EDWARD STONE ELECTRICAL LTD |
Registered Number:08441846 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
EDWARD STONE ELECTRICAL LTD
Statement of Financial Position
2022
2023
-
7,000
2
Property, plant and equipment |
12,194
16,841
3
12,194
23,841
Trade and other receivables |
12,774
17,474
4
14,000
Cash and cash equivalents |
11,702
29,176
26,774
Trade and other payables: amounts falling due within one |
year |
(5,148)
(5,082)
5
21,626
24,094
Net current assets
Total assets less current liabilities |
36,288
45,467
Trade and other payables: amounts falling due after more |
than one year |
(9,266)
(6,636)
6
29,652
Net assets
36,201
1
1
29,651
36,200
29,652
36,201
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 17 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements
Statutory Information
EDWARD STONE ELECTRICAL LTD is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08441846. |
58 Sea Street
Herne Bay
Kent
CT6 8QB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 6 years. |
Property, plant and equipment
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: |
Plant and machinery
Computer equipment
Motor vehicles
2. Intangible fixed assets |
Goodwill
40,000
40,000
33,000
7,000
Charge for year
40,000
-
7,000
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For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Motor vehicles
29,940
-
29,940
-
3,783
1,589
-
2,194
2,194
29,940
1,589
33,723
Provision for depreciation and impairment |
13,099
-
13,099
-
Charge for year
8,430
397
7,485
548
21,529
397
20,584
548
1,646
9,356
1,192
12,194
-
16,841
-
16,841
4. Trade and other receivables |
2022
2023
5,381
-
12,093
12,774
12,774
17,474
5. Trade and other payables: amounts falling due within one year |
2022
2023
2,000
1,076
Taxation and social security |
1,882
2,872
1,200
1,200
5,082
5,148
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
6,636
9,266
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
3 of 4
For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements Continued
4 of 4