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REGISTERED NUMBER: 04516405 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

G R EDWARDES LIMITED

G R EDWARDES LIMITED (REGISTERED NUMBER: 04516405)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G R EDWARDES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: G R Edwardes
Mrs M J Edwardes
R C Edwardes





SECRETARY: Mrs M J Edwardes





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 04516405 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

G R EDWARDES LIMITED (REGISTERED NUMBER: 04516405)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 82,445 108,958
82,445 108,958

CURRENT ASSETS
Stocks 92,004 80,922
Debtors 6 199,420 173,553
Cash at bank 12,518 50,335
303,942 304,810
CREDITORS
Amounts falling due within one year 7 393,571 352,712
NET CURRENT LIABILITIES (89,629 ) (47,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,184

)

61,056

CREDITORS
Amounts falling due after more than one
year

8

(24,215

)

(33,620

)

PROVISIONS FOR LIABILITIES 10 (3,886 ) (12,557 )
NET (LIABILITIES)/ASSETS (35,285 ) 14,879

CAPITAL AND RESERVES
Called up share capital 11 102 102
Retained earnings (35,387 ) 14,777
SHAREHOLDERS' FUNDS (35,285 ) 14,879

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

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

G R EDWARDES LIMITED (REGISTERED NUMBER: 04516405)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:




G R Edwardes - Director Mrs M J Edwardes - Director




R C Edwardes - Director


G R EDWARDES LIMITED (REGISTERED NUMBER: 04516405)

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

1. STATUTORY INFORMATION

G R Edwardes 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures, fittings and office equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value,after making due
allowance for obsolete and slow moving items.Cost includes all direct costs and an appropriate proportion
of fixed and variable overheads and in the case of work in progress a proportion of attributable profit.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

G R EDWARDES LIMITED (REGISTERED NUMBER: 04516405)

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

2. ACCOUNTING POLICIES - continued

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.

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 25 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 50,000
AMORTISATION
At 1 November 2022
and 31 October 2023 50,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Plant and Motor office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 20,783 197,032 43,454 261,269
Additions 828 - - 828
At 31 October 2023 21,611 197,032 43,454 262,097
DEPRECIATION
At 1 November 2022 19,494 90,997 41,820 152,311
Charge for year 424 26,509 408 27,341
At 31 October 2023 19,918 117,506 42,228 179,652
NET BOOK VALUE
At 31 October 2023 1,693 79,526 1,226 82,445
At 31 October 2022 1,289 106,035 1,634 108,958

G R EDWARDES LIMITED (REGISTERED NUMBER: 04516405)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 48,222
DEPRECIATION
At 1 November 2022 5,101
Charge for year 10,780
At 31 October 2023 15,881
NET BOOK VALUE
At 31 October 2023 32,341
At 31 October 2022 43,121

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183,554 137,419
Other debtors 15,866 36,134
199,420 173,553

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,406 9,406
Trade creditors 187,100 137,257
Taxation and social security 13,059 9,350
Other creditors 184,006 196,699
393,571 352,712

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 24,215 33,620

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 33,621 43,026

G R EDWARDES LIMITED (REGISTERED NUMBER: 04516405)

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

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,886 12,557

Deferred
tax
£   
Balance at 1 November 2022 12,557
Credit to Statement of Income and Retained Earnings during year (8,671 )
Balance at 31 October 2023 3,886

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 'A' shares £1 100 100
2 Ordinary 'B' shares £1 2 2
102 102