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REGISTERED NUMBER: 03492561 (England and Wales)















R A EDWARDS & PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R A EDWARDS & PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: P S Edwards BSc MRICS
S A Edwards
M I Perrin





REGISTERED OFFICE: Unit 2 Tilcon Avenue
Tilcon Industrial Estate
Stafford
Staffordshire
ST18 0YJ





REGISTERED NUMBER: 03492561 (England and Wales)

R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 209,097 112,151

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 2,212,255 2,652,276
Cash at bank and in hand 352,556 258,849
2,565,811 2,912,125
CREDITORS
Amounts falling due within one year 6 (1,001,786 ) (1,332,238 )
NET CURRENT ASSETS 1,564,025 1,579,887
TOTAL ASSETS LESS CURRENT LIABILITIES 1,773,122 1,692,038

CREDITORS
Amounts falling due after more than one
year

7

(44,676

)

(18,704

)

PROVISIONS FOR LIABILITIES (52,267 ) (21,301 )
NET ASSETS 1,676,179 1,652,033

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,676,079 1,651,933
SHAREHOLDERS' FUNDS 1,676,179 1,652,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





P S Edwards BSc MRICS - Director


R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

R A Edwards & Partners 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years present unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Construction contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the cost of work completed.
Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.
When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Rent receivable

This represents income received from the company's sub-let properties, all of which are rented under operating leases.

Interest receivable

Interest income is recognised using the effective rate of interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 3 years and Straight line over 10 years
Motor vehicles - Straight line over 6 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

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 Profit and Loss Account, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 533,966
Additions 152,407
Disposals (45,656 )
At 31 May 2023 640,717
DEPRECIATION
At 1 June 2022 421,815
Charge for year 55,423
Eliminated on disposal (45,618 )
At 31 May 2023 431,620
NET BOOK VALUE
At 31 May 2023 209,097
At 31 May 2022 112,151

R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 108,784
Additions 142,610
Transfer to ownership (23,750 )
At 31 May 2023 227,644
DEPRECIATION
At 1 June 2022 29,867
Charge for year 40,551
Transfer to ownership (15,174 )
At 31 May 2023 55,244
NET BOOK VALUE
At 31 May 2023 172,400
At 31 May 2022 78,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 299,110 588,994
Amounts owed by participating interests 8,501 -
Amounts owed by associates 1,303,930 1,447,276
Amounts recoverable on contract 560,297 587,393
Other debtors 35 64
Directors' current accounts 1,225 -
Prepayments 39,157 28,549
2,212,255 2,652,276

R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 76,122 30,355
Trade creditors 594,979 749,782
Amounts owed to participating interests - 11,330
Tax 2,759 48,822
Social security and other taxes 30,307 28,169
VAT 113,874 217,023
Other creditors 48,748 34,638
Directors' current accounts 92,346 141,741
Accrued expenses 42,651 70,378
1,001,786 1,332,238

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 44,676 18,704

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 120,798 49,059

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

R A EDWARDS & PARTNERS LIMITED (REGISTERED NUMBER: 03492561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
S A Edwards
Balance outstanding at start of year - -
Amounts advanced 40,288 -
Amounts repaid (39,063 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,225 -

The director's loan is provided interest free and is repayable on demand.