Discover Environmental Solutions Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05493512

DISCOVER ENVIRONMENTAL SOLUTIONS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 December 2024

DISCOVER ENVIRONMENTAL SOLUTIONS LTD

FINANCIAL STATEMENTS

YEAR ENDED 30 DECEMBER 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

DISCOVER ENVIRONMENTAL SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION

30 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		373		7,389

CURRENT ASSETS

Debtors	6	–	41,442
Cash at bank and in hand		57	13
		-----	---------
		57	41,455

CREDITORS: amounts falling due within one year	7	9,912		8,621
		--------		---------
NET CURRENT (LIABILITIES)/ASSETS			( 9,855)		32,834
			--------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 9,482)		40,223

CREDITORS: amounts falling due after more than one year	8		34,998		39,281

PROVISIONS	9	–	540
		---------	---------
NET (LIABILITIES)/ASSETS		( 44,480)	402
		---------	---------

DISCOVER ENVIRONMENTAL SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 December 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	8,750	8,750
Profit and loss account	( 53,230)	( 8,348)
	---------	--------
SHAREHOLDERS (DEFICIT)/FUNDS	( 44,480)	402
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

Mr M Helstrip
Director

Company registration number: 05493512

DISCOVER ENVIRONMENTAL SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Loftus Hill, Sedbergh, Cumbria, LA10 5RX.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The continuation of the company's activities is dependent on the continuing financial support of the director, bank and other creditors. The director has confirmed that in their opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	33.33% Reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. TANGIBLE ASSETS

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 31 December 2023	21,000	1,998	22,998
Disposals	( 21,000)	–	( 21,000)
	---------	--------	---------
At 30 December 2024	–	1,998	1,998
	---------	--------	---------
Depreciation
At 31 December 2023	14,171	1,438	15,609
Charge for the year	1,707	187	1,894
Disposals	( 15,878)	–	( 15,878)
	---------	--------	---------
At 30 December 2024	–	1,625	1,625
	---------	--------	---------
Carrying amount
At 30 December 2024	–	373	373
	---------	--------	---------
At 30 December 2023	6,829	560	7,389
	---------	--------	---------

6. DEBTORS

	2024	2023
	£	£
Other debtors	–	41,442
	-----	---------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,445	5,551
Accruals and deferred income	319	650
Social security and other taxes	–	199
Director loan accounts	4,148	2,221
	--------	--------
	9,912	8,621
	--------	--------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	34,998	39,281
	---------	---------

9. PROVISIONS

	Deferred tax (note 10)
	£
At 31 December 2023	540
Charge against provision	( 540)
	-----
At 30 December 2024	–
	-----

10. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 9)	–	540
	-----	-----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	–	540
	-----	-----

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.