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REGISTERED NUMBER: 04219821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

EDGARS LIMITED

EDGARS LIMITED (REGISTERED NUMBER: 04219821)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDGARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr D P Norris
Mrs J Norris
Mr J Westerman





SECRETARY: Mrs J Norris





REGISTERED OFFICE: The Old Bank
39 Market Square
Witney
OX28 6AD





REGISTERED NUMBER: 04219821 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
6 Langdale Court
Witney
Oxfordshire
OX28 6FG

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,295 24,855

CURRENT ASSETS
Stocks 26,890 21,500
Debtors 5 191,951 142,663
Cash at bank and in hand 262,877 282,702
481,718 446,865
CREDITORS
Amounts falling due within one year 6 129,212 166,316
NET CURRENT ASSETS 352,506 280,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,801

305,404

PROVISIONS FOR LIABILITIES 7 3,753 3,910
NET ASSETS 372,048 301,494

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 371,947 301,393
SHAREHOLDERS' FUNDS 372,048 301,494

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

BALANCE SHEET - continued
31 MARCH 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2022 and were signed on its behalf by:




Mrs J Norris - Director



Mr D P Norris - Director


EDGARS LIMITED (REGISTERED NUMBER: 04219821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Edgars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services excluding value added tax plus estimates of amounts not invoiced. These amounts are recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress represents revenue recognised to reflect partial performance of contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 8,724 16,422 31,291 56,437
Additions - - 8,070 8,070
Disposals - (1,396 ) - (1,396 )
At 31 March 2022 8,724 15,026 39,361 63,111
DEPRECIATION
At 1 April 2021 3,635 11,006 16,941 31,582
Charge for year 872 1,354 7,341 9,567
Eliminated on disposal - (1,333 ) - (1,333 )
At 31 March 2022 4,507 11,027 24,282 39,816
NET BOOK VALUE
At 31 March 2022 4,217 3,999 15,079 23,295
At 31 March 2021 5,089 5,416 14,350 24,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 153,939 144,526
Bad debt provision - (20,199 )
PSP Construction Consultants
Limited 21,498 -
Rent deposit 9,625 9,625
Accrued income (580 ) (69 )
Prepayments 7,469 8,780
191,951 142,663

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 25,878 15,433
Tax 30,079 27,339
Social security and other taxes 12,466 11,830
Pension contributions 2,590 2,532
VAT 35,321 42,073
Other creditors 31 29
PSP Construction Consultants
Limited - 2,173
Directors' current accounts 964 16,653
Deferred rent (1,637 ) (194 )
Accrued expenses 23,520 48,448
129,212 166,316

7. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax
Accelerated capital allowances 3,753 3,910

Deferred
tax
£   
Balance at 1 April 2021 3,910
Provided during year (157 )
Balance at 31 March 2022 3,753

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
40 Ordinary A £1 40 40
60 Ordinary B £1 60 60
1 Ordinary C £1 1 1
101 101