Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false22022-01-26Collection of non-hazardous wastefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13873548 2022-01-25 13873548 2022-01-26 2023-03-31 13873548 2021-01-01 2022-01-25 13873548 2023-03-31 13873548 1 2022-01-26 2023-03-31 13873548 d:Director2 2022-01-26 2023-03-31 13873548 c:PlantMachinery 2022-01-26 2023-03-31 13873548 c:PlantMachinery 2023-03-31 13873548 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-01-26 2023-03-31 13873548 c:MotorVehicles 2022-01-26 2023-03-31 13873548 c:MotorVehicles 2023-03-31 13873548 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-01-26 2023-03-31 13873548 c:OfficeEquipment 2022-01-26 2023-03-31 13873548 c:OfficeEquipment 2023-03-31 13873548 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-01-26 2023-03-31 13873548 c:OwnedOrFreeholdAssets 2022-01-26 2023-03-31 13873548 c:CurrentFinancialInstruments 2023-03-31 13873548 c:Non-currentFinancialInstruments 2023-03-31 13873548 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 13873548 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 13873548 c:ShareCapital 2023-03-31 13873548 c:RetainedEarningsAccumulatedLosses 2023-03-31 13873548 d:FRS102 2022-01-26 2023-03-31 13873548 d:AuditExempt-NoAccountantsReport 2022-01-26 2023-03-31 13873548 d:FullAccounts 2022-01-26 2023-03-31 13873548 d:PrivateLimitedCompanyLtd 2022-01-26 2023-03-31 13873548 c:HirePurchaseContracts c:WithinOneYear 2023-03-31 13873548 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13873548









ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
REGISTERED NUMBER: 13873548

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
108,779

Current assets
  

Debtors: amounts falling due within one year
 5 
226,958

Cash at bank and in hand
 6 
185,097

  
412,055

Creditors: amounts falling due within one year
 7 
(441,381)

Net current (liabilities)/assets
  
 
 
(29,326)

Total assets less current liabilities
  
79,453

Creditors: amounts falling due after more than one year
 8 
(51,697)

  

Net assets
  
27,756


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
27,755

  
27,756


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
REGISTERED NUMBER: 13873548
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2023.




................................................
W L Holdaway
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Environmental Disposal Solutions Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 13873548. Its registered office is Unit 1a Warren Farm, Main Road, Sunridge, Kent, United Kingdom, TN14 6EE. The Company was incorporated on 26 January 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After the period end the Company has transferred its trade and assets to a connected Company. Therefore the accounts have been prepared on a basis other than going concern. See note 13 for further information.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss 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 recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight line
Motor vehicles
-
10% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
3,153
104,320
11,644
119,117



Depreciation


Charge for the period on owned assets
334
7,641
2,363
10,338



At 31 March 2023

334
7,641
2,363
10,338



Net book value



At 31 March 2023
2,819
96,679
9,281
108,779


5.


Debtors

2023
£


Trade debtors
166,383

Other debtors
12,101

Prepayments and accrued income
10,468

Deferred taxation
38,006

226,958


Page 6

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
185,097



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
77,234

Amounts owed to group undertakings
326,164

Other taxation and social security
23,906

Obligations under finance lease and hire purchase contracts
10,470

Other creditors
1,144

Accruals and deferred income
2,463

441,381



8.


Creditors: Amounts falling due after more than one year

2023
£

Net obligations under finance leases and hire purchase contracts
51,697



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
£


Within one year
10,470

Between 1-5 years
51,697

62,167

Page 7

 
ENVIRONMENTAL DISPOSAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,822. Contributions totalling £1,144 were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

Included within creditors due within one year is an amount of £326,164 due to a connected company.


12.


Post balance sheet events

After the period end, on 1 April 2023, the Company transferred its business and assets to a connected company. 

 
Page 8