Company Registration No. 05129754 (England and Wales)
Edson Tiger Limited
Unaudited accounts
for the year ended 31 May 2023
Edson Tiger Limited
Unaudited accounts
Contents
Edson Tiger Limited
Company Information
for the year ended 31 May 2023
Directors
Mr Paul Denning
Mr David Curran
Mrs Lesley Curran
Company Number
05129754 (England and Wales)
Registered Office
The Science Park Centre
6 Babbage Way
Exeter
EX5 2FN
England
Accountants
Wessex Commercial Solutions Limited
Yeovil Innovation Centre
Barracks Close
Yeovil
BA22 8RN
Edson Tiger Limited
Statement of financial position
as at 31 May 2023
Intangible assets
25,212
35,021
Tangible assets
5,028
7,310
Cash at bank and in hand
397,061
468,171
Creditors: amounts falling due within one year
(18,032)
(72,716)
Net current assets
453,063
546,011
Net assets
483,303
588,342
Called up share capital
300
300
Profit and loss account
483,003
588,042
Shareholders' funds
483,303
588,342
For the year ending 31 May 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 6 February 2024 and were signed on its behalf by
Mr David Curran
Director
Company Registration No. 05129754
Edson Tiger Limited
Notes to the Accounts
for the year ended 31 May 2023
Edson Tiger Limited is a private company, limited by shares, registered in England and Wales, registration number 05129754. The registered office is The Science Park Centre, 6 Babbage Way , Exeter, EX5 2FN, England.
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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.
These financial statements have been prepared using the historical cost convention except that as disclosed in the
accounting policies certain items are shown at fair value.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of
services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,
rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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
15% to 25% reducing balance
Motor vehicles
20% straight line
Computer equipment
20% to 30% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Development costs 20% straight line per annum
Edson Tiger Limited
Notes to the Accounts
for the year ended 31 May 2023
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Government grants are recognised when there is reasonable assurance that the company will comply with the conditions attaching to the grant and the grant will be received.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Intangible fixed assets
Other
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
7,614
13,472
21,086
At 31 May 2023
7,614
13,472
21,086
At 1 June 2022
4,634
9,142
13,776
Charge for the year
596
1,686
2,282
At 31 May 2023
5,230
10,828
16,058
At 31 May 2023
2,384
2,644
5,028
At 31 May 2022
2,980
4,330
7,310
Edson Tiger Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
33,476
53,575
Accrued income and prepayments
20,727
21,122
Other debtors
19,831
75,859
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,471
12,097
Taxes and social security
11,618
50,678
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Average number of employees
During the year the average number of employees was 3 (2022: 3).