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REGISTERED NUMBER: 04000410 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

HUW EDWARDS LIMITED

HUW EDWARDS LIMITED (Registered number: 04000410)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUW EDWARDS LIMITED

Company Information
for the Year Ended 31 August 2023







DIRECTOR: R H Edwards





REGISTERED OFFICE: Stabl-Y-Ddol
Pontfadog
Llangollen
LL20 7AR





REGISTERED NUMBER: 04000410 (England and Wales)





ACCOUNTANTS: Welch and Ellis
The Fort
Artillery Business Park
Oswestry
Shropshire
SY11 4AD

HUW EDWARDS LIMITED (Registered number: 04000410)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,746 103,094
Investment property 5 150,000 150,000
246,746 253,094

CURRENT ASSETS
Stocks 750 750
Debtors 6 55,291 58,336
56,041 59,086
CREDITORS
Amounts falling due within one year 7 222,600 187,796
NET CURRENT LIABILITIES (166,559 ) (128,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,187

124,384

CREDITORS
Amounts falling due after more than one
year

8

15,995

24,422
NET ASSETS 64,192 99,962

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 64,191 99,961
64,192 99,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HUW EDWARDS LIMITED (Registered number: 04000410)

Balance Sheet - continued
31 August 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 director and authorised for issue on 28 November 2023 and were signed by:





R H Edwards - Director


HUW EDWARDS LIMITED (Registered number: 04000410)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

HUW EDWARDS LIMITED 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, value added tax and other sales taxes.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

HUW EDWARDS LIMITED (Registered number: 04000410)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 20,151 311,236 331,387
Additions - 25,900 25,900
At 31 August 2023 20,151 337,136 357,287
DEPRECIATION
At 1 September 2022 9,496 218,797 228,293
Charge for year 2,664 29,584 32,248
At 31 August 2023 12,160 248,381 260,541
NET BOOK VALUE
At 31 August 2023 7,991 88,755 96,746
At 31 August 2022 10,655 92,439 103,094

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 150,000
NET BOOK VALUE
At 31 August 2023 150,000
At 31 August 2022 150,000

HUW EDWARDS LIMITED (Registered number: 04000410)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 42,873 46,873
Other debtors 12,418 11,463
55,291 58,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 35,949 49,660
Trade creditors - (1 )
Taxation and social security 59,068 64,186
Other creditors 127,583 73,951
222,600 187,796

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Trade creditors 15,995 24,422