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

REGISTERED NUMBER: 07611006 (England and Wales)

Financial Statements for the Year Ended 29 April 2021

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

451,538

386,743

451,538

386,743

CURRENT ASSETS

Stocks

26,000

25,760

Debtors

6

423,062

349,130

Cash at bank

693,873

243,872

1,142,935

618,762

CREDITORS

Amounts falling due within one year

7

455,416

352,031

NET CURRENT ASSETS

687,519

266,731

TOTAL ASSETS LESS CURRENT LIABILITIES

1,139,057

653,474

CREDITORS

Amounts falling due after more than one year

8

(147,723

)

(55,561

)

PROVISIONS FOR LIABILITIES

(71,045

)

(60,000

)

NET ASSETS

920,289

537,913

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

920,189

537,813

920,289

537,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2021 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 28 January 2022 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

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 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 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.

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 year was 31 (2020 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 April 2020

and 29 April 2021

150,000

AMORTISATION

At 30 April 2020

and 29 April 2021

150,000

NET BOOK VALUE

At 29 April 2021

-

At 29 April 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 April 2020

1,088,580

Additions

218,981

Disposals

(26,153

)

At 29 April 2021

1,281,408

DEPRECIATION

At 30 April 2020

701,837

Charge for year

130,658

Eliminated on disposal

(2,625

)

At 29 April 2021

829,870

NET BOOK VALUE

At 29 April 2021

451,538

At 29 April 2020

386,743

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

Plant and

machinery

etc

£

COST

At 30 April 2020

152,615

Additions

81,263

At 29 April 2021

233,878

DEPRECIATION

At 30 April 2020

33,623

Charge for year

45,399

At 29 April 2021

79,022

NET BOOK VALUE

At 29 April 2021

154,856

At 29 April 2020

118,992

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.21

29.4.20

£

£

Trade debtors

163,973

22,058

Other debtors

259,089

327,072

423,062

349,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.21

29.4.20

£

£

Bank loans and overdrafts

1,667

-

Hire purchase contracts

65,874

42,596

Trade creditors

93,211

42,672

Taxation and social security

206,979

175,369

Other creditors

87,685

91,394

455,416

352,031

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.4.21

29.4.20

£

£

Bank loans

98,333

-

Hire purchase contracts

49,390

55,561

147,723

55,561

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

18,333

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

29.4.21

29.4.20

£

£

Hire purchase contracts

115,264

98,157