IRIS Accounts Production v23.2.0.158 02639039 director 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure026390392022-01-31026390392023-01-31026390392022-02-012023-01-31026390392021-01-31026390392021-02-012022-01-31026390392022-01-3102639039ns16:EnglandWales2022-02-012023-01-3102639039ns15:PoundSterling2022-02-012023-01-3102639039ns11:Director12022-02-012023-01-3102639039ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3102639039ns11:SmallEntities2022-02-012023-01-3102639039ns11:AuditExemptWithAccountantsReport2022-02-012023-01-3102639039ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3102639039ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3102639039ns11:FullAccounts2022-02-012023-01-3102639039ns11:RegisteredOffice2022-02-012023-01-3102639039ns6:CurrentFinancialInstruments2023-01-3102639039ns6:CurrentFinancialInstruments2022-01-3102639039ns6:Non-currentFinancialInstruments2023-01-3102639039ns6:Non-currentFinancialInstruments2022-01-3102639039ns6:ShareCapital2023-01-3102639039ns6:ShareCapital2022-01-3102639039ns6:RetainedEarningsAccumulatedLosses2023-01-3102639039ns6:RetainedEarningsAccumulatedLosses2022-01-3102639039ns6:LandBuildings2022-01-3102639039ns6:PlantMachinery2022-01-3102639039ns6:LandBuildings2022-02-012023-01-3102639039ns6:PlantMachinery2022-02-012023-01-3102639039ns6:LandBuildings2023-01-3102639039ns6:PlantMachinery2023-01-3102639039ns6:LandBuildings2022-01-3102639039ns6:PlantMachinery2022-01-3102639039ns6:CostValuation2022-01-3102639039ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3102639039ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-31
REGISTERED NUMBER: 02639039 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Edwards of Sale Limited

Edwards of Sale Limited (Registered number: 02639039)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Edwards of Sale Limited

Company Information
for the year ended 31 January 2023







DIRECTOR: P A Johnson





REGISTERED OFFICE: 386 Washway Road
Sale
Cheshire
M33 4JH





REGISTERED NUMBER: 02639039 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Edwards of Sale Limited (Registered number: 02639039)

Balance Sheet
31 January 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 13,386 17,579
Investments 5 4,077 4,077
17,463 21,656

CURRENT ASSETS
Stocks 75,300 75,300
Debtors 6 45,482 45,593
Cash at bank and in hand 26,747 49,946
147,529 170,839
CREDITORS
Amounts falling due within one year 7 (63,637 ) (74,644 )
NET CURRENT ASSETS 83,892 96,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,355

117,851

CREDITORS
Amounts falling due after more than one year 8 (7,000 ) (9,500 )

PROVISIONS FOR LIABILITIES (2,543 ) (3,340 )
NET ASSETS 91,812 105,011

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 91,612 104,811
SHAREHOLDERS' FUNDS 91,812 105,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2023 and were signed by:




P A Johnson - Director


Edwards of Sale Limited (Registered number: 02639039)

Notes to the Financial Statements
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Edwards of Sale 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold- 10% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Share capital
Ordinary shares are classed as equity.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Edwards of Sale Limited (Registered number: 02639039)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Fixed asset investments
Fixed asset investments represent market value of crypto currency at the balance sheet date which have been mined by the company. These are reviewed each year with any changes in value being taken to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 February 2022
and 31 January 2023 28,970 31,666 60,636
DEPRECIATION
At 1 February 2022 26,815 16,242 43,057
Charge for year 215 3,978 4,193
At 31 January 2023 27,030 20,220 47,250
NET BOOK VALUE
At 31 January 2023 1,940 11,446 13,386
At 31 January 2022 2,155 15,424 17,579

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1 February 2022
and 31 January 2023 4,077
NET BOOK VALUE
At 31 January 2023 4,077
At 31 January 2022 4,077

Cost or valuation at 31 January 2023 is represented by:

Other
investments
£
Valuation in 2022 4,077

Fixed Asset investments represent market value of crypto currency held at the balance sheet date.

Edwards of Sale Limited (Registered number: 02639039)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 45,482 45,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 3,000 3,000
Trade creditors 17,911 25,898
Taxation and social security 23,066 25,272
Other creditors 19,660 20,474
63,637 74,644

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 7,000 9,500

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has provided a personal guarantee for the company borrowings.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P A Johnson.

11. ULTIMATE PARENT COMPANY

Johnsons of Sale Ltd is regarded by the director as being the company's ultimate parent company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Edwards of Sale Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edwards of Sale Limited for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Edwards of Sale Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edwards of Sale Limited and state those matters that we have agreed to state to the director of Edwards of Sale Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edwards of Sale Limited and its director for our work or for this report.

It is your duty to ensure that Edwards of Sale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edwards of Sale Limited. You consider that Edwards of Sale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edwards of Sale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


13 June 2023