1 April 2022 false No description of principal activity Taxfiler 2023.10 07197020business:PrivateLimitedCompanyLtd2022-04-012023-03-31 071970202022-03-31 071970202022-04-012023-03-31 07197020business:AuditExemptWithAccountantsReport2022-04-012023-03-31 07197020business:FilletedAccounts2022-04-012023-03-31 071970202023-03-31 071970202022-03-31 07197020core:WithinOneYear2023-03-31 07197020core:WithinOneYear2022-03-31 07197020core:AfterOneYear2023-03-31 07197020core:AfterOneYear2022-03-31 07197020core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07197020core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 07197020core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07197020core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 07197020core:PreviouslyStatedAmount2023-03-31 07197020core:PreviouslyStatedAmount2022-03-31 07197020business:SmallEntities2022-04-012023-03-31 07197020business:Director12022-04-012023-03-31 07197020countries:EnglandWales2022-04-012023-03-31 07197020business:RegisteredOffice2022-04-012023-03-31 07197020core:PlantMachinery2022-04-012023-03-31 07197020core:MotorVehicles2022-04-012023-03-31 07197020core:ComputerEquipment2022-04-012023-03-31 07197020core:PlantMachinery2022-03-31 07197020core:MotorVehicles2022-03-31 07197020core:ComputerEquipment2022-03-31 07197020core:PlantMachinery2023-03-31 07197020core:MotorVehicles2023-03-31 07197020core:ComputerEquipment2023-03-31 071970202021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07197020 (England and Wales)
Colin J Edmonds (Sales) limited Unaudited accounts for the year ended 31 March 2023
Colin J Edmonds (Sales) limited Unaudited accounts Contents
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Colin J Edmonds (Sales) limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,823 
79,302 
Current assets
Inventories
584,478 
395,100 
Debtors
92,006 
84,633 
Cash at bank and in hand
59,874 
115,459 
736,358 
595,192 
Creditors: amounts falling due within one year
(444,344)
(315,901)
Net current assets
292,014 
279,291 
Total assets less current liabilities
341,837 
358,593 
Creditors: amounts falling due after more than one year
(39,417)
(110,868)
Net assets
302,420 
247,725 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
302,320 
247,625 
Shareholders' funds
302,420 
247,725 
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 26 June 2023 and were signed on its behalf by
C J Edmonds Director Company Registration No. 07197020
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Colin J Edmonds (Sales) limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Colin J Edmonds (Sales) limited is a private company, limited by shares, registered in England and Wales, registration number 07197020. The registered office is Brook House, Haywoods Lane, Therfield, Nr Royston, Herts, SG8 9QR.
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% per annum straight line basis
Motor vehicles
25% per annum reducing balance basis
Computer equipment
25% per annum straight line basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Colin J Edmonds (Sales) limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
31,409 
96,417 
15,722 
143,548 
Disposals
(2,200)
(16,667)
- 
(18,867)
At 31 March 2023
29,209 
79,750 
15,722 
124,681 
Depreciation
At 1 April 2022
28,545 
19,979 
15,722 
64,246 
Charge for the year
995 
15,984 
- 
16,979 
On disposals
(2,200)
(4,167)
- 
(6,367)
At 31 March 2023
27,340 
31,796 
15,722 
74,858 
Net book value
At 31 March 2023
1,869 
47,954 
- 
49,823 
At 31 March 2022
2,864 
76,438 
- 
79,302 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
50,649 
56,183 
Trade debtors
41,357 
28,139 
Other debtors
- 
311 
92,006 
84,633 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
24,700 
51,534 
Trade creditors
378,113 
198,054 
Taxes and social security
24,022 
30,479 
Other creditors
11,509 
5,650 
Accruals
6,000 
30,184 
444,344 
315,901 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
39,417 
110,868 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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