IRIS Accounts Production v24.2.0.383 SC199508 Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1995082022-12-31SC1995082023-12-31SC1995082023-01-012023-12-31SC1995082021-12-31SC1995082022-01-012022-12-31SC1995082022-12-31SC199508ns16:Scotland2023-01-012023-12-31SC199508ns15:PoundSterling2023-01-012023-12-31SC199508ns11:Director12023-01-012023-12-31SC199508ns11:PrivateLimitedCompanyLtd2023-01-012023-12-31SC199508ns11:SmallEntities2023-01-012023-12-31SC199508ns11:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC199508ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC199508ns11:FullAccounts2023-01-012023-12-31SC199508ns11:Director32023-01-012023-12-31SC199508ns11:CompanySecretary12023-01-012023-12-31SC199508ns11:RegisteredOffice2023-01-012023-12-31SC199508ns6:CurrentFinancialInstruments2023-12-31SC199508ns6:CurrentFinancialInstruments2022-12-31SC199508ns6:Non-currentFinancialInstruments2023-12-31SC199508ns6:Non-currentFinancialInstruments2022-12-31SC199508ns6:ShareCapital2023-12-31SC199508ns6:ShareCapital2022-12-31SC199508ns6:CapitalRedemptionReserve2023-12-31SC199508ns6:CapitalRedemptionReserve2022-12-31SC199508ns6:RetainedEarningsAccumulatedLosses2023-12-31SC199508ns6:RetainedEarningsAccumulatedLosses2022-12-31SC199508ns6:OwnedOrFreeholdAssetsns6:LandBuildings2023-01-012023-12-31SC199508ns6:LeaseholdImprovements2023-01-012023-12-31SC199508ns6:PlantMachinery2023-01-012023-12-31SC199508ns6:FurnitureFittings2023-01-012023-12-31SC199508ns6:MotorVehicles2023-01-012023-12-31SC199508ns6:ComputerEquipment2023-01-012023-12-31SC199508ns6:LandBuildings2022-12-31SC199508ns6:LeaseholdImprovements2022-12-31SC199508ns6:PlantMachinery2022-12-31SC199508ns6:LandBuildings2023-01-012023-12-31SC199508ns6:LandBuildings2023-12-31SC199508ns6:LeaseholdImprovements2023-12-31SC199508ns6:PlantMachinery2023-12-31SC199508ns6:LandBuildings2022-12-31SC199508ns6:LeaseholdImprovements2022-12-31SC199508ns6:PlantMachinery2022-12-31SC199508ns6:FurnitureFittings2022-12-31SC199508ns6:MotorVehicles2022-12-31SC199508ns6:ComputerEquipment2022-12-31SC199508ns6:FurnitureFittings2023-12-31SC199508ns6:MotorVehicles2023-12-31SC199508ns6:ComputerEquipment2023-12-31SC199508ns6:FurnitureFittings2022-12-31SC199508ns6:MotorVehicles2022-12-31SC199508ns6:ComputerEquipment2022-12-31SC199508ns6:CostValuation2022-12-31SC199508ns6:DisposalsRepaymentsInvestments2023-12-31SC199508ns6:CostValuation2023-12-31SC199508ns6:WithinOneYearns6:CurrentFinancialInstruments2023-12-31SC199508ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: SC199508 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EDS (HOLDINGS) LTD

EDS (HOLDINGS) LTD (REGISTERED NUMBER: SC199508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDS (HOLDINGS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs M E Slaven
C Carey



SECRETARY: Mrs C Carey



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC199508 (Scotland)



ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: Bank of Scotland
41 Princess Mall
Glasgow
G74 1LB

EDS (HOLDINGS) LTD (REGISTERED NUMBER: SC199508)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416,901 303,024
Investments 5 - 1
416,901 303,025

CURRENT ASSETS
Debtors 6 132,415 205,269
Cash at bank 17,272 124,143
149,687 329,412
CREDITORS
Amounts falling due within one year 7 205,153 212,783
NET CURRENT (LIABILITIES)/ASSETS (55,466 ) 116,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,435

419,654

CREDITORS
Amounts falling due after more than one
year

8

(221,788

)

(278,173

)

PROVISIONS FOR LIABILITIES (25,118 ) (34,442 )
NET ASSETS 114,529 107,039

CAPITAL AND RESERVES
Called up share capital 100 103
Capital redemption reserve 3 -
Retained earnings 114,426 106,936
SHAREHOLDERS' FUNDS 114,529 107,039

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

EDS (HOLDINGS) LTD (REGISTERED NUMBER: SC199508)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mrs M E Slaven - Director


EDS (HOLDINGS) LTD (REGISTERED NUMBER: SC199508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

EDS (Holdings) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on a straight line basis
Improvements to property - 2% on a straight line basis
Plant and machinery - 25% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 25% on a reducing balance basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

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.

EDS (HOLDINGS) LTD (REGISTERED NUMBER: SC199508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Leasing and hire purchase commitments
Assets held under finance leases or hire purchase contracts are capitalised under tangible fixed assets in the balance sheet and depreciated over their useful economic lives. The capital element of the future payments is treated as a liability and the interest element charged to the profit and loss account.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the agreement.


Investments
Fixed asset investments are stated at cost less any amounts written off for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 195,823 51,018 19,973
Additions 219,248 - -
Disposals (106,550 ) - -
At 31 December 2023 308,521 51,018 19,973
DEPRECIATION
At 1 January 2023 64,241 17,345 17,007
Charge for year 6,170 1,020 741
Eliminated on disposal (31,965 ) - -
At 31 December 2023 38,446 18,365 17,748
NET BOOK VALUE
At 31 December 2023 270,075 32,653 2,225
At 31 December 2022 131,582 33,673 2,966

EDS (HOLDINGS) LTD (REGISTERED NUMBER: SC199508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 54,188 266,855 1,737 589,594
Additions - 21,000 - 240,248
Disposals - (15,500 ) - (122,050 )
At 31 December 2023 54,188 272,355 1,737 707,792
DEPRECIATION
At 1 January 2023 53,365 133,395 1,217 286,570
Charge for year 206 36,980 130 45,247
Eliminated on disposal - (8,961 ) - (40,926 )
At 31 December 2023 53,571 161,414 1,347 290,891
NET BOOK VALUE
At 31 December 2023 617 110,941 390 416,901
At 31 December 2022 823 133,460 520 303,024

The net book value of the company's fixed assets includes £110,913 (2022: £126,884) in respect of assets held under finance leases or hire purchase contracts. Depreciation charged on these assets during the year amounted to £36,971 (2022: £44,474).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023 1
Disposals (1 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 115,051 96,400
Other debtors 17,364 108,869
132,415 205,269

EDS (HOLDINGS) LTD (REGISTERED NUMBER: SC199508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,210 32,103
Hire purchase contracts 44,001 39,540
Trade creditors 16,179 16,235
Taxation and social security 91,471 84,249
Other creditors 13,292 40,656
205,153 212,783

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 172,865 205,359
Hire purchase contracts 48,923 72,814
221,788 278,173

9. 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.

The controlling party is Glenfield Property Holdings Ltd.

A company incorporated in Scotland.