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Registered number: 09102431
















THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED




ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024


































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THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
COMPANY INFORMATION


Directors
Andrew Crutchley 
Gerard Dore 
Peter Gardner (appointed 28 June 2023) 
Katherine Henson (appointed 28 June 2023)
Timothy Knowles 
David Lewis 
Fiona Mckenzie 
Charles Mylchreest 
Benjamin Rosedale 
Tom Wigglesworth 




Company secretary
Tim Knowles



Registered number
09102431



Registered office
Quarry Barn
Elkstone

Gloucestershire

GL53 9PQ




Independent auditors
Bishop Fleming LLP
Chartered Accountants & Statutory Auditors

10 North Place

Cheltenham

GL50 4DW






THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED


CONTENTS



Page
Strategic Report
1 - 3
Directors' Report
4 - 6
Independent Auditors' Report
7 - 11
Income Statement
12
Statement of Financial Position
13
Statement of Changes in Equity
14 - 15
Statement of Cash Flows
16
Analysis of Net Debt
17
Notes to the Financial Statements
18 - 28



THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2024

Introduction
 
The Environmental Dimension Partnership Ltd (EDP) continues to deliver coordinated, commercially aware and cost-effective environmental planning and design solutions to our UK planning and land management clients. We pride ourselves on our multi-disciplinary knowledge and approach as well as being experts in our individual disciplines. We take a broad view, as well as a detailed one – coordinating findings and working together to design solutions that respond to all aspects of the site and wider environment.
Our very high level of repeat business demonstrates the strong relationships we have built with our clients to become trusted advisors providing reliable advice to deliver their project aims.
EDP’s core areas of operation are Arboriculture, Archaeology & Heritage, Ecology & Biodiversity, Landscape Planning & Design and Masterplanning & Urban Design. We also have very capable and dedicated Project and Business Support teams who play a vital role in the day-to-day operations of EDP.
Our purpose is to deliver positive change for people and the planet. We understand the multi-dimensional value of land and put successful outcomes at the heart of everything we do. We go the extra mile – for our clients and each other, for the environment, and for the communities we affect. Our team succeeds because of synergy – we are better together.
This is the EDP Way: working effectively, working together and delivering optimum value for all.
Our purpose gives rise to our values which first and foremost mean that we aim to be a fair and caring employer. We recognise that we’re responsible for our team – for their livelihoods, their safety, their career development and their wellbeing.
Our values:
We are team first. We’re a community, caring, collaborative and better together. We become our client’s team, adopting their goals and succeeding together.
We change the world. We’re passionate about improving development and our business to make a positive difference.
We bring success. Our strength lies in our collective expertise and we relish the challenge to resolve the tension between development and the environment to deliver better value for all.
We make memories. We love what we do, our passion and the people we work with create a memorable career. The happier we are, the better we are.

Page 1


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED


STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024

Business review
 
Despite the ‘mini-recession’, EDP has had another strong year with turnover growth of over 5%. Our principal market remains in housebuilding, however we have also seen growth in the energy sector (renewables and grid connections) as well as commercial and private clients.
As inflationary pressures began to ease towards the end of the financial year, we were already seeing an uplift in quoting and instructions from clients. We expect this to continue as the economy moves into positive territory and market confidence returns. The change of government is also increasing the focus on development as a means of driving the economy. Whilst the implications of the new government on planning is still unknown, we expect that the demand for our services will remain strong.
Operational Review
We continue to place significant importance on maintaining and building client relationships to be their trusted expert and add value to their projects. We will continue to work closely with them to ensure that they receive the most pragmatic and commercially aware planning advice. 
Financial Review
Revenue grew by 5.3% for the year-ending 31 May 2024. Residential-led projects continue to account for approximately two thirds of our business, but we have also seen a resurgence in renewable energy projects which now account for 12% of our revenue (having been practically zero just 5 years ago). 
The ‘mini-recession’ saw a temporary reduction in confidence from some of our clients. This coincided (and was related to) a small reduction in efficiency during the same period affecting our gross margin (although this did vary between and within different teams). Workloads and efficiencies were already increasing towards the end of the year and we expect this to continue into 2024/25.
Overheads continue to be well controlled. Nearly half of these costs are employee-related (support team salaries, pensions, healthcare etc.) and the remainder is relatively fixed (e.g. rents / rates / insurances etc.). With our move to a more flexible way of working, all of our offices have now been down-sized which will yield further overhead savings in the coming year.
EDP continues to be proudly owner-managed and has zero external debt. We continue to have a strong balance sheet and ensure ample cash is retained in the business to support ongoing operations and investment.

