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Registration number: 02584221

EEP Project Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

EEP Project Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

EEP Project Services Limited

Company Information

Directors

N V Bowater

N M Reynolds

T S Doyle

Company secretary

N V Bowater

Registered office

Environmental Engineering Partnership
The Chapel House
West Wycombe
Buckinghamshire
HP14 3AG

Accountants

Landmark Accountants Limited Leavesden Park
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

Solicitors

Allan Janes LLP
21-23 Easton Street
High Wycombe
Buckinghamshire
HP11 1NU

 

EEP Project Services Limited

(Registration number: 02584221)
Balance Sheet as at 30 September 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

29,663

 

29,710

Current assets

   

 

Debtors

5

636,771

 

393,954

 

Cash at bank and in hand

 

381,586

 

307,023

 

 

1,018,357

 

700,977

 

Creditors: Amounts falling due within one year

6

(395,249)

 

(177,844)

 

Net current assets

   

623,108

 

523,133

Total assets less current liabilities

   

652,771

 

552,843

Provisions for liabilities

 

(7,002)

 

(7,002)

Net assets

   

645,769

 

545,841

Capital and reserves

   

 

Called up share capital

227

 

227

 

Share premium reserve

128,979

 

128,979

 

Capital redemption reserve

348

 

348

 

Retained earnings

516,215

 

416,287

 

Shareholders' funds

   

645,769

 

545,841

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 June 2025 and signed on its behalf by:
 

.........................................
N V Bowater
Company secretary and director

 

EEP Project Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Environmental Engineering Partnership
The Chapel House
West Wycombe
Buckinghamshire
HP14 3AG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been presented in pound sterling and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

EEP Project Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

straight line over ten years

Fixtures, fittings and equipment

straight line over three to ten years

Computer equipment

straight line over three years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

EEP Project Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 17).

 

EEP Project Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Property improvements
£

Fixtures, fittings and equipment
£

Computer equipment
£

Total
£

Cost or valuation

At 1 October 2023

14,370

19,826

110,157

144,353

Additions

5,219

4,554

7,106

16,879

Disposals

(1,802)

(3,142)

(42,513)

(47,457)

At 30 September 2024

17,787

21,238

74,750

113,775

Depreciation

At 1 October 2023

10,268

14,944

89,431

114,643

Charge for the year

1,329

2,355

13,242

16,926

Eliminated on disposal

(1,802)

(3,142)

(42,513)

(47,457)

At 30 September 2024

9,795

14,157

60,160

84,112

Carrying amount

At 30 September 2024

7,992

7,081

14,590

29,663

At 30 September 2023

4,102

4,882

20,726

29,710

5

Debtors

2024
£

2023
£

Trade debtors

555,769

325,652

Prepayments and accrued income

81,002

43,877

Other debtors

-

24,425

 

636,771

393,954

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

9,584

28,069

Taxation and social security

208,123

72,871

Accruals and deferred income

177,542

74,223

Other creditors

-

2,681

395,249

177,844

 

EEP Project Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £27,806 (2023 - £330).