1 October 2020 false Taxfiler 2022.8.3 07392583business:PrivateLimitedCompanyLtd2020-10-012021-09-30 073925832020-09-30 073925832020-10-012021-09-30 07392583business:AuditExemptWithAccountantsReport2020-10-012021-09-30 07392583business:FullAccounts2020-10-012021-09-30 073925832021-09-30 07392583business:Director12020-10-012021-09-30 07392583business:RegisteredOffice2020-10-012021-09-30 073925832020-09-30 07392583core:WithinOneYear2021-09-30 07392583core:WithinOneYear2020-09-30 07392583core:AfterOneYear2021-09-30 07392583core:AfterOneYear2020-09-30 07392583core:ShareCapital2021-09-30 07392583core:ShareCapital2020-09-30 07392583core:RetainedEarningsAccumulatedLosses2021-09-30 07392583core:RetainedEarningsAccumulatedLosses2020-09-30 07392583business:SmallEntities2020-10-012021-09-30 07392583countries:EnglandWales2020-10-012021-09-30 07392583core:PlantMachinery2020-10-012021-09-30 07392583core:MotorVehicles2020-10-012021-09-30 07392583core:PlantMachinery2020-09-30 07392583core:MotorVehicles2020-09-30 07392583core:PlantMachinery2021-09-30 07392583core:MotorVehicles2021-09-30 07392583core:PlantMachinerycore:LeasedAssetsHeldAsLessee2021-09-30 07392583core:PlantMachinerycore:LeasedAssetsHeldAsLessee2020-09-30 07392583core:MotorVehiclescore:LeasedAssetsHeldAsLessee2021-09-30 07392583core:MotorVehiclescore:LeasedAssetsHeldAsLessee2020-09-30 073925832019-10-012020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07392583 (England and Wales)
Cyclops Environmental Solutions Ltd Unaudited accounts for the year ended 30 September 2021
Cyclops Environmental Solutions Ltd Unaudited accounts Contents
Page
- 2 -
Cyclops Environmental Solutions Ltd Company Information for the year ended 30 September 2021
Director
Paul Crofts
Company Number
07392583 (England and Wales)
Registered Office
81 Penny Meadow Ashton-under-Lyne OL6 6EL
Accountants
Foster Barlow Limited 81 Penny Meadow Ashton under Lyne Lancashire OL6 6EL
- 3 -
Cyclops Environmental Solutions Ltd Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
189,780 
234,231 
Current assets
Debtors
43,497 
69,862 
Cash at bank and in hand
4,487 
14,487 
47,984 
84,349 
Creditors: amounts falling due within one year
(124,878)
(99,199)
Net current liabilities
(76,894)
(14,850)
Total assets less current liabilities
112,886 
219,381 
Creditors: amounts falling due after more than one year
(31,589)
(73,609)
Provisions for liabilities
Deferred tax
(30,004)
(39,974)
Net assets
51,293 
105,798 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,193 
105,698 
Shareholders' funds
51,293 
105,798 
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 August 2022 and were signed on its behalf by
Paul Crofts Director Company Registration No. 07392583
- 4 -
Cyclops Environmental Solutions Ltd Notes to the Accounts for the year ended 30 September 2021
1
Statutory information
Cyclops Environmental Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07392583. The registered office is 81 Penny Meadow, Ashton-under-Lyne, OL6 6EL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
Cyclops Environmental Solutions Ltd Notes to the Accounts for the year ended 30 September 2021
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. The company utilised the furlough scheme during the year.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2020
268,026 
289,536 
557,562 
Additions
- 
2,995 
2,995 
At 30 September 2021
268,026 
292,531 
560,557 
Depreciation
At 1 October 2020
145,428 
177,903 
323,331 
Charge for the year
24,520 
22,926 
47,446 
At 30 September 2021
169,948 
200,829 
370,777 
Net book value
At 30 September 2021
98,078 
91,702 
189,780 
At 30 September 2020
122,598 
111,633 
234,231 
2021 
2020 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
51,960 
64,950 
- Motor vehicles
53,094 
66,368 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
5,111 
- 
Trade debtors
30,144 
61,620 
Other debtors
8,242 
8,242 
43,497 
69,862 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
36,828 
36,827 
Trade creditors
15,358 
16,143 
Taxes and social security
6,249 
6,608 
Other creditors
274 
1,779 
Loans from directors
64,669 
36,342 
Accruals
1,500 
1,500 
124,878 
99,199 
- 6 -
Cyclops Environmental Solutions Ltd Notes to the Accounts for the year ended 30 September 2021
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
31,589 
73,609 
8
Average number of employees
During the year the average number of employees was 3 (2020: 4).
- 7 -