Company Registration No. 10272221 (England and Wales)
Earthsense Systems Limited
Unaudited accounts
for the year ended 31 December 2022
Earthsense Systems Limited
Unaudited accounts
Contents
Earthsense Systems Limited
Company Information
for the year ended 31 December 2022
Directors
Thomas Hall
Roland Leigh
Company Number
10272221 (England and Wales)
Registered Office
Space Park Leicester
92 Corporation Road
Leicester
LE4 5SP
ENGLAND
Accountants
BGS Accounting Limited
75 Exploration Drive
Leicester
LE4 5NU
Earthsense Systems Limited
Statement of financial position
as at 31 December 2022
Intangible assets
932,044
750,920
Tangible assets
39,314
46,419
Cash at bank and in hand
26,801
430,968
Creditors: amounts falling due within one year
(842,928)
(1,048,090)
Net current assets/(liabilities)
12,032
(200,346)
Total assets less current liabilities
983,390
596,993
Creditors: amounts falling due after more than one year
(530,921)
(244,559)
Net assets
452,469
352,434
Called up share capital
7,500
7,500
Profit and loss account
444,969
344,934
Shareholders' funds
452,469
352,434
For the year ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Thomas Hall
Director
Company Registration No. 10272221
Earthsense Systems Limited
Notes to the Accounts
for the year ended 31 December 2022
Earthsense Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 10272221. The registered office is Space Park Leicester, 92 Corporation Road, Leicester, LE4 5SP, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2022
1,318,483
Charge for the year
169,810
At 31 December 2022
386,439
At 31 December 2022
932,044
At 31 December 2021
750,920
Earthsense Systems Limited
Notes to the Accounts
for the year ended 31 December 2022
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
45,880
8,223
46,313
100,416
At 31 December 2022
45,880
8,223
49,307
103,410
At 1 January 2022
38,736
6,117
9,144
53,997
Charge for the year
6,783
1,499
1,817
10,099
At 31 December 2022
45,519
7,616
10,961
64,096
At 31 December 2022
361
607
38,346
39,314
At 31 December 2021
7,144
2,106
37,169
46,419
Amounts falling due within one year
Trade debtors
419,919
320,845
Amounts due from group undertakings etc.
314,330
-
Accrued income and prepayments
-
4,674
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
87,882
146,932
Trade creditors
100,769
114,127
Taxes and social security
42,748
23,622
Other creditors
10,137
(751)
Deferred income
534,884
653,841
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
175,765
244,559
9
Average number of employees
During the year the average number of employees was 23 (2021: 23).