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Registration number: 03251090

The Edge Marketing Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

The Edge Marketing Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Edge Marketing Solutions Limited

Company Information

Directors

J G Forster

A Forster

Company secretary

A Forster

Registered office

4 Lucastes Mews
Paddockhall Road
Haywards Heath
West Sussex
RH16 1HE

 

The Edge Marketing Solutions Limited

(Registration number: 03251090)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

225,640

225,640

Investments

5

30,408

30,408

 

256,048

256,048

Creditors: Amounts falling due within one year

6

(250,493)

(255,873)

Net assets

 

5,555

175

Capital and reserves

 

Called up share capital

1,002

1,002

Retained earnings

4,553

(827)

Shareholders' funds

 

5,555

175

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2024 and signed on its behalf by:
 

.........................................
J G Forster
Director

 

The Edge Marketing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Lucastes Mews
Paddockhall Road
Haywards Heath
West Sussex
RH16 1HE

These financial statements were authorised for issue by the Board on 12 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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.

 

The Edge Marketing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Held at cost from 01/10/20 (previously 2% on cost).

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Edge Marketing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2022

275,176

275,176

At 30 September 2023

275,176

275,176

Depreciation

At 1 October 2022

49,536

49,536

At 30 September 2023

49,536

49,536

Carrying amount

At 30 September 2023

225,640

225,640

At 30 September 2022

225,640

225,640

Included within the net book value of land and buildings above is £225,640 (2022 - £225,640) in respect of freehold land and buildings.
 

 

The Edge Marketing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Investments

2023
£

2022
£

Investments in subsidiaries

30,408

30,408

Subsidiaries

£

Cost or valuation

At 1 October 2022

30,408

Provision

Carrying amount

At 30 September 2023

30,408

At 30 September 2022

30,408

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

247,781

253,117

Taxation and social security

 

873

1,068

Accruals and deferred income

 

950

950

Other creditors

 

889

738

 

250,493

255,873

 

The Edge Marketing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Related party transactions

Summary of transactions with subsidiaries

T.K.O. Marketing Consultants Limited
 During the year the company received rent of £24,000 (2022: £24,000) from T.K.O. Marketing Consultants Limited and management charges of £113,900 (2022: £121,000).
 

Loans from related parties

2023

Subsidiary
£

Total
£

At start of period

253,117

253,117

Advanced

118,664

118,664

Repaid

(124,000)

(124,000)

At end of period

247,781

247,781

2022

Subsidiary
£

Total
£

At start of period

245,505

245,505

Advanced

152,674

152,674

Repaid

(145,062)

(145,062)

At end of period

253,117

253,117