 |
|
|
|
|
Charge for year |
|
|
|
|
At 30 June 2019 |
|
|
|
|
NET BOOK VALUE |
At 30 June 2019 |
|
|
|
|
At 30 June 2018 |
|
|
|
|
|
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
|
PROVISIONS |
At 1 July 2018 | 146,523 |
Provision for year | 61,658 |
At 30 June 2019 | 208,181 |
NET BOOK VALUE |
At 30 June 2019 |
|
At 30 June 2018 |
|
ENVIROMETRICS LIMITED (REGISTERED NUMBER: 01674821) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2019 |
|
|
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2018 |
and 30 June 2019 |
|
NET BOOK VALUE |
At 30 June 2019 |
|
At 30 June 2018 |
|
|
Investment property was valued on an open market basis as at 30 June 2019 by the director. |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
|
|
|
10. | RESERVES |
|
Included within retained earnings is an amount of £206,616 (2018 - £206,886) in relation to the fair value revaluation of the |
investment property which is non distributable. |
|
11. | CONTINGENT LIABILITIES |
|
The company has given unlimited guarantees to its bankers by way of fixed and floating charges over all of the company |
assets and undertaking in favour a subsidiary. The bank borrowings of the subsidiary at 30 June 2019 were £255,275 (2018 - |
£272,425). |
|
12. | RELATED PARTY DISCLOSURES |
|
The director has made an interest free loan to the company. At the year end the amount due to him was £65,147 (2018 - |
£70,061). The amount is due after one year. |
|
During the year the Director received no remuneration (2018 - £nil). |
|
The company has received an interest free loan with an entity in which it has a participating interest. The amount owed by |
the company at the year end was £5,876 (2018 - £962). |