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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 OCTOBER 2017 TO 31 DECEMBER 2018 |
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ENVIRONMENT CLEAR LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 OCTOBER 2017 TO 31 DECEMBER 2018 |
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FOR |
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ENVIRONMENT CLEAR LIMITED |
ENVIRONMENT CLEAR LIMITED (REGISTERED NUMBER: 10401630) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2017 TO 31 DECEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ENVIRONMENT CLEAR LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 OCTOBER 2017 TO 31 DECEMBER 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Drake House |
Gadbrook Park |
Northwich |
Cheshire |
CW9 7RA |
ENVIRONMENT CLEAR LIMITED (REGISTERED NUMBER: 10401630) |
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BALANCE SHEET |
31 DECEMBER 2018 |
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31/12/18 | 30/9/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Retained earnings |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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ENVIRONMENT CLEAR LIMITED (REGISTERED NUMBER: 10401630) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2017 TO 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Environment Clear Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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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. |
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These are the first financial statements the Company has prepared in accordance with Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of |
Ireland'' (FRS 102) as applied to smaller entities by the adoption of Section 1A of FRS 102. The |
financial statements for the year ended 31 December 2015 were prepared in accordance with |
Financial Reporting Standard for Smaller Entities (effective January 2015) (FRSSE). |
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Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and |
accounting policy choices differ from the FRSSE. Consequently the directors have amended certain |
accounting policies to comply with FRS 102. The directors have also taken advantage of certain |
exemptions from the requirements of FRS 102 permitted by FRS 102 Chapter 35 ''Transition to FRS''. |
There are no changes in the prior period on transition to FRS 102 as the directors consider them to be |
immaterial to financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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ENVIRONMENT CLEAR LIMITED (REGISTERED NUMBER: 10401630) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2017 TO 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
FINANCIAL ASSETS |
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Trade, group and other debtors |
Trade, group and other debtors (including accrued income) which are receivable within one year and |
which do not constitute a financing transaction are initially measured at the transaction price and |
subsequently measured at amortised cost, being the transaction price less any amounts settled and |
any impairment losses. |
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A provision for impairment of trade debtors is established where there is objective evidence that the |
amounts due will not be collected according to the original terms of the contract. Impairment losses |
are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present |
value of the future cash flows discounted using the original effective interest rate. Subsequent |
reversals of an impairment loss that objectively relate to an event occurring after the impairment loss |
was recognised, are recognised immediately in profit or loss. |
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FINANCIAL LIABILITIES |
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Trade, group and other creditors |
Trade, group and other creditors (including accruals) payable within one year that do not constitute a |
financing transaction are initially measured at the transaction price and subsequently measured at |
amortised cost, being transaction price less any amounts settled. |
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Derecognition of financial assets and liabilities |
A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or |
substantially all the risks and rewards of ownership are transferred to another party, or if some |
significant risks and rewards of ownership are retained but control of the asset has transferred to |
another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability |
(or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled |
or expires. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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 period end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
ENVIRONMENT CLEAR LIMITED (REGISTERED NUMBER: 10401630) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2017 TO 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
At 1 October 2017 |
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Additions |
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At 31 December 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for period |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 30 September 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/18 | 30/9/17 |
£ | £ |
Debtors | 10,156 | 27,035 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/18 | 30/9/17 |
£ | £ |
Trade creditors |
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Paid in advance | 239,926 | 159,053 |
Taxation |
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VAT | 29,864 | 31,660 |
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