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REGISTERED NUMBER: SC485055 (Scotland)






































EDS Technical Solutions Limited

Unaudited Financial Statements

for the Year Ended 31st August 2023






EDS Technical Solutions Limited

Company Information
for the year ended 31st August 2023







Directors: A Mathieson
Mrs T P Mathieson





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: 4 Asturian Way
Fenham
Newcastle Upon Tyne
Tyne and Wear
NE4 9BG





Registered number: SC485055 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

EDS Technical Solutions Limited (Registered number: SC485055)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 892 678

Current assets
Debtors 5 133,327 218,473
Cash at bank 20,721 273
154,048 218,746
Creditors
Amounts falling due within one year 6 38,678 38,490
Net current assets 115,370 180,256
Total assets less current liabilities 116,262 180,934

Provisions for liabilities 169 129
Net assets 116,093 180,805

Capital and reserves
Called up share capital 100 100
Retained earnings 115,993 180,705
Shareholders' funds 116,093 180,805

EDS Technical Solutions Limited (Registered number: SC485055)

Balance Sheet - continued
31st August 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 20th February 2024 and were signed on its behalf by:





A Mathieson - Director


EDS Technical Solutions Limited (Registered number: SC485055)

Notes to the Financial Statements
for the year ended 31st August 2023

1. Statutory information

EDS Technical Solutions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost 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 recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


EDS Technical Solutions Limited (Registered number: SC485055)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 1 ) .

4. Tangible fixed assets
Office
equipment
£   
Cost
At 1st September 2022 5,299
Additions 507
At 31st August 2023 5,806
Depreciation
At 1st September 2022 4,621
Charge for year 293
At 31st August 2023 4,914
Net book value
At 31st August 2023 892
At 31st August 2022 678

EDS Technical Solutions Limited (Registered number: SC485055)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 8,438 3,852
Other debtors 124,889 214,621
133,327 218,473

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 542 73
Taxation and social security 36,136 36,417
Other creditors 2,000 2,000
38,678 38,490

7. Directors' advances, credits and guarantees

Included within other debtors are the following loans to directors:

at 31 AugAmountAmountat 31 Aug
2022AdvancedRepaid2023

Directors186,04087,895(180,219)93,716

This loan is unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.