Page 2


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED


STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024

Principal risks and uncertainties
 
EDP’s strategy is subject to a number of risks and uncertainties. These are largely monitored and managed by the Management Board with the assistance of the KSIs as set out above.
Like most businesses, EDP is subject to the trends of the wider economy and specifically the development sector. This sector has the potential to be more volatile than other areas of the economy and has recently been affected by inflation and high interest rates (mortgage rates). Inflation is now around expected levels and interest rates are starting to reduce. This is bringing stability to the sector which is coming through in an increase in fee requests from our clients.
The change of government in July 2024 has introduced a degree of uncertainty to the planning system (for example references to developing the ‘grey belt’), but has also improved optimism amongst clients creating opportunities to push forward projects that had otherwise been stalled or on the back-burner in the run up to the General Election. The new administration is promoting development as one of the growth drivers of the economy and EDP is adept at keeping up with changes in the planning system and advising clients how and when to act accordingly.
With an expected uptick in work, EDP will need to ensure that we continue to attract and retain the best employees. We’ll continue to offer an attractive salary and benefits package, invest in training and seek engagement and feedback from the team. We have also identified strategic projects which will ensure that we are well placed to maintain our position as one of the best employers in our sector.
Financial risk is mitigated by having no external debt and maintaining a long term cash flow forecast. Workloads are also reviewed at each monthly Management Board meeting to ensure that the pipeline of work is maintained.

Key performance indicators
 
EDP’s Management Board prepares 12 financial and non-financial Key Performance Indicators (although we refer to them as Key Success Indicators, KSIs). The KSIs map into 8 business areas which are monitored on a traffic light basis. It is the responsibility of the KSI owner to report on any ‘amber’ or ‘red’ KSIs and provide a plan to the Management Board for their resolution. The Chair of the Management Board reports on any exceptions to the KSIs to the Strategy Board at each meeting (approximately quarterly).
The 8 business areas monitored are as follows:
Team - Capability
Team - Engagement
Financial - Managed Growth
Financial - Profitable Growth
Client - Loyalty
Client - Satisfaction
IT
Quality and Health & Safety (compliance)


This report was approved by the board on 17 October 2024 and signed on its behalf.



Timothy Knowles
Director

Page 3


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £382,795 (2023: £1,489,723).

Dividends of £261,531 (2023: £1,283,029) were declared and paid in the year. All dividends were paid to directors of the company.

Directors

The directors who served during the year were:

Andrew Crutchley 
Gerard Dore 
Peter Gardner (appointed 28 June 2023)
Katherine Henson (appointed 28 June 2023)
Timothy Knowles 
David Lewis 
Fiona Mckenzie 
Charles Mylchreest 
Benjamin Rosedale 
Tom Wigglesworth 

Page 4


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024

Principal risks and uncertainties

Future developments

One of EDP’s strategic objectives focuses on our journey to net zero and thus to reduce our emissions by 90% by 2040. We have already made great progress on this journey by working with our landlords to ensure our offices are on renewable energy tariffs, promoting and incentivising car sharing, improving our recycling, ensuring our product choices are more sustainable and introducing an electric vehicle (EV) car scheme. We also continue to offset the carbon produced not only by the company, but also by the whole team.
We have also continued with our volunteering efforts by having another beach clean day at Berrow Beach near Burnham on Sea.

Engagement with employees

Our team are the lifeblood of the business. We want our team members to love their time at EDP, to grow as professionals and find that perfect balance between their lives and their careers. We want them to be their best, to do their best, and to make wonderful memories during their time with us.
We champion community by operating in a way that’s always Team First… whether we’re collaborating to solve complex challenges or cementing our working relationships on one of our great team building events.
Our fully flexible approach to working as well as competitive salaries and exceptional range of benefits ensures that we have very low employee turnover. The EDP Management Team work very hard to encourage feedback from the team (good and bad). We have a monthly ‘pulse’ survey which provides a snapshot of how the team are feeling and allows for anonymous feedback . Our 2024 annual employee engagement survey provided a more in depth review including more detailed feedback. This demonstrated that 100% of the team who completed the survey said that they were proud to work for EDP.
We place a lot of importance on training  the team including our ‘EDP Knowhow’ programme which focuses on developing the expertise of the team to become better all-round consultants.

Matters covered in the Strategic Report

There are a number of matters which have been covered in the strategic report including the company overview, market overview, key performance indicators and principal risks and uncertainties.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditorsBishop Fleming LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 5


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
This report was approved by the board and signed on its behalf.
 






