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Company Registration No. 07392583 (England and Wales)
Cyclops Environmental Solutions Ltd Unaudited accounts for the year ended 30 September 2024
Cyclops Environmental Solutions Ltd Unaudited accounts Contents
Page
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Cyclops Environmental Solutions Ltd Company Information for the year ended 30 September 2024
Director
Paul Crofts
Company Number
07392583 (England and Wales)
Registered Office
81 Penny Meadow Ashton-under-Lyne OL6 6EL
Accountants
Foster Barlow Limited 81 Penny Meadow Ashton under Lyne Lancashire OL6 6EL
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Cyclops Environmental Solutions Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
158,978 
144,664 
Current assets
Debtors
27,068 
53,344 
Cash at bank and in hand
25,239 
44,197 
52,307 
97,541 
Creditors: amounts falling due within one year
(100,685)
(94,048)
Net current (liabilities)/assets
(48,378)
3,493 
Total assets less current liabilities
110,600 
148,157 
Creditors: amounts falling due after more than one year
(68,042)
- 
Provisions for liabilities
Deferred tax
(20,273)
(25,741)
Net assets
22,285 
122,416 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,185 
122,316 
Shareholders' funds
22,285 
122,416 
For the 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. 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 14 May 2025 and were signed on its behalf by
Paul Crofts Director Company Registration No. 07392583
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Cyclops Environmental Solutions Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Cyclops Environmental Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07392583. The registered office is 81 Penny Meadow, Ashton-under-Lyne, OL6 6EL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Deferred taxation
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.
Leased assets
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.
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Cyclops Environmental Solutions Ltd Notes to the Accounts for the year ended 30 September 2024
Pension costs
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
284,526 
304,635 
589,161 
Additions
84,950 
10,833 
95,783 
Disposals
(40,028)
(88,750)
(128,778)
At 30 September 2024
329,448 
226,718 
556,166 
Depreciation
At 1 October 2023
211,196 
233,301 
444,497 
Charge for the year
30,582 
9,163 
39,745 
On disposals
(34,656)
(52,398)
(87,054)
At 30 September 2024
207,122 
190,066 
397,188 
Net book value
At 30 September 2024
122,326 
36,652 
158,978 
At 30 September 2023
73,330 
71,334 
144,664 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
67,960 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,792 
- 
Trade debtors
11,700 
53,344 
Other debtors
8,576 
- 
27,068 
53,344 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
23,659 
- 
Trade creditors
15,375 
115 
Taxes and social security
6,455 
42,987 
Other creditors
409 
372 
Loans from directors
53,137 
48,924 
Accruals
1,650 
1,650 
100,685 
94,048 
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Cyclops Environmental Solutions Ltd Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
68,042 
- 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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