Company Registration No. SC351550 (Scotland)
Environmental Dust Solutions Limited
Unaudited accounts
for the year ended 31 October 2024
Environmental Dust Solutions Limited
Unaudited accounts
Contents
Environmental Dust Solutions Limited
Company Information
for the year ended 31 October 2024
Director
Graeme Jason Hardacre
Secretary
Graeme Jason Hardacre
Company Number
SC351550 (Scotland)
Registered Office
Unit 1
Main Street
Cowie
FK7 7BN
United Kingdom
Accountants
Armet Accounting Ltd
Room 31
Haypark Business Centre
Polmont
FK2 0NZ
Environmental Dust Solutions Limited
Statement of financial position
as at 31 October 2024
Tangible assets
99,499
145,212
Inventories
108,920
130,609
Cash at bank and in hand
131,030
43,981
Creditors: amounts falling due within one year
(444,197)
(175,574)
Net current assets
102,982
152,487
Total assets less current liabilities
202,481
297,699
Creditors: amounts falling due after more than one year
(57,195)
(146,454)
Provisions for liabilities
Deferred tax
(19,373)
(21,834)
Other provisions
(28,951)
-
Called up share capital
1
1
Profit and loss account
96,961
129,410
Shareholders' funds
96,962
129,411
For the year ending 31 October 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2025 and were signed on its behalf by
Graeme Jason Hardacre
Director
Company Registration No. SC351550
Environmental Dust Solutions Limited
Notes to the Accounts
for the year ended 31 October 2024
Environmental Dust Solutions Limited is a private company, limited by shares, registered in Scotland, registration number SC351550. The registered office is Unit 1, Main Street, Cowie, FK7 7BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered .
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Environmental Dust Solutions Limited
Notes to the Accounts
for the year ended 31 October 2024
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
Environmental Dust Solutions Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2023
168,825
139,255
308,080
Disposals
-
(17,420)
(17,420)
At 31 October 2024
176,524
121,835
298,359
At 1 November 2023
110,045
52,823
162,868
Charge for the year
22,413
18,478
40,891
On disposals
-
(4,899)
(4,899)
At 31 October 2024
132,458
66,402
198,860
At 31 October 2024
44,066
55,433
99,499
At 31 October 2023
58,780
86,432
145,212
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
29,966
57,480
Amounts falling due within one year
Trade debtors
259,999
128,444
Accrued income and prepayments
13,613
7,159
Other debtors
33,617
17,868
Environmental Dust Solutions Limited
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
69,292
70,476
Obligations under finance leases and hire purchase contracts
10,153
15,281
Trade creditors
137,640
31,769
Taxes and social security
18,357
20,637
Other creditors
32,579
2,474
Deferred income
71,708
3,758
Creditors due within one year include hire purchase liabilities of £10,153 (2023: 15,281) which are secured on the assets concerned. Bank loans have been arranged under the Coronavirus Business Interruption Loan Scheme.
As at 31 October 2024, the company had entered into two contracts with an option to purchase Euros at an agreed rate after the year end. These options have been measured at fair value by comparing the contracted exchange rate to the expected rate at the option date. The resulting difference has been included directly in the income statement.
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
19,813
40,536
Aggregate of amounts that fall due for payment after five years
-
5,547
Creditors due after one year includes hire purchase liabilities of £19,813 (202: £40,536), which are secured on the assets concerned. Bank loans have been arranged under the Coronavirus Business Interruption Loan Scheme.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Operating lease commitments
2024
2023
At 31 October 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,800
5,072
Later than one year and not later than five years
-
3,667
Environmental Dust Solutions Limited
Notes to the Accounts
for the year ended 31 October 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Repayable on demand
17,518
64,393
46,590
35,321
17,518
64,393
46,590
35,321
As at 31 October 2023, the director owes the company £35,321 (2022: £17,518). There are no specific terms for repayment and the loan was repaid in full by the director after the year end. Interest has been charged at a rate of 2.25% on this advance.
11
Average number of employees
During the year the average number of employees was 6 (2023: 8).