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Registered Number: 11146792
England and Wales

 

 

 

EDM TECHNICAL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 3,252    4,095 
3,252    4,095 
Current assets      
Debtors 55,280    86,826 
Cash at bank and in hand 64,425    30,721 
119,705    117,547 
Creditors: amount falling due within one year (89,303)   (68,661)
Net current assets 30,402    48,886 
 
Total assets less current liabilities 33,654    52,981 
Creditors: amount falling due after more than one year (32,395)   (36,169)
Provisions for liabilities (680)   (569)
Net assets 579    16,243 
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account 577    16,241 
Shareholder's funds 579    16,243 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 July 2023 and were signed on its behalf by:


-------------------------------
Paul Mitchell
Director
1
General Information
EDM Technical Ltd is a private company, limited by shares, registered in England and Wales, registration number 11146792, registration address Unit 2, Cowling Business Park, Canal Side, Lancashire, PR6 0QG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2022 5,303    1,639    6,942 
Additions    
Disposals    
At 31 March 2023 5,303    1,639    6,942 
Depreciation
At 01 April 2022 2,320    527    2,847 
Charge for year 565    278    843 
On disposals    
At 31 March 2023 2,885    805    3,690 
Net book values
Closing balance as at 31 March 2023 2,418    834    3,252 
Opening balance as at 01 April 2022 2,983    1,112    4,095 


4.

Share Capital

Authorised
200 Class A shares of £0.01 each
Allotted, called up and fully paid
2023
£
  2022
£
200 Class A shares of £0.01 each  
 

2