Relate AccountsProduction v2.1.19 v2.1.19 2017-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company during the year continued to be that of financial consultancy. 24 July 2018 0 0 03320772 2018-03-31 03320772 2017-03-31 03320772 2016-03-31 03320772 2017-04-01 2018-03-31 03320772 2016-04-01 2017-03-31 03320772 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 03320772 uk-bus:AbridgedAccounts 2017-04-01 2018-03-31 03320772 uk-core:ShareCapital 2018-03-31 03320772 uk-core:ShareCapital 2017-03-31 03320772 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 03320772 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 03320772 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2018-03-31 03320772 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-03-31 03320772 uk-bus:FRS102 2017-04-01 2018-03-31 03320772 uk-core:FurnitureFittingsToolsEquipment 2017-04-01 2018-03-31 03320772 uk-core:Goodwill 2017-04-01 2018-03-31 03320772 uk-core:Goodwill 2017-03-31 03320772 uk-core:Goodwill 2018-03-31 03320772 uk-core:CostValuation 2018-03-31 03320772 uk-core:Subsidiary1 2017-04-01 2018-03-31 03320772 2017-04-01 2018-03-31 03320772 uk-bus:Director1 2017-04-01 2018-03-31 03320772 uk-bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Number: 03320772
 
 
Edison Consulting Limited
 
Unaudited Abridged Financial Statements
 
for the year ended 31 March 2018
Edison Consulting Limited
Company Number: 03320772
ABRIDGED BALANCE SHEET
as at 31 March 2018

2018 2017
Notes £ £
 
Fixed Assets
Intangible assets 3 1 1
Tangible assets 4 3,253 1,866
Investments 5 70 70
───────── ─────────
3,324 1,937
───────── ─────────
 
Current Assets
Debtors 256,010 262,673
Cash and cash equivalents 140,848 80,345
───────── ─────────
396,858 343,018
───────── ─────────
Creditors: Amounts falling due within one year (68,678) (56,322)
───────── ─────────
Net Current Assets 328,180 286,696
───────── ─────────
Total Assets less Current Liabilities 331,504 288,633
═════════ ═════════
Capital and Reserves
Called up share capital 110 110
Profit and Loss Account 331,394 288,523
───────── ─────────
Equity attributable to owners of the company 331,504 288,633
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that 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 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 24 July 2018
           
           
________________________________          
R Powe          
Director          



Edison Consulting Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the year ended 31 March 2018

   
1. GENERAL INFORMATION
 
Edison Consulting Limited is a company limited by shares incorporated in United Kingdom.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover represents commissions and fees received during the year.
 
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. INTANGIBLE FIXED ASSETS
     
  Goodwill Total
  £ £
Cost
At 1 April 2017 134,000 134,000
  ───────── ─────────
 
At 31 March 2018 134,000 134,000
  ───────── ─────────
Amortisation
 
At 31 March 2018 133,999 133,999
  ───────── ─────────
Net book value
At 31 March 2018 1 1
  ═════════ ═════════
At 31 March 2017 1 1
  ═════════ ═════════
       
4. TANGIBLE FIXED ASSETS
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2017 17,979 17,979
Additions 1,853 1,853
  ───────── ─────────
At 31 March 2018 19,832 19,832
  ───────── ─────────
Depreciation
At 1 April 2017 16,113 16,113
Charge for the year 466 466
  ───────── ─────────
At 31 March 2018 16,579 16,579
  ───────── ─────────
Net book value
At 31 March 2018 3,253 3,253
  ═════════ ═════════
At 31 March 2017 1,866 1,866
  ═════════ ═════════
       
5. INVESTMENTS
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 31 March 2018 70 70
  ───────── ─────────
Net book value
At 31 March 2018 70 70
  ═════════ ═════════
At 31 March 2017 70 70
  ═════════ ═════════
             
5.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation business   investment company
 
Subsidiary undertaking
Stanbridge Wealth Management Ltd England Financial consultancy   Ordinary 70%
 
 
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.