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Company Registration No. 07823977 (England and Wales)
EDWARDS INSTALLATIONS LIMITED Unaudited accounts for the year ended 31 March 2023
EDWARDS INSTALLATIONS LIMITED Unaudited accounts Contents
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EDWARDS INSTALLATIONS LIMITED Company Information for the year ended 31 March 2023
Directors
M Edwards E Edwards
Company Number
07823977 (England and Wales)
Registered Office
2 Hollyhock Way Orchard Chase Biggleswade Bedfordshire SG18 8YQ
Accountants
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD
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EDWARDS INSTALLATIONS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,359 
26,786 
Current assets
Debtors
307,418 
255,590 
Cash at bank and in hand
52,673 
18,311 
360,091 
273,901 
Creditors: amounts falling due within one year
(84,175)
(49,370)
Net current assets
275,916 
224,531 
Total assets less current liabilities
290,275 
251,317 
Creditors: amounts falling due after more than one year
(126,838)
(107,863)
Provisions for liabilities
Deferred tax
(7,258)
(7,258)
Net assets
156,179 
136,196 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
156,079 
136,096 
Shareholders' funds
156,179 
136,196 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2023 and were signed on its behalf by
M Edwards Director Company Registration No. 07823977
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EDWARDS INSTALLATIONS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
EDWARDS INSTALLATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07823977. The registered office is 2 Hollyhock Way, Orchard Chase, Biggleswade, Bedfordshire, SG18 8YQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
35% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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EDWARDS INSTALLATIONS LIMITED Notes to the Accounts for the year ended 31 March 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
15,301 
74,076 
6,742 
96,119 
Disposals
- 
(18,363)
- 
(18,363)
At 31 March 2023
15,301 
55,713 
6,742 
77,756 
Depreciation
At 1 April 2022
11,115 
52,336 
5,882 
69,333 
Charge for the year
410 
5,609 
598 
6,617 
On disposals
- 
(12,553)
- 
(12,553)
At 31 March 2023
11,525 
45,392 
6,480 
63,397 
Net book value
At 31 March 2023
3,776 
10,321 
262 
14,359 
At 31 March 2022
4,186 
21,740 
860 
26,786 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
658 
- 
Trade debtors
62,620 
30,771 
Amounts due from group undertakings etc.
244,140 
224,319 
Other debtors
- 
500 
307,418 
255,590 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
7,830 
7,814 
Trade creditors
23,449 
8,560 
Taxes and social security
39,825 
17,629 
Other creditors
2,671 
5,067 
Accruals
400 
300 
84,175 
49,370 
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EDWARDS INSTALLATIONS LIMITED Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,217 
31,730 
Obligations under finance leases and hire purchase contracts
1,311 
9,140 
Other creditors
99,310 
66,993 
126,838 
107,863 
8
Transactions with related parties
There is an amount of £244,139.68 due from KCR Properties Ltd.
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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