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REGISTERED NUMBER: 08408284 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

EDGE IT HOLDINGS (UK) LIMITED

EDGE IT HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08408284)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EDGE IT HOLDINGS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs L Edge
C D Edge





REGISTERED OFFICE: Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 08408284 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

EDGE IT HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08408284)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,253 73,636
Tangible assets 5 - -
Investments 6 2,000 2,000
86,253 75,636

CURRENT ASSETS
Debtors 7 67,785 79,897
Cash at bank 406 4,020
68,191 83,917
CREDITORS
Amounts falling due within one year 8 119,521 116,025
NET CURRENT LIABILITIES (51,330 ) (32,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,923 43,528

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 34,913 43,518
34,923 43,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 14 February 2024 and were signed on its behalf by:





C D Edge - Director


EDGE IT HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08408284)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Edge It Holdings (Uk) 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 as modified by the revaluation of certain assets.

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 arising on the acquisition of an entity represents the excess of the cost of acquisition over the
company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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 are being amortised evenly over their estimated useful life of eight years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


EDGE IT HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08408284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 May 2022 33,000 150,830 183,830
Additions - 29,672 29,672
At 30 April 2023 33,000 180,502 213,502
AMORTISATION
At 1 May 2022 33,000 77,194 110,194
Amortisation for year - 19,055 19,055
At 30 April 2023 33,000 96,249 129,249
NET BOOK VALUE
At 30 April 2023 - 84,253 84,253
At 30 April 2022 - 73,636 73,636

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2022
and 30 April 2023 3,500
DEPRECIATION
At 1 May 2022
and 30 April 2023 3,500
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

EDGE IT HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08408284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 May 2022
and 30 April 2023 2,000
NET BOOK VALUE
At 30 April 2023 2,000
At 30 April 2022 2,000

Cost or valuation at 30 April 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2021 108
Valuation in 2022 (108 )
Cost 2,000
2,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Edge IT Systems Limited
Registered office: Baird House, Seebeck Place, Knowhill, Milton Keynes, Buckinghamshire, United Kingdom, MK5 8FR
Nature of business: develop and sell software and provide support.
%
Class of shares: holding
Ordinary 100.00

Edge Hosted Services Limited
Registered office: Baird House, Seebeck Place, Knowhill, Milton Keynes, Buckinghamshire, United Kingdom, MK5 8FR
Nature of business: develop and sell software and provide support.
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 17,397
Amounts owed by associates 64,441 61,191
Other debtors 3,344 1,309
67,785 79,897

EDGE IT HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08408284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,321 3,104
Amounts owed to group undertakings 83,857 89,562
Corporation tax 22,204 8,924
Social security and other taxes 165 410
Other creditors - 10,000
Directors' current accounts 1,159 2,375
Accrued expenses 1,815 1,650
119,521 116,025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors £1,159 (£2,375 - 2022).