Acorah Software Products - Accounts Production 15.0.600 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07071550 Mr Craig Nicklin Mr Kevin Nicklin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07071550 2023-07-31 07071550 2024-07-31 07071550 2023-08-01 2024-07-31 07071550 frs-core:CurrentFinancialInstruments 2024-07-31 07071550 frs-core:Non-currentFinancialInstruments 2024-07-31 07071550 frs-core:BetweenOneFiveYears 2024-07-31 07071550 frs-core:ComputerEquipment 2024-07-31 07071550 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07071550 frs-core:ComputerEquipment 2023-07-31 07071550 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 07071550 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 07071550 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 07071550 frs-core:MotorVehicles 2024-07-31 07071550 frs-core:MotorVehicles 2023-08-01 2024-07-31 07071550 frs-core:MotorVehicles 2023-07-31 07071550 frs-core:PlantMachinery 2024-07-31 07071550 frs-core:PlantMachinery 2023-08-01 2024-07-31 07071550 frs-core:PlantMachinery 2023-07-31 07071550 frs-core:WithinOneYear 2024-07-31 07071550 frs-core:ShareCapital 2024-07-31 07071550 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07071550 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07071550 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07071550 frs-bus:SmallEntities 2023-08-01 2024-07-31 07071550 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07071550 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07071550 frs-bus:Director1 2023-08-01 2024-07-31 07071550 frs-bus:Director2 2023-08-01 2024-07-31 07071550 frs-countries:EnglandWales 2023-08-01 2024-07-31 07071550 2022-07-31 07071550 2023-07-31 07071550 2022-08-01 2023-07-31 07071550 frs-core:CurrentFinancialInstruments 2023-07-31 07071550 frs-core:Non-currentFinancialInstruments 2023-07-31 07071550 frs-core:BetweenOneFiveYears 2023-07-31 07071550 frs-core:WithinOneYear 2023-07-31 07071550 frs-core:ShareCapital 2023-07-31 07071550 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07071550
Environmental Solutions Midlands Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07071550
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,977 32,202
24,977 32,202
CURRENT ASSETS
Stocks 5 1,300 3,108
Debtors 6 425,900 382,382
Cash at bank and in hand 3,205 17,278
430,405 402,768
Creditors: Amounts Falling Due Within One Year 7 (404,843 ) (396,005 )
NET CURRENT ASSETS (LIABILITIES) 25,562 6,763
TOTAL ASSETS LESS CURRENT LIABILITIES 50,539 38,965
Creditors: Amounts Falling Due After More Than One Year 8 (13,205 ) (92,345 )
NET ASSETS/(LIABILITIES) 37,334 (53,380 )
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 37,331 (53,383 )
SHAREHOLDERS' FUNDS 37,334 (53,380)
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Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Craig Nicklin
Director
Mr Kevin Nicklin
Director
25 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Environmental Solutions Midlands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07071550 . The registered office is Compton Wharf, Bridgnorth Road, Compton, WV6 8AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5 Years on cost
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33.3% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 22)
22 22
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 30,000 8,422 41,315 5,675 85,412
Additions - 2,826 - 1,215 4,041
As at 31 July 2024 30,000 11,248 41,315 6,890 89,453
Depreciation
As at 1 August 2023 12,000 2,106 34,687 4,417 53,210
Provided during the period 6,000 2,812 1,657 797 11,266
As at 31 July 2024 18,000 4,918 36,344 5,214 64,476
Net Book Value
As at 31 July 2024 12,000 6,330 4,971 1,676 24,977
As at 1 August 2023 18,000 6,316 6,628 1,258 32,202
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5. Stocks
2024 2023
£ £
Stock 1,300 3,108
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 343,691 240,896
Prepayments and accrued income 8,975 4,442
Other debtors 73,234 126,652
VAT - 10,392
425,900 382,382
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 127,704 82,381
Corporation tax 32,610 12,355
Other taxes and social security 18,258 30,332
VAT 20,511 -
Net wages 42,480 44,267
Other creditors 111,170 188,265
Accruals and deferred income 41,575 18,396
Directors' loan accounts 10,535 20,009
404,843 396,005
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 13,205 92,345
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Other Creditors 17,786 92,508
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 19,608 19,608
Later than one year and not later than five years 24,510 44,118
44,118 63,726
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