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REGISTERED NUMBER: 07630906 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

EDI Installations Limited

EDI Installations Limited (Registered number: 07630906)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


EDI Installations Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr P S Chohan
Mr K S Sohanpall





REGISTERED OFFICE: 91 Soho Hill
Hockley
Birmingham
West Midlands
B19 1AY





BUSINESS ADDRESS: 19 Worlds End Road
Handsworth Wood
Birmingham
West Midlands
B20 2NP





REGISTERED NUMBER: 07630906 (England and Wales)





ACCOUNTANTS: AKB Group Limited
91 Soho Hill
Hockley
Birmingham
West Midlands
B19 1AY

EDI Installations Limited (Registered number: 07630906)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,262 142,455

CURRENT ASSETS
Stocks 6,500 5,000
Debtors 5 161,068 183,458
Cash at bank and in hand 2,120 56,546
169,688 245,004
CREDITORS
Amounts falling due within one year 6 296,113 316,778
NET CURRENT LIABILITIES (126,425 ) (71,774 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,163

)

70,681

CREDITORS
Amounts falling due after more than one year 7 (23,761 ) (46,510 )

PROVISIONS FOR LIABILITIES (21,377 ) (21,377 )
NET (LIABILITIES)/ASSETS (63,301 ) 2,794

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (63,401 ) 2,694
SHAREHOLDERS' FUNDS (63,301 ) 2,794

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.

EDI Installations Limited (Registered number: 07630906)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





Mr P S Chohan - Director


EDI Installations Limited (Registered number: 07630906)

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

1. STATUTORY INFORMATION

EDI Installations 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on 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
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
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.

EDI Installations Limited (Registered number: 07630906)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 33,203 218,418 251,621
Additions 423 - 423
At 31 May 2023 33,626 218,418 252,044
DEPRECIATION
At 1 June 2022 22,598 86,568 109,166
Charge for year 1,654 32,962 34,616
At 31 May 2023 24,252 119,530 143,782
NET BOOK VALUE
At 31 May 2023 9,374 98,888 108,262
At 31 May 2022 10,605 131,850 142,455

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 169,107
DEPRECIATION
At 1 June 2022 64,943
Charge for year 27,106
At 31 May 2023 92,049
NET BOOK VALUE
At 31 May 2023 77,058
At 31 May 2022 104,164

EDI Installations Limited (Registered number: 07630906)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 147,686 173,507
Other debtors 13,382 9,951
161,068 183,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 22,499 27,794
Trade creditors 71,809 71,029
Taxation and social security 88,738 83,922
Other creditors 113,067 134,033
296,113 316,778

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 23,761 46,510

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 46,260 74,304

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary shares £1 100 100