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Company Registration No. 06026816 (England and Wales)
Cash Converters (Edmonton) Limited Unaudited accounts for the year ended 31 March 2023
Cash Converters (Edmonton) Limited Unaudited accounts Contents
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Cash Converters (Edmonton) Limited Company Information for the year ended 31 March 2023
Directors
Kevin James Poole Pamela Dorrington
Company Number
06026816 (England and Wales)
Registered Office
127 Fore Street Edmonton London N18 2XF England
Accountants
Elite Accountants (London) Limited 717 Green Lanes Winchmore Hill London N21 3RX
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Cash Converters (Edmonton) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
30,000 
37,500 
Tangible assets
12,648 
16,727 
42,648 
54,227 
Current assets
Inventories
245,212 
219,258 
Debtors
46,483 
50,902 
Cash at bank and in hand
369,743 
264,532 
661,438 
534,692 
Creditors: amounts falling due within one year
(180,346)
(153,300)
Net current assets
481,092 
381,392 
Total assets less current liabilities
523,740 
435,619 
Creditors: amounts falling due after more than one year
(31,663)
(41,664)
Provisions for liabilities
Deferred tax
(1,587)
(2,190)
Net assets
490,490 
391,765 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
490,390 
391,665 
Shareholders' funds
490,490 
391,765 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 28 July 2023 and were signed on its behalf by
Kevin James Poole Director Company Registration No. 06026816
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Cash Converters (Edmonton) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Cash Converters (Edmonton) Limited is a private company, limited by shares, registered in England and Wales, registration number 06026816. The registered office is 127 Fore Street, Edmonton, London, N18 2XF, England.
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.
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:
Land & buildings
15% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2022
185,000 
At 31 March 2023
185,000 
Amortisation
At 1 April 2022
147,500 
Charge for the year
7,500 
At 31 March 2023
155,000 
Net book value
At 31 March 2023
30,000 
At 31 March 2022
37,500 
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Cash Converters (Edmonton) Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
211,136 
At 31 March 2023
211,136 
Depreciation
At 1 April 2022
194,409 
Charge for the year
4,079 
At 31 March 2023
198,488 
Net book value
At 31 March 2023
12,648 
At 31 March 2022
16,727 
6
Average number of employees
During the year the average number of employees was 12 (2022: 11).
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