Environmental Health Solutions Limited - Period Ending 2016-08-31

Registration number: SC287049

Environmental Health Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Environmental Health Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Environmental Health Solutions Limited
(Registration number: SC287049)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					23,094			14,647
Current assets
Stocks					1,875			1,933
Debtors					31,957			18,469
Cash at bank and in hand					35,801			24,755
					69,633			45,157
Creditors: Amounts falling due within one year					(52,871)			(41,339)
Net current assets					16,762			3,818
Total assets less current liabilities					39,856			18,465
Creditors: Amounts falling due after more than one year					(10,928)			(2,423)
Provisions for liabilities					(4,619)			(2,929)
Net assets					24,309			13,113
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					24,209			13,013
Shareholders' funds					24,309			13,113

For the year ending 31 August 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 April 2017 and signed on its behalf by:

.........................................
Mr J Clarke
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Environmental Health Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Amortisation of goodwill	10%

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery etc	33% on cost and 20% on cost
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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Environmental Health Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 September 2015		14,000			51,986			65,986
Additions		-			17,495			17,495
Disposals		-			(16,950)			(16,950)
At 31 August 2016		14,000			52,531			66,531
Depreciation
At 1 September 2015		14,000			37,339			51,339
Charge for the year		-			7,881			7,881
Eliminated on disposals		-			(15,783)			(15,783)
At 31 August 2016		14,000			29,437			43,437
Net book value
At 31 August 2016		-			23,094			23,094
At 31 August 2015		-			14,647			14,647

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 3

Environmental Health Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mr J MacNeil ( Director ) During the year, the above operated a loan with the company . At the balance sheet date the amount due to Mr J MacNeil was £6,167 ( 2015 - £5,051 ) . There are no repayment terms and no interest is due on the balance.

Mr J Clarke ( Director ) During the year, the above operated a loan with the company . At the balance sheet date the amount due to Mr J Clarke was £7,359 ( 2015 - £6,243 ) . There are no repayment terms and no interest is due on the balance.

Page 4