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Company Registration No. SC409667 (Scotland)
Earth Tech LPS Ltd Unaudited accounts for the year ended 31 October 2024
Earth Tech LPS Ltd Unaudited accounts Contents
Page
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Earth Tech LPS Ltd Company Information for the year ended 31 October 2024
Directors
Lee Hirst Martin Innes
Company Number
SC409667 (Scotland)
Registered Office
Unit 6 101 High Street Bonnyrigg Midlothian EH19 2ET Scotland
Accountants
DC Accountancy Services (Edinburgh) Ltd 105 Forrest Place Armadale West Lothian EH48 2GZ
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Earth Tech LPS Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,715 
3,862 
Current assets
Inventories
12,000 
- 
Debtors
199,175 
126,083 
Cash at bank and in hand
850,935 
741,844 
1,062,110 
867,927 
Creditors: amounts falling due within one year
(194,833)
(131,817)
Net current assets
867,277 
736,110 
Total assets less current liabilities
908,992 
739,972 
Creditors: amounts falling due after more than one year
(148,507)
(217,140)
Provisions for liabilities
Deferred tax
(10,429)
- 
Net assets
750,056 
522,832 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
750,052 
522,828 
Shareholders' funds
750,056 
522,832 
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 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 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 of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by
Lee Hirst Director Company Registration No. SC409667
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Earth Tech LPS Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Earth Tech LPS Ltd is a private company, limited by shares, registered in Scotland, registration number SC409667. The registered office is Unit 6, 101 High Street, Bonnyrigg, Midlothian, EH19 2ET, Scotland.
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.
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% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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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Earth Tech LPS Ltd Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
10,000 
At 31 October 2024
10,000 
Amortisation
At 1 November 2023
10,000 
At 31 October 2024
10,000 
Net book value
At 31 October 2024
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
31,360 
30,095 
61,455 
Additions
47,659 
4,251 
51,910 
Disposals
(31,360)
- 
(31,360)
At 31 October 2024
47,659 
34,346 
82,005 
Depreciation
At 1 November 2023
31,360 
26,233 
57,593 
Charge for the year
11,915 
2,142 
14,057 
On disposals
(31,360)
- 
(31,360)
At 31 October 2024
11,915 
28,375 
40,290 
Net book value
At 31 October 2024
35,744 
5,971 
41,715 
At 31 October 2023
- 
3,862 
3,862 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
199,175 
125,583 
Other debtors
- 
500 
199,175 
126,083 
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Earth Tech LPS Ltd Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
38,773 
34,263 
Obligations under finance leases and hire purchase contracts
5,061 
- 
Trade creditors
24,200 
3,534 
Taxes and social security
115,760 
83,121 
Other creditors
391 
- 
Accruals
648 
899 
194,833 
131,817 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,497 
19,246 
Obligations under finance leases and hire purchase contracts
13,917 
- 
Loans from directors
125,093 
96,907 
Accruals
- 
100,987 
148,507 
217,140 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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