Relate AccountsProduction v2.6.1 v2.6.1 2021-04-01 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. 2 August 2022 11 12 03320772 2022-03-31 03320772 2021-03-31 03320772 2020-03-31 03320772 2021-04-01 2022-03-31 03320772 2020-04-01 2021-03-31 03320772 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03320772 uk-bus:AbridgedAccounts 2021-04-01 2022-03-31 03320772 uk-core:ShareCapital 2022-03-31 03320772 uk-core:ShareCapital 2021-03-31 03320772 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 03320772 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 03320772 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 03320772 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-03-31 03320772 uk-bus:FRS102 2021-04-01 2022-03-31 03320772 uk-core:Goodwill 2021-04-01 2022-03-31 03320772 uk-core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 03320772 uk-core:Goodwill 2021-03-31 03320772 uk-core:Goodwill 2022-03-31 03320772 uk-core:CostValuation 2022-03-31 03320772 uk-core:Subsidiary1 2021-04-01 2022-03-31 03320772 2021-04-01 2022-03-31 03320772 uk-bus:Director1 2021-04-01 2022-03-31 03320772 uk-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 03320772
 
 
Edison Consulting Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2022
Edison Consulting Limited
Company Registration Number: 03320772
ABRIDGED BALANCE SHEET
as at 31 March 2022

2022 2021
Notes £ £
 
Fixed Assets
Intangible assets 4 1 1
Tangible assets 5 14,784 19,214
Investments 6 70 70
───────── ─────────
14,855 19,285
───────── ─────────
 
Current Assets
Debtors 204,639 181,546
Cash and cash equivalents 219,497 250,726
───────── ─────────
424,136 432,272
───────── ─────────
Creditors: amounts falling due within one year (82,154) (79,588)
───────── ─────────
Net Current Assets 341,982 352,684
───────── ─────────
Total Assets less Current Liabilities 356,837 371,969
═════════ ═════════
 
Capital and Reserves
Called up share capital 110 110
Retained earnings 356,727 371,859
───────── ─────────
Equity attributable to owners of the company 356,837 371,969
═════════ ═════════
 
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 2022 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 financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their 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 2 August 2022
           
           
________________________________          
R Powe          
Director          
           



Edison Consulting Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2022

   
1. General Information
 
Edison Consulting Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 03320772. The registered office of the company is Handel House, 95 High Street, Edgware    HA8 7DB. The principal activity of the company during the year continued to be that of financial consultancy. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant 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 2022 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 on the going concern basis and in accordance with 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.
 
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.
 
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.
 
Tangible assets and depreciation
Tangible 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 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.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
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 financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
       
3. Employees
 
  2022 2021
  Number Number
 
Admin 11 12
  ═════════ ═════════
     
4. Intangible assets
   
  Goodwill
  £
Cost
At 1 April 2021 134,000
  ─────────
 
At 31 March 2022 134,000
  ─────────
Amortisation
 
At 31 March 2022 133,999
  ─────────
Net book value
At 31 March 2022 1
  ═════════
At 31 March 2021 1
  ═════════
       
5. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2021 49,650 49,650
  ───────── ─────────
 
At 31 March 2022 49,650 49,650
  ───────── ─────────
Depreciation
At 1 April 2021 30,436 30,436
Charge for the financial year 4,430 4,430
  ───────── ─────────
At 31 March 2022 34,866 34,866
  ───────── ─────────
Net book value
At 31 March 2022 14,784 14,784
  ═════════ ═════════
At 31 March 2021 19,214 19,214
  ═════════ ═════════
       
6. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 31 March 2022 70 70
  ───────── ─────────
Net book value
At 31 March 2022 70 70
  ═════════ ═════════
At 31 March 2021 70 70
  ═════════ ═════════
             
6.1. 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 and address of Registered Office business   investment company
 
Subsidiary undertaking
Stanbridge Wealth Management Ltd England Financial consultancy   Ordinary 70%
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
    £     £
 
Stanbridge Wealth Management Ltd 31 March 2022 50,087     13,566
    ═════════     ═════════
 
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.