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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2018 | 2017 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 |
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Current assets | |||||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 6 | ( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 7 | ( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Share premium |
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Profit and loss account |
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Shareholder's funds |
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Dr Sampuran Singh | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Tangible fixed assets | ||||||||
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Plant and machinery | 20% reducing balance | |||||||
Fixtures, fittings and equipment | 5 years straight line | |||||||
Motor vehicles | 4 years straight line | |||||||
Stocks | ||||||||
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Debtors | ||||||||
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Creditors | ||||||||
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Taxation | ||||||||
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Foreign currency translation | ||||||||
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Leased assets | ||||||||
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Pensions | ||||||||
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2 | Employees | 2018 | 2017 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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3 | Taxation | |||||||
At 31 December 2018, the company had fully utilised gross tax losses carried forward from the prior year of £196,000 and a deferred tax provison of £22,728 has been made. At 31 December 2017, after taking account of accelerated capital allowances, the deferred tax asset of £3,800 was not provided in the accounts. | ||||||||
4 | Tangible fixed assets | |||||||
Plant & machinery | Fixtures, fittings & equipment | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 January 2018 |
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Additions | - |
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At 31 December 2018 |
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Depreciation | ||||||||
At 1 January 2018 |
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Charge for the year |
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At 31 December 2018 |
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Net book value | ||||||||
At 31 December 2018 |
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At 31 December 2017 |
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5 | Debtors | 2018 | 2017 | |||||
£ | £ | |||||||
Trade debtors |
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Other debtors |
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6 | Creditors: amounts falling due within one year | 2018 | 2017 | |||||
£ | £ | |||||||
Obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security costs |
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Other creditors |
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7 | Creditors: amounts falling due after one year | 2018 | 2017 | |||||
£ | £ | |||||||
Obligations under finance lease and hire purchase contracts |
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8 | Loans | 2018 | 2017 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured loans | 109,700 | 252,139 | ||||||
At 31 December 2018, the company had an advance against trade debtors of £39,009 (2017: £174,805) under a receivables finance agreement, and this is secured by a fixed and floating charge over the assets of the company. |
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9 | Related party transactions | |||||||
The company has provided net finance totalling £97,382 (2017: £157,509) to Sigma-HSE (UK) Limited during the year. Included within this is a fee of £10,270 (2017: £12,453) for the loan facility, £1,477 (2017: £1,656) for use of cars, £38,196 for management services (2017: £65,196), £12,000 for insurance recharges (2017: £12,000) and £3,837 in respect of IT services (2017: £3,857) received from Sigma-HSE (UK) Limited by the company. At 31 December 2018, Sigma-HSE (UK) Limited owed the company £405,488 (2017: £308,106), which is repayable on demand and is interest free. No provision has been made against this debt as the directors are of the opinion that it is fully recoverable. |
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10 | Controlling party | |||||||
The directors consider that the company's ultimate parent company is Dalewood Limited, a company incorporated in Guernsey whose registered address is Martello Court, Admiral Park, St Peter Port, Guernsey, GY1 3HB. Dalewood Limited does not prepare group accounts. Dalewood Limited is under the control of a Discretionary Trust which has a beneficial interest in 100% of the issued share capital of the company. In the opinion of the directors there is no ultimate controlling party as no party has the ability to direct the financial and operating policies of the Trust with a view to gaining economic benefits from their direction. |
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11 | Other information | |||||||
The Environmental Laboratory Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Unit 2A, Windmill Road | ||||||||
Ponswood Industrial Estate | ||||||||
St Leonards-on-Sea | ||||||||
East Sussex | ||||||||
TN38 9BY |