Timothy Knowles
Director

Date: 17 October 2024

Quarry Barn
Elkstone
Gloucestershire
GL53 9PQ

Page 6


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
Opinion


We have audited the financial statements of The Environmental Dimension Partnership Limited (the 'Company') for the year ended 31 May 2024, which comprise the Income Statement, the Statement of Financial Position, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 May 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 7


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 8


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
considering the nature of the entity and its environment, internal control environment, and business performance.
considering the results of our enquiries of management about their own identification and assessment of the risk of irregularities.
obtaining and reviewing, for any matters identified, the Company’s documentation of their policies and procedures relating to:
°the identification, evaluation, and compliance with laws and regulations, and whether management were aware of any instances of non-compliance within the year
°the detection and response to the risk of fraud, and whether management have knowledge of actual, suspected, or alleged fraud; and
°the internal controls established to mitigate the risks of fraud or non-compliance with laws and regulations.
discussing amongst the audit engagement team, including internal tax specialists, regarding how and where fraud might occur in the financial statements and potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the completeness of revenue recognition and management override of controls. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to these identified risks.
We have obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.
We considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company’s ability to operate or to avoid a material penalty. These included data protection regulations, health and safety regulations, and employment legislation.







 
Page 9


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED (CONTINUED)

Audit response to risks identified
Our procedures to respond to risks identified included the following:
 
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements.
enquiring of management concerning actual and potential litigation claims.
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement or fraud.
reading minutes of board meetings throughout the year.
in addressing the risk of fraud through management override of controls:
°testing the appropriateness of journal entries and other adjustments.
°assessing whether the judgments made in making accounting estimates are indicative of a potential bias.
°evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 10


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED (CONTINUED)

Other matters 
 

The comparative figures within these financial statements have not been audited, as the company took advantage of the exemptio under s477 of the Companies Act 2006.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.






David Butler FCA DChA (Senior Statutory Auditor)
for and on behalf of
Bishop Fleming LLP
Chartered Accountants
Statutory Auditors
10 North Place
Cheltenham
GL50 4DW

17 October 2024
Page 11


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MAY 2024

2024
2023
Note
£
£

  

Turnover
 4 
10,907,587
10,366,338

Cost of sales
  
(7,369,074)
(5,959,666)

Gross profit
  
3,538,513
4,406,672

Distribution costs
  
(1,724)
(1,237)

Administrative expenses
  
(2,993,835)
(2,617,157)

Operating profit
 5 
542,954
1,788,278

Interest receivable and similar income
 9 
12,570
1,259

Interest payable and similar expenses
 10 
(29,838)
(39,407)

Profit before tax
  
525,686
1,750,130

Tax on profit
 11 
(142,891)
(260,407)

Profit for the financial year
  
382,795
1,489,723

There are no items of other comprehensive income for 2024 or 2023 other than the profit for the year.

The notes on pages 18 to 28 form part of these financial statements.

Page 12


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED
REGISTERED NUMBER:09102431

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 12 
205,539
188,465

  
205,539
188,465

Current assets
  

Debtors: amounts falling due within one year
 13 
4,159,287
3,718,969

Cash at bank and in hand
 14 
1,353,827
1,365,635

  
5,513,114
5,084,604

Creditors: amounts falling due within one year
 15 
(2,188,787)
(1,864,467)

Net current assets
  
3,324,327
3,220,137

Total assets less current liabilities
  
3,529,866
3,408,602

  

Net assets
  
3,529,866
3,408,602


Capital and reserves
  

Called up share capital 
 17 
1,000
1,000

Other reserves
 18 
210,933
210,933

Profit and loss account
 18 
3,317,933
3,196,669

  
3,529,866
3,408,602


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Timothy Knowles
Director

Date: 17 October 2024

The notes on pages 18 to 28 form part of these financial statements.

Page 13


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 June 2023
1,000
210,933
3,196,669
3,408,602


Comprehensive income for the year

Profit for the year
-
-
382,795
382,795
Total comprehensive income for the year
-
-
382,795
382,795


Contributions by and distributions to owners

Equity dividends paid
-
-
(261,531)
(261,531)


Total transactions with owners
-
-
(261,531)
(261,531)


At 31 May 2024
1,000
210,933
3,317,933
3,529,866


The notes on pages 18 to 28 form part of these financial statements.

