Company No:
Contents
DIRECTORS | S Rowbottom |
P Rowbottom |
REGISTERED OFFICE | Unit 4 |
Watford Bridge Industrial Estate Watford Bridge Road | |
New Mills | |
High Peak | |
Derbyshire | |
SK22 4HJ | |
United Kingdom |
COMPANY NUMBER | 06470071 (England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
1-3 College Yard | |
Worcester | |
WR1 2LB |
Note | 31.12.2021 | 31.12.2020 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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985,178 | 971,956 | |||
Current assets | ||||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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2,101,161 | 2,077,028 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current assets | 255,097 | 17,160 | ||
Total assets less current liabilities | 1,240,275 | 989,116 | ||
Creditors | ||||
Amounts falling due after more than one year | 6 | (
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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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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Environ Consultants Limited (registered number:
S Rowbottom
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Environ Consultants Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4, Watford Bridge Industrial Estate Watford Bridge Road, New Mills, High Peak, Derbyshire, SK22 4HJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Plant and machinery |
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years | straight line | |||
Vehicles |
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years | straight line | |||
Fixtures and fittings |
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years | straight line | |||
Computer equipment |
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years | straight line |
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
31.12.2021 | 31.12.2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Plant and machinery | Vehicles | Fixtures and fittings | Computer equipment | Total | |||||
£ | £ | £ | £ | £ | |||||
Cost | |||||||||
At 01 January 2021 |
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Additions |
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Disposals | (
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At 31 December 2021 |
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Accumulated depreciation | |||||||||
At 01 January 2021 |
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Charge for the financial year |
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Disposals | (
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At 31 December 2021 |
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Net book value | |||||||||
At 31 December 2021 |
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At 31 December 2020 |
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31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by Group undertakings |
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Amounts owed by directors |
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Prepayments and accrued income |
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Deferred tax asset |
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Other debtors |
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31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to Group undertakings |
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Other creditors |
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Accruals and deferred income |
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Other taxation and social security |
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Obligations under finance leases and hire purchase contracts |
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31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Bank loans |
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Other creditors |
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493,478 | 358,837 |
Transactions with the entity's directors
31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Amounts owed by directors | 406,014 | 357,660 |
Advances were made to the directors during the year totalling £80,007. Repayments were made totalling £38,680. Interest has been charged at a rate of 2.25%/2% totalling £7,027. The amount outstanding at the year end was £406,014