Company Registration No. 04908617 (England and Wales)
Edgewords Limited
Unaudited accounts
for the year ended 30 September 2023
Edgewords Limited
Unaudited accounts
Contents
Edgewords Limited
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
6,040
8,260
Creditors: amounts falling due within one year
(5,852)
(13,702)
Net current assets
1,556
7,887
Called up share capital
100
100
Profit and loss account
2,209
9,978
Shareholders' funds
2,309
10,078
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 13 November 2023 and were signed on its behalf by
Mr T A Millichamp
Director
Company Registration No. 04908617
Edgewords Limited
Notes to the Accounts
for the year ended 30 September 2023
Edgewords Limited is a private company, limited by shares, registered in England and Wales, registration number 04908617. The registered office is 9 Wells Close, Bridgnorth, Shrops, WV16 5JQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20% reducing balance
Computer equipment
33.3% straight line
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.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
3,274
47,599
50,873
Disposals
-
(33,641)
(33,641)
At 30 September 2023
3,274
13,958
17,232
At 1 October 2022
3,030
45,652
48,682
Charge for the year
49
1,389
1,438
On disposals
-
(33,641)
(33,641)
At 30 September 2023
3,079
13,400
16,479
At 30 September 2023
195
558
753
At 30 September 2022
244
1,947
2,191
Edgewords Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
2,475
Loans from directors
19
521
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2022: 1).