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Registration number: 12630014

Edwards 85 Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2022

 

Edwards 85 Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Edwards 85 Consulting Limited

(Registration number: 12630014)
Balance Sheet as at 31 May 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

2,051

1,236

Current assets

 

Debtors

5

-

1,900

Cash at bank and in hand

 

6,964

6,613

 

6,964

8,513

Creditors: Amounts falling due within one year

6

(6,266)

(6,505)

Net current assets

 

698

2,008

Net assets

 

2,749

3,244

Capital and reserves

 

Called up share capital

2

-

Retained earnings

2,747

3,244

Shareholders' funds

 

2,749

3,244

For the financial year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 Board on 25 August 2022 and signed on its behalf by:
 

.........................................
H Edwards
Director

 

Edwards 85 Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Strathearn Road
London
SW19 7LH

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 provision of consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

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.

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:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Edwards 85 Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

Debtors

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2021

1,474

1,474

Additions

1,386

1,386

At 31 May 2022

2,860

2,860

Depreciation

At 1 June 2021

238

238

Charge for the year

571

571

At 31 May 2022

809

809

Carrying amount

At 31 May 2022

2,051

2,051

At 31 May 2021

1,236

1,236

5

Debtors

Current

2022
£

2021
£

Other debtors

-

1,900

 

Edwards 85 Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

61

25

Taxation and social security

5,005

5,280

Other creditors

1,200

1,200

6,266

6,505

7

Related party transactions

During the year, in the ordinary course of business, on normal commercial terms and at arm's length prices, total sales of £15,850 (2021: £14,518) were made to Findr Global Ltd, a company in which Ryan Edwards is a shareholder. Total sales of £Nil (2021:£19,250) were made to Audoo Ltd, and total sales of £6,402 (2021: £Nil) were made to Eh Time Ltd, Ryan Edwards is a director and shareholder of both companies.