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REGISTERED NUMBER: 06950462 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Edge Energy Limited

Edge Energy Limited (Registered number: 06950462)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edge Energy Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: T L Searight
D Broughton





SECRETARY: M L Peerun





REGISTERED OFFICE: Unit 4
Woodland Industrial Estate
Eden Vale Road
Westbury
Wiltshire
BA13 3QS





REGISTERED NUMBER: 06950462 (England and Wales)





ACCOUNTANTS: B20 Wessex Limited
Unit 1C
1 Lancaster House
Bowerhill
Melksham
Wiltshire
SN12 6TT

Edge Energy Limited (Registered number: 06950462)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 620,307 560,910
Tangible assets 5 18,107 15,151
638,414 576,061

CURRENT ASSETS
Stocks 741,503 511,546
Debtors 6 702,940 66,830
Cash at bank and in hand 131,861 739,927
1,576,304 1,318,303
CREDITORS
Amounts falling due within one year 7 395,981 458,028
NET CURRENT ASSETS 1,180,323 860,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,818,737

1,436,336

CREDITORS
Amounts falling due after more than one
year

8

32,407

43,529
NET ASSETS 1,786,330 1,392,807

CAPITAL AND RESERVES
Called up share capital 230 230
Share premium 99,970 99,970
Retained earnings 1,686,130 1,292,607
SHAREHOLDERS' FUNDS 1,786,330 1,392,807

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

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

Edge Energy Limited (Registered number: 06950462)

Balance Sheet - continued
31 July 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 18 April 2024 and were signed on its behalf by:




T L Searight - Director



D Broughton - Director


Edge Energy Limited (Registered number: 06950462)

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

1. STATUTORY INFORMATION

Edge Energy 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.

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.

Development costs
The materials, subcontract and staff costs for defined development projects that are feasible, viable and will bring in a future income stream are capitalised.

The costs will be amortised when the income stream starts or written off if no likelihood of any income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Edge Energy Limited (Registered number: 06950462)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022 948,818
Additions 353,020
At 31 July 2023 1,301,838
AMORTISATION
At 1 August 2022 387,908
Charge for year 293,623
At 31 July 2023 681,531
NET BOOK VALUE
At 31 July 2023 620,307
At 31 July 2022 560,910

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 175,117
Additions 14,917
At 31 July 2023 190,034
DEPRECIATION
At 1 August 2022 159,966
Charge for year 11,961
At 31 July 2023 171,927
NET BOOK VALUE
At 31 July 2023 18,107
At 31 July 2022 15,151

Edge Energy Limited (Registered number: 06950462)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 685,942 62,080
Other debtors 16,998 4,750
702,940 66,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 130,134 -
Trade creditors 88,476 99,165
Taxation and social security (22,514 ) (18,704 )
Other creditors 199,885 377,567
395,981 458,028

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 32,407 43,529

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,627 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 34,000 -
Between one and five years 170,000 -
In more than five years 19,833 -
223,833 -

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.