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Company Registration No. 09272670 (England and Wales)
Edwards Compliance Consultancy Limited Unaudited accounts for the year ended 31 October 2023
Edwards Compliance Consultancy Limited Unaudited accounts Contents
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Edwards Compliance Consultancy Limited Company Information for the year ended 31 October 2023
Directors
Mrs Nicola Edwards Mr David Edwards
Company Number
09272670 (England and Wales)
Registered Office
Sunray Rectory Road Aldeby, Beccles NR34 0BJ
Accountants
Buckley Watson 57a Broadway Leigh on Sea Essex SS9 1PE
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Edwards Compliance Consultancy Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
472 
- 
Current assets
Debtors
3,840 
9,725 
Cash at bank and in hand
17,601 
4,166 
21,441 
13,891 
Creditors: amounts falling due within one year
(21,713)
(13,691)
Net current (liabilities)/assets
(272)
200 
Net assets
200 
200 
Capital and reserves
Called up share capital
200 
200 
Shareholders' funds
200 
200 
For the year ending 31 October 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.
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 24 November 2023 and were signed on its behalf by
Mrs Nicola Edwards Director Company Registration No. 09272670
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Edwards Compliance Consultancy Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Edwards Compliance Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 09272670. The registered office is Sunray, Rectory Road, Aldeby, Beccles, NR34 0BJ.
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 unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Revenue and rendering of services
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. Completion of the contract occurs when the amount of revenue can be reliably measured, it is probable that the company will receive the consideration, the stage of completion of the contract can be measured reliably and the costs incurred and the costs to complete the contract can be measured reliably.
Interest income
Interest income is recognised in the Income Statement using the effective interest method.
Taxation
Tax is recognised in the Income Statement, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Edwards Compliance Consultancy Limited Notes to the Accounts for the year ended 31 October 2023
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and 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 Income Statement. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
- 
Additions
590 
At 31 October 2023
590 
Depreciation
Charge for the year
118 
At 31 October 2023
118 
Net book value
At 31 October 2023
472 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,840 
9,725 
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Edwards Compliance Consultancy Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,083 
- 
Taxes and social security
9,315 
2,388 
Loans from directors
5,640 
10,553 
Accruals
675 
750 
21,713 
13,691 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary share A of £1 each
100 
100 
100 Ordinary share B of £1 each
100 
100 
200 
200 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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