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REGISTERED NUMBER: 02639039 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Edwards of Sale Limited

Edwards of Sale Limited (Registered number: 02639039)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Edwards of Sale Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: P A Johnson





REGISTERED OFFICE: 386 Washway Road
Sale
Cheshire
M33 4JH





REGISTERED NUMBER: 02639039 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Edwards of Sale Limited (Registered number: 02639039)

Balance Sheet
31 January 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 10,100 13,386
Investments 5 4,077 4,077
14,177 17,463

CURRENT ASSETS
Stocks 68,300 75,300
Debtors 6 49,401 45,482
Cash at bank and in hand 29,185 26,747
146,886 147,529
CREDITORS
Amounts falling due within one year 7 (80,850 ) (63,637 )
NET CURRENT ASSETS 66,036 83,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,213

101,355

CREDITORS
Amounts falling due after more than one year 8 (3,750 ) (7,000 )

PROVISIONS FOR LIABILITIES (1,919 ) (2,543 )
NET ASSETS 74,544 91,812

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 74,344 91,612
SHAREHOLDERS' FUNDS 74,544 91,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 April 2024 and were signed by:




P A Johnson - Director


Edwards of Sale Limited (Registered number: 02639039)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Edwards of Sale 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold- 10% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks are recognised as an expense in the period in which the related revenue is recognised.

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.

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.

Share capital
Ordinary shares are classed as equity.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Edwards of Sale Limited (Registered number: 02639039)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Fixed asset investments
Fixed asset investments represent market value of crypto currency at the balance sheet date which have been mined by the company. These are reviewed each year with any changes in value being taken to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 February 2023 28,970 31,666 60,636
Additions - 817 817
At 31 January 2024 28,970 32,483 61,453
DEPRECIATION
At 1 February 2023 27,030 20,220 47,250
Charge for year 194 3,909 4,103
At 31 January 2024 27,224 24,129 51,353
NET BOOK VALUE
At 31 January 2024 1,746 8,354 10,100
At 31 January 2023 1,940 11,446 13,386

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1 February 2023
and 31 January 2024 4,077
NET BOOK VALUE
At 31 January 2024 4,077
At 31 January 2023 4,077

Cost or valuation at 31 January 2024 is represented by:

Other
investments
£
Cost 4,077

Fixed Asset investments represent market value of crypto currency held at the balance sheet date.

Edwards of Sale Limited (Registered number: 02639039)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,449 -
Other debtors 46,952 45,482
49,401 45,482

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Trade creditors 34,536 17,911
Taxation and social security 1,704 23,066
Other creditors 41,610 19,660
80,850 63,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 3,750 7,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is P A Johnson.

10. ULTIMATE PARENT COMPANY

Johnsons of Sale Ltd is regarded by the director as being the company's ultimate parent company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Edwards of Sale Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edwards of Sale Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Edwards of Sale Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edwards of Sale Limited and state those matters that we have agreed to state to the director of Edwards of Sale Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edwards of Sale Limited and its director for our work or for this report.

It is your duty to ensure that Edwards of Sale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edwards of Sale Limited. You consider that Edwards of Sale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edwards of Sale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


29 April 2024