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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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ENVIRONMENTAL DRAIN SERVICES LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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ENVIRONMENTAL DRAIN SERVICES LIMITED |
ENVIRONMENTAL DRAIN SERVICES LIMITED (REGISTERED NUMBER: 03295799) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ENVIRONMENTAL DRAIN SERVICES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
First Floor |
32-34 High Street |
Ringwood |
Hampshire |
BH24 1AG |
ENVIRONMENTAL DRAIN SERVICES LIMITED (REGISTERED NUMBER: 03295799) |
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ABRIDGED BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 7 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS | 11 |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ENVIRONMENTAL DRAIN SERVICES LIMITED (REGISTERED NUMBER: 03295799) |
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ABRIDGED BALANCE SHEET - continued |
31 DECEMBER 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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ENVIRONMENTAL DRAIN SERVICES LIMITED (REGISTERED NUMBER: 03295799) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Environmental Drain Services Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents amounts receivable for goods and services rendered net of VAT. |
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Tangible fixed assets |
Depreciation is not provided on property. Although this accounting policy is in accordance with the Financial |
Reporting Standard 102, it is a departure from the general requirement of the Companies Act 2006 for all |
tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for |
the financial statements to give a true and fair view. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ENVIRONMENTAL DRAIN SERVICES LIMITED (REGISTERED NUMBER: 03295799) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2016 |
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Additions |
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Disposals | ( |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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Included in cost of land and buildings is freehold land of £ 106,000 (2015 - £ 106,000 ) which is not depreciated. |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
At 1 January 2016 | 104,730 |
Additions | 14,390 |
Transfer to ownership | (68,925 | ) |
At 31 December 2016 | 50,195 |
DEPRECIATION |
At 1 January 2016 | 55,425 |
Charge for year | 25,864 |
Transfer to ownership | (50,068 | ) |
At 31 December 2016 | 31,221 |
NET BOOK VALUE |
At 31 December 2016 | 18,974 |
At 31 December 2015 | 49,305 |
ENVIRONMENTAL DRAIN SERVICES LIMITED (REGISTERED NUMBER: 03295799) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loans |
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Hire purchase contracts | 18,888 | 37,402 |
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Hire purchase liabilities are secured on the assets to which they relate. |
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The bank loan is secured by a legal charge on the premises at Unit 2/3a Bessemer Close, Ebblake Industrial |
Estate, Verwood, Dorset, BH31 6AZ. |
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7. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred tax | 32,999 | 22,733 |
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Deferred |
tax |
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Balance at 1 January 2016 |
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Capital allowances | 10,266 |
Balance at 31 December 2016 |
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ENVIRONMENTAL DRAIN SERVICES LIMITED (REGISTERED NUMBER: 03295799) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2016 and |
31 December 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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9. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £83,003 were paid to the director . |
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During the year the company paid dividends of £14,647 to Mrs F M Green, the wife of the director Mr P J |
Green. |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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11. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
2016 | 2015 |
£ | £ |
Profit for the financial year |
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Dividends | ( |
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Net addition to shareholders' funds | 42,166 | 77,669 |
Opening shareholders' funds | 425,075 | 347,406 |
Closing shareholders' funds | 467,241 | 425,075 |