Company Registration No. 04918343 (England and Wales)
Eden Accounting Limited
Unaudited accounts
for the year ended 31 March 2023
Eden Accounting Limited
Statement of financial position
as at 31 March 2023
Tangible assets
61,412
71,725
Cash at bank and in hand
34,898
29,080
Creditors: amounts falling due within one year
(148,832)
(120,847)
Net current assets
294,768
293,307
Total assets less current liabilities
356,180
365,032
Creditors: amounts falling due after more than one year
(19,014)
(27,014)
Net assets
337,166
338,018
Profit and loss account
337,015
337,867
Shareholders' funds
337,166
338,018
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.
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 23 November 2023 and were signed on its behalf by
Mrs J Rayner
Director
Company Registration No. 04918343
Eden Accounting Limited
Notes to the Accounts
for the year ended 31 March 2023
Eden Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 04918343. The registered office is The Pavilion, Kingfisher Way, Huntingdon, Cambs, PE29 6FN, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Reducing Balance
Computer equipment
33% Straight Line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Eden Accounting Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
72,627
3,800
54,180
10,740
141,347
Additions
5,070
-
2,226
1,974
9,270
Disposals
(3,478)
-
-
(1,405)
(4,883)
At 31 March 2023
74,219
3,800
56,406
11,309
145,734
At 1 April 2022
34,806
871
29,783
4,162
69,622
Charge for the year
7,255
950
4,991
3,377
16,573
On disposals
(1,216)
-
-
(657)
(1,873)
At 31 March 2023
40,845
1,821
34,774
6,882
84,322
At 31 March 2023
33,374
1,979
21,632
4,427
61,412
At 31 March 2022
37,821
2,929
24,397
6,578
71,725
Amounts falling due within one year
Trade debtors
136,700
101,778
Accrued income and prepayments
27,878
27,121
Other debtors
244,124
256,175
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,139
10,185
Trade creditors
13,186
15,123
Taxes and social security
94,930
85,209
Other creditors
30,577
10,330
7
Creditors: amounts falling due after more than one year
2023
2022
Eden Accounting Limited
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advanced in the year, repayable on the 1st December 2023. Interest charged at 2% per annum.
82,959
66,134
82,959
66,134
82,959
66,134
82,959
66,134
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).