Company Registration No. 07400122 (England and Wales)
RADICAL EDGE LTD
Unaudited accounts
for the year ended 31 October 2023
RADICAL EDGE LTD
Unaudited accounts
Contents
RADICAL EDGE LTD
Company Information
for the year ended 31 October 2023
Directors
Sarah Hurrell
John Hurrell
Company Number
07400122 (England and Wales)
Registered Office
Denmark House
143 High Street
Chalfont St Peter
SL9 9QL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
RADICAL EDGE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
15,838
8,085
Cash at bank and in hand
11,063
18,910
Creditors: amounts falling due within one year
(10,846)
(26,966)
Net current assets/(liabilities)
217
(8,056)
Called up share capital
10
10
Profit and loss account
16,045
19
Shareholders' funds
16,055
29
For the year ending 31 October 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 15 February 2024 and were signed on its behalf by
John Hurrell
Director
Company Registration No. 07400122
RADICAL EDGE LTD
Notes to the Accounts
for the year ended 31 October 2023
RADICAL EDGE LTD is a private company, limited by shares, registered in England and Wales, registration number 07400122. The registered office is Denmark House, 143 High Street, Chalfont St Peter, SL9 9QL, United Kingdom.
2
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% per annum reducing balance
Fixtures & fittings
20% per annum reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
35,579
2,034
37,613
At 31 October 2023
47,292
2,034
49,326
At 1 November 2022
27,634
1,894
29,528
Charge for the year
3,932
28
3,960
At 31 October 2023
31,566
1,922
33,488
At 31 October 2023
15,726
112
15,838
At 31 October 2022
7,945
140
8,085
RADICAL EDGE LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
9,421
25,752
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
On 31 October 2023, the directors were owed £9,421.39 (2022 - £25,752) by the company. This is an interest bearing loan that is repayable upon demand. During the year £523 interest was charged.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).