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REGISTERED NUMBER: 02741424 (England and Wales)















Environmental Instruments Limited

Financial Statements

for the Year Ended 31 December 2023






Environmental Instruments Limited (Registered number: 02741424)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Environmental Instruments Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs A L Billingsley
Mr S Earp
Mr C Cummins
Mr R Sidor
Mr T C Novick





REGISTERED OFFICE: Unit 5 The Mansley Centre
Timothys Bridge Road
Stratford-Upon-Avon
Warwickshire
CV37 9NQ





REGISTERED NUMBER: 02741424 (England and Wales)





AUDITORS: Grenfell James Audit LLP, Statutory Auditor
13 The Courtyard
Timothy's Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Environmental Instruments Limited (Registered number: 02741424)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 61,230 91,845
Tangible assets 6 43,892 37,249
105,122 129,094

CURRENT ASSETS
Stocks 343,977 251,618
Debtors 7 252,627 430,443
Cash at bank and in hand 169,311 233,206
765,915 915,267
CREDITORS
Amounts falling due within one year 8 308,900 572,840
NET CURRENT ASSETS 457,015 342,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,137

471,521

CREDITORS
Amounts falling due after more than one
year

9

(23,163

)

(18,149

)

PROVISIONS FOR LIABILITIES (10,972 ) (8,940 )
NET ASSETS 528,002 444,432

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 528,000 444,430
528,002 444,432

Environmental Instruments Limited (Registered number: 02741424)

Balance Sheet - continued
31 December 2023


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 11 April 2024 and were signed on its behalf by:





Mrs A L Billingsley - Director


Environmental Instruments Limited (Registered number: 02741424)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Environmental Instruments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual Property are being amortised evenly over their estimated useful life of ten years.

Licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Environmental Instruments Limited (Registered number: 02741424)

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

3. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1 216,150 216,151
AMORTISATION
At 1 January 2023 1 124,305 124,306
Charge for year - 30,615 30,615
At 31 December 2023 1 154,920 154,921
NET BOOK VALUE
At 31 December 2023 - 61,230 61,230
At 31 December 2022 - 91,845 91,845

Environmental Instruments Limited (Registered number: 02741424)

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

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 327,882 36,053 363,935
Additions 32,336 2,274 34,610
At 31 December 2023 360,218 38,327 398,545
DEPRECIATION
At 1 January 2023 295,799 30,887 326,686
Charge for year 24,374 3,593 27,967
At 31 December 2023 320,173 34,480 354,653
NET BOOK VALUE
At 31 December 2023 40,045 3,847 43,892
At 31 December 2022 32,083 5,166 37,249

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 204,956 346,197
Amounts owed by group undertakings 7,240 20,257
Other debtors 40,431 63,989
252,627 430,443

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 94,587 59,279
Amounts owed to group undertakings - 315,451
Taxation and social security 28,962 18,892
Other creditors 185,351 179,218
308,900 572,840

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Other creditors 23,163 18,149

Environmental Instruments Limited (Registered number: 02741424)

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

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 4,975 4,975

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Edward Grenfell James (Senior Statutory Auditor)
for and on behalf of Grenfell James Audit LLP, Statutory Auditor

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ecotec International Holdings, LLC.

Incorporated in United States of America.