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REGISTERED NUMBER: 05669918 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Robert Edwards Ltd

Robert Edwards Ltd (Registered number: 05669918)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Robert Edwards Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: E Aspinall
D Ashurst





SECRETARY: Mrs J R Aspinall





REGISTERED OFFICE: 31 Moor Lane Trading Estate
Sherburn In Elmet
Leeds
LS25 6ES





REGISTERED NUMBER: 05669918 (England and Wales)





ACCOUNTANTS: Northern Tonic Ltd
14 Clifton Moor
Business Village
James Nicolson Link
York
YO30 4XG

Robert Edwards Ltd (Registered number: 05669918)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,779 24,868

CURRENT ASSETS
Stocks 61,469 107,295
Debtors 5 909,510 980,183
Prepayments and accrued income 10,613 5,614
Cash at bank 265,243 390,379
1,246,835 1,483,471
CREDITORS
Amounts falling due within one year 6 335,472 378,155
NET CURRENT ASSETS 911,363 1,105,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,142

1,130,184

CREDITORS
Amounts falling due after more than
one year

7

(18,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (2,201 ) (2,387 )

ACCRUALS AND DEFERRED INCOME (4,362 ) (26,036 )
NET ASSETS 900,912 1,075,094

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 900,902 1,075,084
900,912 1,075,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

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 directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Robert Edwards Ltd (Registered number: 05669918)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





E Aspinall - Director


Robert Edwards Ltd (Registered number: 05669918)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Robert Edwards Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor Vehicles25% reducing balance
Office Equipment33% reducing balance
Plant and Machinery25% reducing balance
Leasehold Improvementsover 5 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Robert Edwards Ltd (Registered number: 05669918)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 24,077 81,444 105,521
Additions - 1,750 1,750
Disposals - (9,295 ) (9,295 )
At 28 February 2023 24,077 73,899 97,976
DEPRECIATION
At 1 March 2022 16,383 64,270 80,653
Charge for year 4,816 3,954 8,770
Eliminated on disposal - (6,226 ) (6,226 )
At 28 February 2023 21,199 61,998 83,197
NET BOOK VALUE
At 28 February 2023 2,878 11,901 14,779
At 28 February 2022 7,694 17,174 24,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 293,470 646,819
Recoverable on contracts 557,274 283,624
Other debtors 58,766 49,740
909,510 980,183

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 264,573 263,726
Taxation and social security 5,457 63,730
Other creditors 57,442 42,699
335,472 378,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 18,667 26,667

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £30,682 (2022 - £59,854).