Page 14


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 June 2022
1,000
210,933
2,779,042
2,990,975


Comprehensive income for the year

Profit for the year
-
-
1,489,723
1,489,723
Total comprehensive income for the year
-
-
1,489,723
1,489,723


Contributions by and distributions to owners

Equity dividends paid
-
-
(1,072,096)
(1,072,096)


Total transactions with owners
-
-
(1,072,096)
(1,072,096)


At 31 May 2023
1,000
210,933
3,196,669
3,408,602


The notes on pages 18 to 28 form part of these financial statements.

Page 15


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED


STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
382,795
1,489,723

Adjustments for:

Depreciation of tangible assets
113,448
45,772

Loss on disposal of tangible assets
1,724
-

Interest paid
29,838
39,407

Interest received
(12,570)
(1,235)

Taxation charge
142,891
260,409

(Increase) in debtors
(421,392)
(57,963)

Increase in creditors
422,029
99,189

Corporation tax (paid)
(259,526)
-

Net cash generated from operating activities

399,237
1,875,302


Cash flows from investing activities

Purchase of tangible fixed assets
(132,246)
(379,298)

Interest received
12,570
-

Net cash from investing activities

(119,676)
(379,298)

Cash flows from financing activities

Dividends paid
(261,531)
(1,283,029)

Interest paid
(29,838)
-

Net cash used in financing activities
(291,369)
(1,283,029)

Net (decrease)/increase in cash and cash equivalents
(11,808)
212,975

Cash and cash equivalents at beginning of year
1,365,635
1,152,660

Cash and cash equivalents at the end of year
1,353,827
1,365,635


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
1,353,827
1,365,635

1,353,827
1,365,635


The notes on pages 18 to 28 form part of these financial statements.

Page 16


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED


ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 MAY 2024




At 1 June 2023
Cash flows
At 31 May 2024
£

£

£

Cash at bank and in hand

1,365,635

(11,808)

1,353,827



1,365,635
(11,808)
1,353,827

The notes on pages 18 to 28 form part of these financial statements.

Page 17


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Environmental Dimension Partnership Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registered office is Quarry Barn, Elkstone Studios, Elkstone, GL53 9PQ, England, United Kingdom.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have reviewed budgets and forecasts for a period of 12 months from approval of the financial statements, considering this and the profits generated by the company, as well as adequate resources, the directors are confident they are able to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 18


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 19


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 - 5 years straight line
Computer equipment
-
2 years straight line
Leasehold improvements
-
depreciated over the life of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Amounts recoverable on contracts relates to employee time and expenses which have been accrued at year end and will be recovered upon invoicing customers after the year end.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 20


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and 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 Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision and future periods if the revision affects both current and future periods. 
The following are the critical judgments and key sources of estimation uncertainty that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. 
Valuation of work In progress
Management have made judgements and assumptions when assessing the carrying value of work in progress. At each balance sheet date, work in progress is reviewed for recoverability. If work in progress is unlikely to be recovered, the carrying value is reduced. The provision is based upon the probability of recoverability using management's knowledge and experience with the customer, the individual project and through analysing recoveries on similar projects.

Page 21


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Provision of services
10,907,587
10,366,338

10,907,587
10,366,338


All turnover arose within the United Kingdom.


5.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Operating lease rentals
661,584
564,019


6.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2024
2023
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
15,600
-

7.


Employees

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
6,748,378
5,233,228

Social security costs
690,047
472,253

Cost of defined contribution scheme
582,551
629,686

8,020,976
6,335,167


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employees
137
128

Page 22


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
1,615,661
380,233

Company contributions to defined contribution pension schemes
335,047
410,213

1,950,708
790,446


During the year retirement benefits were accruing to 10 directors (2023: 8) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £242,598 (2023: £154,304).

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £6,668 (2023: £133,204).


9.


Interest receivable

2024
2023
£
£


Interest receivable
12,570
1,259

12,570
1,259


10.


Interest payable and similar expenses

2024
2023
£
£


Interest payable
29,838
39,407

29,838
39,407

Page 23


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Taxation


2024
2023
£
£

CORPORATION TAX


Current tax on profits for the year
161,816
319,777


161,816
319,777


TOTAL CURRENT TAX
161,816
319,777

DEFERRED TAX


Origination and reversal of timing differences
(18,925)
(59,370)

TOTAL DEFERRED TAX
(18,925)
(59,370)


TAX ON PROFIT
142,891
260,407

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25% (2023: 20%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
525,684
1,750,132


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023: 20%)
131,421
350,074

EFFECTS OF:


Fixed asset differences
8,401
(869)

Expenses not deductible for tax purposes
3,069
42,192

Adjustments to tax charge in respect of prior periods
-
(52,735)

Non-taxable income
-
(76,929)

Remeasurement of deferred tax for changes in tax rates
-
(1,326)

TOTAL TAX CHARGE FOR THE YEAR
142,891
260,407

Page 24


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

12.


