REGISTERED NUMBER: |
Edgerston Trading (2006) Limited |
Unaudited Financial Statements |
for the Year Ended 31st March 2023 |
REGISTERED NUMBER: |
Edgerston Trading (2006) Limited |
Unaudited Financial Statements |
for the Year Ended 31st March 2023 |
Edgerston Trading (2006) Limited (Registered number: SC305469) |
Contents of the Financial Statements |
for the year ended 31st March 2023 |
Page |
Company information | 1 |
Balance sheet | 2 | to | 3 |
Notes to the financial statements | 4 | to | 7 |
Edgerston Trading (2006) Limited |
Company Information |
for the year ended 31st March 2023 |
Directors: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
Academy House |
Shedden Park Road |
Kelso |
Roxburghshire |
TD5 7AL |
Edgerston Trading (2006) Limited (Registered number: SC305469) |
Balance Sheet |
31st March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Stocks |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Creditors |
Amounts falling due after more than one year |
9 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
Edgerston Trading (2006) Limited (Registered number: SC305469) |
Balance Sheet - continued |
31st March 2023 |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Edgerston Trading (2006) Limited (Registered number: SC305469) |
Notes to the Financial Statements |
for the year ended 31st March 2023 |
1. | Statutory information |
Edgerston Trading (2006) Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year. Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Basic payment entitlements have been fully amortised evenly over their estimated useful life of four years. |
Tangible fixed assets |
Woodlands | - |
Land | - |
Property improvements | - |
Plant and machinery | - |
Motor vehicles | - |
Tractor | - |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
Stocks |
Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, loans, accruals and directors' loans. |
The loan is initially measured at the undiscounted amount of the cash expected to be paid. Due to the fact that there are no fixed repayment terms a discounting rate has not been applied. |
Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. |
Edgerston Trading (2006) Limited (Registered number: SC305469) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2023 |
2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings 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. |
Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
Going concern |
The continued trading of the company is dependent on the future support of one of the directors through his loan account. The director has confirmed that he will continue to support the company throughout the coming year. The accounts have therefore been prepared on the going concern basis. |
Employee benefits |
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Basic |
payment |
entitlements |
£ |
Cost |
At 1st April 2022 |
and 31st March 2023 |
Amortisation |
At 1st April 2022 |
and 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
Edgerston Trading (2006) Limited (Registered number: SC305469) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2023 |
5. | Tangible fixed assets |
Property |
Woodlands | Land | improvements |
£ | £ | £ |
Cost |
At 1st April 2022 |
Additions |
Disposals |
At 31st March 2023 |
Depreciation |
At 1st April 2022 |
Charge for year |
Eliminated on disposal |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
Plant and | Motor |
machinery | vehicles | Tractor | Totals |
£ | £ | £ | £ |
Cost |
At 1st April 2022 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31st March 2023 |
Depreciation |
At 1st April 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
6. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1st April 2022 |
and 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
Edgerston Trading (2006) Limited (Registered number: SC305469) |
Notes to the Financial Statements - continued |
for the year ended 31st March 2023 |
7. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
8. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
9. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Trust loan | 1,952,244 | 1,952,244 |