Registered number
03269481
Edmonds Brothers (Contractors) Limited
Filleted Accounts
30 April 2023
Edmonds Brothers (Contractors) Limited
Registered number: 03269481
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 95,403 60,593
Cash at bank and in hand 153 2,073
95,556 62,666
Creditors: amounts falling due within one year 4 (170,971) (121,390)
Net current liabilities (75,415) (58,724)
Net liabilities (75,415) (58,724)
Capital and reserves
Called up share capital 100 100
Share premium 99,975 99,975
Profit and loss account (175,490) (158,799)
Shareholders' funds (75,415) (58,724)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P T J Edmonds
Director
Approved by the board on 25 October 2023
Edmonds Brothers (Contractors) Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The director is satisfied that loan finance will be available to the company as and when necessary for the foreseeable future. The director has therefore adopted the going concern basis of accounting.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services and 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 29,994 5,188
Amounts recoverable on contracts 52,798 55,405
Other debtors 12,611 -
95,403 60,593
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 29,655 28
Taxation and social security costs 640 1,982
Other creditors 140,676 119,380
170,971 121,390
5 Client money
At 30 April 2023 the company held client money of £10,181 (30 April 2022: Nil) which has not been included in the company's balance sheet as an asset with a corresponding liability, as the money belongs to the client and is held in trust by the company as agent on behalf of the client.
6 Other information
Edmonds Brothers (Contractors) Limited is a private company limited by shares and incorporated in England. Its registered office is:
London Beach Country Hotel
Ashford Road
St Michaels
Tenterden
TN30 6HX
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