Environmental Assessment and Design Limited
Registered number: 04671180
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 169,631 111,031
Current assets
Stocks 4,390 -
Debtors 4 1,592,249 1,494,942
Cash at bank and in hand 320,581 214,755
1,917,220 1,709,697
Creditors: amounts falling due within one year 5 (712,829) (556,600)
Net current assets 1,204,391 1,153,097
Total assets less current liabilities 1,374,022 1,264,128
Creditors: amounts falling due after more than one year 6 (926,427) (1,193,383)
Provisions for liabilities (24,539) (13,029)
Net assets 423,056 57,716
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 421,056 55,716
Shareholders' funds 423,056 57,716
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ME Jones
Director
Approved by the board on 24 April 2023
Environmental Assessment and Design Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property improvements 4% straight line
Computer equipment 33% straight line
Plant and machinery 15% on a reducing balance basis
Fixtures and equipment 25% on a reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 21
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 59,433 249,498 308,931
Additions - 92,518 92,518
At 31 March 2023 59,433 342,016 401,449
Depreciation
At 1 April 2022 7,134 190,766 197,900
Charge for the year 2,378 31,540 33,918
At 31 March 2023 9,512 222,306 231,818
Net book value
At 31 March 2023 49,921 119,710 169,631
At 31 March 2022 52,299 58,732 111,031
4 Debtors 2023 2022
£ £
Trade debtors 356,745 252,907
Other debtors (founder loan £1,233,400) 1,235,504 1,242,035
1,592,249 1,494,942
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 40,469 38,465
Trade creditors 45,626 24,861
Founder loan due within one year 449,400 225,000
Corporation tax 67,501 91,792
Other taxes and social security costs 94,232 111,817
Other creditors 15,601 64,665
712,829 556,600
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 142,427 184,383
Founder loan due after one year 784,000 1,009,000
926,427 1,193,383
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 341,250 393,750
8 Controlling party
The ultimate controlling entity is the EAD Employee Ownership Trust.
9 Other information
Environmental Assessment and Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Armada House
Oldhams Wharf, Topsham
Exeter
Devon
EX3 0PB
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