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

ENVIRONMENTAL DETECTION SURVEYS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

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:

Philip T Jones & Partners Ltd

Heritage House

9B Hoghton Street

Southport

Merseyside

PR9 0TE

FIXED ASSETS

Intangible assets

4

3

21,431

Tangible assets

5

338,382

350,366

338,385

371,797

CURRENT ASSETS

Stocks

39,412

23,307

Debtors

6

324,943

381,288

Cash at bank

57,536

76,796

421,891

481,391

CREDITORS

Amounts falling due within one year

7

588,614

752,313

NET CURRENT LIABILITIES

(166,723

)

(270,922

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,662

100,875

CREDITORS

Amounts falling due after more than one year

8

-

(65,268

)

PROVISIONS FOR LIABILITIES

(49,620

)

(48,675

)

NET ASSETS/(LIABILITIES)

122,042

(13,068

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

121,942

(13,168

)

SHAREHOLDERS' FUNDS

122,042

(13,068

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 26 November 2018 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 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.

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 2012, is being amortised evenly over its estimated useful life of seven 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

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

moving items.

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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more than 24 hours.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and loans to third parties.

Debt instruments (other than those wholly repayable within one year), including loans and other accounts

receivable and payable, are initially measured at present value of the future cash flows and subsequently at

amortised cost using the effective interest method. Debt instruments that are payable or receivable within one

year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount

of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised 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

recognized in the income statement and retained earnings.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using

the effective interest method.

Finance costs

Finance costs are charged to the income statement and retained earnings over the term of the debt using the

effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are

initially recognized as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2017 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

150,000

AMORTISATION

At 1 May 2017

128,569

Amortisation for year

21,428

At 30 April 2018

149,997

NET BOOK VALUE

At 30 April 2018

3

At 30 April 2017

21,431

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2017

501,235

26,790

185,222

54,495

767,742

Additions

52,760

-

15,500

-

68,260

At 30 April 2018

553,995

26,790

200,722

54,495

836,002

DEPRECIATION

At 1 May 2017

257,764

17,793

102,157

39,662

417,376

Charge for year

53,970

1,800

20,766

3,708

80,244

At 30 April 2018

311,734

19,593

122,923

43,370

497,620

NET BOOK VALUE

At 30 April 2018

242,261

7,197

77,799

11,125

338,382

At 30 April 2017

243,471

8,997

83,065

14,833

350,366

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

30/4/17

£

£

Trade debtors

324,943

381,288

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

30/4/17

£

£

Hire purchase contracts

65,268

147,501

Trade creditors

20,475

33,053

Taxation and social security

161,435

76,914

Other creditors

341,436

494,845

588,614

752,313

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/18

30/4/17

£

£

Hire purchase contracts

-

65,268

9.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/18

30/4/17

£

£

Other creditors

68,205

152,559

Other creditors are secured on the book debts of the company.