EDP Health, Safety and Environment Consultants Limited Small abridged accounts

E.D.P. HEALTH, SAFETY AND ENVIRONMENT CONSULTANTS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of EDP Health, Safety and Environment Consultants Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 03799102

EDP Health, Safety and Environment Consultants Limited

Unaudited Abridged Financial Statements

31 January 2017

SHADDICK SMITH LLP

Chartered accountant

Royal Bank of Scotland Chambers

Market Street

LEIGH

Lancashire

WN7 1ED

EDP Health, Safety and Environment Consultants Limited

Abridged Financial Statements

Year ended 31 January 2017

Contents	Page

Officers and professional advisers	1

Abridged statement of financial position	2

Statement of changes in equity	4

Notes to the abridged financial statements	5

EDP Health, Safety and Environment Consultants Limited

Officers and Professional Advisers

The board of directors	Mr M Haydock
	Mr S R King
	Mr A J Nicholson

Registered office	Suite A2 Rainford Hall
	Crank Road
	Crank
	St Helens
	WA11 7RP

Accountants	SHADDICK SMITH LLP
	Chartered accountant
	Royal Bank of Scotland Chambers
	Market Street
	LEIGH
	Lancashire
	WN7 1ED

Bankers	National Westminster
	5 Ormskirk Street
	ST HELENS
	Merseyside
	WA10 1DR

EDP Health, Safety and Environment Consultants Limited

Abridged Statement of Financial Position

31 January 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	6	7,725	6,980
Investments	7	20,268	20,268
		--------	--------
		27,993	27,248

Current assets

Stocks	54,324	42,544
Debtors	323,644	307,909
Cash at bank and in hand	197,510	98,404
	---------	---------
	575,478	448,857

Creditors: amounts falling due within one year	493,592		406,390
	---------		---------
Net current assets		81,886	42,467
		---------	--------
Total assets less current liabilities		109,879	69,715

Provisions

Taxation including deferred tax	53	53
	---------	--------
Net assets	109,826	69,662
	---------	--------

EDP Health, Safety and Environment Consultants Limited

Abridged Statement of Financial Position (continued)

31 January 2017

	2017		2016
Note	£	£	£

Capital and reserves

Called up share capital	68,000	68,000
Profit and loss account	41,826	1,662
	---------	--------
Member funds	109,826	69,662
	---------	--------

These abridged 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 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 abridged statement of comprehensive income has not been delivered.

For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 28 March 2017 , and are signed on behalf of the board by:

Mr M Haydock

Director

Company registration number: 03799102

EDP Health, Safety and Environment Consultants Limited

Statement of Changes in Equity

Year ended 31 January 2017

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 February 2015	38,000	( 68,895)	( 30,895)

Profit for the year		108,557	108,557
	--------	---------	---------
Total comprehensive income for the year	–	108,557	108,557

Issue of shares	30,000	–	30,000
Dividends paid and payable	–	( 38,000)	( 38,000)
	--------	---------	---------
Total investments by and distributions to owners	30,000	( 38,000)	( 8,000)

At 31 January 2016	68,000	1,662	69,662

Profit for the year		120,164	120,164
	--------	---------	---------
Total comprehensive income for the year	–	120,164	120,164

Dividends paid and payable	–	( 80,000)	( 80,000)
	----	--------	--------
Total investments by and distributions to owners	–	( 80,000)	( 80,000)

	--------	--------	---------
At 31 January 2017	68,000	41,826	109,826
	--------	--------	---------

EDP Health, Safety and Environment Consultants Limited

Notes to the Abridged Financial Statements

Year ended 31 January 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite A2 Rainford Hall, Crank Road, Crank, St Helens, WA11 7RP.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

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

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 February 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 12.

Consolidation

The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income 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:

	Plant & machinery	-	25% - 33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 abridged 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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to 14 (2016: 15).

5. Profit before taxation

Profit before taxation is stated after charging:

	2017	2016
	£	£
Depreciation of tangible assets	3,881	2,707
	-------	-------

6. Tangible assets

	£
Cost
At 1 February 2016	21,538
Additions	4,626
	--------
At 31 January 2017	26,164
	--------
Depreciation
At 1 February 2016	14,558
Charge for the year	3,881
	--------
At 31 January 2017	18,439
	--------
Carrying amount
At 31 January 2017	7,725
	--------
At 31 January 2016	6,980
	--------

7. Investments

	£
Cost
At 1 February 2016 and 31 January 2017	20,268
	--------
Impairment
At 1 February 2016 and 31 January 2017	–
	--------
Carrying amount
At 31 January 2017	20,268
	--------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2017	2016
	£	£

Financial assets that are debt instruments measured at amortised cost

Financial assets that are debt instruments measured at amortised cost	323,644	307,909
	---------	---------

Financial liabilities measured at amortised cost

Financial liabilities measured at amortised cost	493,592	406,390
	---------	---------

9. Directors' advances, credits and guarantees

At the year end the director's loan balance is £Nil (2016: £370 debit)

10. Related party transactions

The company was a wholly owned subsidiary of EDP Consultants Limited throughout the current and previous year. A management charge of £102,000 was charged from EDP Consultants Limited in the year (2016 £80,000) which is considered to be at commercial arms length value.The balance on the intercompany account is shown in note 7 to the accounts.

11. Controlling party

The ultimate controlling parent company is considered to be EDP Consultants Limited, a company registered in England and Wales.

12. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 February 2015.

No transitional adjustments were required in equity or profit or loss for the year.