Registered number
05194544
Edwards Technical Limited
Unaudited Filleted Accounts
31 March 2023
Edwards Technical Limited
Registered number: 05194544
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 190,696 156,021
Current assets
Stocks 23,500 14,400
Debtors 4 696,149 530,079
Cash at bank and in hand 804,689 719,570
1,524,338 1,264,049
Creditors: amounts falling due within one year 5 (484,988) (449,396)
Net current assets 1,039,350 814,653
Total assets less current liabilities 1,230,046 970,674
Provisions for liabilities 6 (121,070) (97,150)
Net assets 1,108,976 873,524
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,108,974 873,522
Shareholders' funds 1,108,976 873,524
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Lockley
Director
Approved by the board on 24 October 2023
Edwards Technical Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover / snagging costs
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, and is recognised as earned. Turnover as billed does also, however, recognise that there may be further work (snagging) to undertake upon projects. These snagging costs are provided for based on long-run historical costs incurred.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation, which is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 33-50% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
Tax payable on the company's taxable profits is recognised as a creditor and timing differences between the recognition of items in the accounts and for tax assessment are recognised as a deferred liability.
Provisions
Provisions for liabilities of uncertain timing or amount are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases under which lease payments are recognised as an expense on a straight line basis over the lease term. The leases held by the company are all considered to be operating leases.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 32 34
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 133,245 19,445 268,105 420,795
Additions - - 94,895 94,895
Disposals - - (43,737) (43,737)
At 31 March 2023 133,245 19,445 319,263 471,953
Depreciation
At 1 April 2022 131,031 15,621 118,122 264,774
Charge for the year 372 957 56,370 57,699
On disposals - - (41,216) (41,216)
At 31 March 2023 131,403 16,578 133,276 281,257
Net book value
At 31 March 2023 1,842 2,867 185,987 190,696
At 31 March 2022 2,214 3,824 149,983 156,021
4 Debtors 2023 2022
£ £
Trade debtors 576,359 433,661
Other debtors 119,790 96,418
696,149 530,079
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 320,379 291,614
Taxation and social security costs 142,953 149,475
Other creditors 21,656 8,307
484,988 449,396
6 Provisions for liabilities
Snagging Deferred
costs tax Total
£ £ £
At 1 April 2022 71,100 26,050 97,150
Charged to profit and loss 14,220 9,700 23,920
At 31 March 2023 85,320 35,750 121,070
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 140,900 165,400
8 Other information
Edwards Technical Limited is wholly-owned by Edwards Technical (Mids) Limited. Both companies are private companies limited by shares and incorporated in England and Wales. The registered office for both companies is situated at Technical House, 84 Sedgley Road, Dudley, DY1 4NG.
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