Tangible fixed assets





Leasehold Improvements
Office equipment
Computer equipment
Total

£
£
£
£



COST OR VALUATION


At 1 June 2023
220,501
290,824
581,671
1,092,996


Additions
66,640
17,970
47,636
132,246


Disposals
(47,828)
(31,453)
(125,785)
(205,066)



At 31 May 2024

239,313
277,341
503,522
1,020,176



DEPRECIATION


At 1 June 2023
121,212
253,471
529,848
904,531


Charge for the year
33,604
26,264
53,580
113,448


Disposals
(47,828)
(29,729)
(125,785)
(203,342)



At 31 May 2024

106,988
250,006
457,643
814,637



NET BOOK VALUE



At 31 May 2024
132,325
27,335
45,879
205,539



At 31 May 2023
99,289
37,353
51,823
188,465


13.


Debtors

As restated
2024
2023
£
£


Trade debtors
2,365,052
2,259,252

Other debtors
109,346
-

Prepayments and accrued income
258,490
230,278

Amounts recoverable on contracts
1,366,149
1,188,115

Deferred taxation
60,250
41,324

4,159,287
3,718,969


Page 25


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

14.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,353,827
1,365,635

1,353,827
1,365,635



15.


Creditors: amounts falling due within 1 year

2024
2023
£
£

Trade creditors
124,020
121,681

Corporation tax
-
97,832

Other taxation and social security
1,080,570
402,426

Other creditors
823,043
1,061,012

Accruals and deferred income
161,154
181,516

2,188,787
1,864,467



16.


Deferred taxation




2024


£






At beginning of year
41,324


Charged to other comprehensive income
18,926



AT END OF YEAR
60,250

2024
2023
£
£


Accelerated capital allowances
60,250
41,324

60,250
41,324

Page 26


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

17.


Share capital

2024
2023
£
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID



167 (2023: 168) Ordinary B shares of £1.00 each
167
168
178 (2023: 178) Ordinary C shares of £1.00 each
178
178
156 (2023: 156) Ordinary D shares of £1.00 each
156
156
150 (2023: 150) Ordinary E shares of £1.00 each
150
150
149 (2023: 150) Ordinary F shares of £1.00 each
149
150
66 (2023: 66) Ordinary G shares of £1.00 each
66
66
66 (2023: 66) Ordinary H shares of £1.00 each
66
66
66 (2023: 66) Ordinary I shares of £1.00 each
66
66
1 (2023: 0) Ordinary N share of £1.00each
1
-
1 (2023: 0) Ordinary M share of £1.00each
1
-

1,000

1,000



18.


Reserves

Share based payments

The company has a share option scheme in place for some directors. There are 250 options which have been awarded to 5 directors. Options are exercisable at a price of £4,268.75 per share. The vesting period is usually eighteen months to three years. The options are settled in equity once exercised.
If the options remain unexercised after a specified period from the date of grant, the options expire. Options are forfeited if the employee leaves the company before the options vest.
No options were exercised during the year.

Profit and loss account

This reserve includes all current and prior period retained profits and losses.


19.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £582,511 (2023: £629,686). Contributions totaling £47,112 (2023: £40,668) were payable to the fund at the reporting date and are included in creditors.

Page 27


THE ENVIRONMENTAL DIMENSION PARTNERSHIP LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

20.


Commitments under operating leases

At 31 May 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
332,428
355,440

Later than 1 year and not later than 5 years
329,155
208,579

661,583
564,019


21.


Related party transactions

Transactions with the entity's directors


2024
2023
£
£

Dividends paid to directors
261,531
1,283,029

At the balance sheet date, the company had loans due to its directors totalling £282,170 (2023: £381,292). Interest accrued at 6% above the Bank of England base rate, totalling £29,838 (2023: £39,407). The loans are wholly payable within one year.
During the year, amounts were advanced to directors with the maximum amount outstanding to a single director being £453 (2023: £14,232). Interest accrued at 2%/2.25% on overdrawn amounts and at the year end £Nil (2023: £24) was outstanding to the company, fully repaid within 9 months.
The document was delivered using electronic communications and authenticated in accordance with the registrar's riles relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.

 
Page 28