Environmental Detection Surveys Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07611006 (England and Wales)

Financial Statements for the Period 1 May 2019 to 29 April 2020

for

Environmental Detection Surveys Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W V Johnson

N Brown

REGISTERED OFFICE:

113a Hampton Road

Southport

Merseyside

PR8 5DY

REGISTERED NUMBER:

07611006 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

386,743

418,762

386,743

418,762

CURRENT ASSETS

Stocks

25,760

26,864

Debtors

6

349,130

279,456

Cash at bank

243,872

105,844

618,762

412,164

CREDITORS

Amounts falling due within one year

7

352,031

416,683

NET CURRENT ASSETS/(LIABILITIES)

266,731

(4,519

)

TOTAL ASSETS LESS CURRENT LIABILITIES

653,474

414,243

CREDITORS

Amounts falling due after more than one year

8

(55,561

)

(83,215

)

PROVISIONS FOR LIABILITIES

(60,000

)

(60,000

)

NET ASSETS

537,913

271,028

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

537,813

270,928

537,913

271,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 2020 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2021 and were signed on its behalf by:

W V Johnson - Director

1.	STATUTORY INFORMATION

Environmental Detection Surveys Limited is a private company, limited by shares , registered in England and Wales. The company's registered 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.

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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2019 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 29 April 2020

150,000

AMORTISATION

At 1 May 2019

and 29 April 2020

150,000

NET BOOK VALUE

At 29 April 2020

-

At 30 April 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

1,021,925

Additions

98,438

Disposals

(31,783

)

At 29 April 2020

1,088,580

DEPRECIATION

At 1 May 2019

603,163

Charge for period

107,636

Eliminated on disposal

(8,962

)

At 29 April 2020

701,837

NET BOOK VALUE

At 29 April 2020

386,743

At 30 April 2019

418,762

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2019

151,500

Additions

16,615

Disposals

(15,500

)

At 29 April 2020

152,615

DEPRECIATION

At 1 May 2019

30,300

Charge for period

3,323

At 29 April 2020

33,623

NET BOOK VALUE

At 29 April 2020

118,992

At 30 April 2019

121,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.20

30.4.19

£

£

Trade debtors

22,058

54,801

Other debtors

327,072

224,655

349,130

279,456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.20

30.4.19

£

£

Hire purchase contracts

42,596

50,840

Trade creditors

42,672

14,359

Taxation and social security

175,369

94,543

Other creditors

91,394

256,941

352,031

416,683

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.4.20

30.4.19

£

£

Hire purchase contracts

55,561

83,215

9.	SECURED DEBTS

The following secured debts are included within creditors:

29.4.20

30.4.19

£

£

Hire purchase contracts

98,157

-