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Registration number: 13082502

Edenvale Thomas Ltd

Annual Report and Unaudited Financial Statements

for the Period from 15 December 2020 to 31 December 2021

 

Edenvale Thomas Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Edenvale Thomas Ltd

Company Information

Director

Miss S K Kamalvand

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Edenvale Thomas Ltd

(Registration number: 13082502)
Balance Sheet as at 31 December 2021

Note

2021
£

Fixed assets

 

Tangible assets

3

443

Current assets

 

Debtors

4

324

Cash at bank and in hand

 

87,651

 

87,975

Creditors: Amounts falling due within one year

5

(33,444)

Net current assets

 

54,531

Total assets less current liabilities

 

54,974

Provisions for liabilities

(71)

Net assets

 

54,903

Capital and reserves

 

Called up share capital

6

10

Profit and loss account

54,893

Shareholders' funds

 

54,903

For the financial period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 April 2022
 

.........................................
Miss S K Kamalvand
Director

 

Edenvale Thomas Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2020 to 31 December 2021

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Edenvale Thomas Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2020 to 31 December 2021

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Edenvale Thomas Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2020 to 31 December 2021

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

531

531

At 31 December 2021

531

531

Depreciation

Charge for the period

88

88

At 31 December 2021

88

88

Carrying amount

At 31 December 2021

443

443

4

Debtors

2021
£

Trade debtors

324

324

5

Creditors

Creditors: amounts falling due within one year

2021
£

Due within one year

Trade creditors

144

Taxation and social security

4,909

Other creditors

28,391

33,444

6

Share capital

Allotted, called up and fully paid shares

 

2021

 

No.

£

Ordinary of £1 each

10

10