Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 7 July 2025 1 January 2024 31 December 2024 31 December 2024 02741424 Mr C D Cummins Mr S Earp Mr R Sidor Ecotec International Holdings, LLC true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02741424 2023-12-31 02741424 2024-12-31 02741424 2024-01-01 2024-12-31 02741424 frs-core:CurrentFinancialInstruments 2024-12-31 02741424 frs-core:Non-currentFinancialInstruments 2024-12-31 02741424 frs-core:ComputerEquipment 2024-12-31 02741424 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02741424 frs-core:ComputerEquipment 2023-12-31 02741424 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 02741424 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 02741424 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 02741424 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 02741424 frs-core:NetGoodwill 2024-12-31 02741424 frs-core:NetGoodwill 2024-01-01 2024-12-31 02741424 frs-core:NetGoodwill 2023-12-31 02741424 frs-core:OtherResidualIntangibleAssets 2024-12-31 02741424 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 02741424 frs-core:OtherResidualIntangibleAssets 2023-12-31 02741424 frs-core:PlantMachinery 2024-12-31 02741424 frs-core:PlantMachinery 2024-01-01 2024-12-31 02741424 frs-core:PlantMachinery 2023-12-31 02741424 frs-core:ShareCapital 2024-12-31 02741424 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02741424 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02741424 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02741424 frs-bus:SmallEntities 2024-01-01 2024-12-31 02741424 frs-bus:Audited 2024-01-01 2024-12-31 02741424 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02741424 1 2024-01-01 2024-12-31 02741424 frs-bus:Director1 2024-01-01 2024-12-31 02741424 frs-bus:Director2 2024-01-01 2024-12-31 02741424 frs-bus:Director3 2024-01-01 2024-12-31 02741424 frs-countries:EnglandWales 2024-01-01 2024-12-31 02741424 2022-12-31 02741424 2023-12-31 02741424 2023-01-01 2023-12-31 02741424 frs-core:CurrentFinancialInstruments 2023-12-31 02741424 frs-core:Non-currentFinancialInstruments 2023-12-31 02741424 frs-core:ShareCapital 2023-12-31 02741424 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02741424
Environmental Instruments Limited
Financial Statements
For The Year Ended 31 December 2024
Grenfell James Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 02741424
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,615 61,230
Tangible Assets 5 79,368 43,892
109,983 105,122
CURRENT ASSETS
Stocks 6 307,797 343,977
Debtors 7 267,127 252,627
Cash at bank and in hand 147,486 169,311
722,410 765,915
Creditors: Amounts Falling Due Within One Year 8 (250,342 ) (308,899 )
NET CURRENT ASSETS (LIABILITIES) 472,068 457,016
TOTAL ASSETS LESS CURRENT LIABILITIES 582,051 562,138
Creditors: Amounts Falling Due After More Than One Year 9 (40,241 ) (23,163 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,495 ) (10,972 )
NET ASSETS 514,315 528,003
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 514,313 528,001
SHAREHOLDERS' FUNDS 514,315 528,003
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C D Cummins
Director
07/07/2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Environmental Instruments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02741424 . The registered office is Unit D, Earlplace Business Park, Fletchamstead Highway, Coventry, West Midlands, CV4 9XL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account on a straight-line basis over its useful life.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Licences are amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to £nil on a straight line basis over their expected useful economic life of 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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2.6. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 10 years.
2.7. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Computer Equipment 33% on cost
2.8. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.9. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.10. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.11. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.11. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.12. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.13. Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 13)
15 13
4. Intangible Assets
Goodwill Licences Intellectual Property Total
£ £ £ £
Cost
As at 1 January 2024 1 190,000 26,150 216,151
As at 31 December 2024 1 190,000 26,150 216,151
Amortisation
As at 1 January 2024 1 134,000 20,920 154,921
Provided during the period - 28,000 2,615 30,615
As at 31 December 2024 1 162,000 23,535 185,536
...CONTINUED
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Net Book Value
As at 31 December 2024 - 28,000 2,615 30,615
As at 1 January 2024 - 56,000 5,230 61,230
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 360,218 38,327 398,545
Additions 61,830 1,659 63,489
Disposals (5,397 ) - (5,397 )
As at 31 December 2024 416,651 39,986 456,637
Depreciation
As at 1 January 2024 320,173 34,480 354,653
Provided during the period 24,087 2,512 26,599
Disposals (3,983 ) - (3,983 )
As at 31 December 2024 340,277 36,992 377,269
Net Book Value
As at 31 December 2024 76,374 2,994 79,368
As at 1 January 2024 40,045 3,847 43,892
6. Stocks
2024 2023
£ £
Stock 307,797 343,977
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 193,137 204,956
Amounts owed by group undertakings 51,308 7,240
Other debtors 22,682 40,431
267,127 252,627
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,342 94,586
Other creditors 176,761 185,351
Taxation and social security 19,239 28,962
250,342 308,899
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 40,241 23,163
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
The company's ultimate controlling party is Ecotec International Holdings, LLC
Incorporated in the United States of America.
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13. Leasing Agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024
2023
£
£
Within one year
     4,975
image
     4,975
image
14. Audit Information
The auditor's report on the accounts of Environmental Instruments Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Edward Grenfell James (Senior Statutory Auditor) for and on behalf of Grenfell James Audit LLP , Statutory Auditor.
Grenfell James Audit LLP
13 The Courtyard
Timothy's Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP
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