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REGISTERED NUMBER: 03438831 (England and Wales)















STEVE EDGE DESIGN LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






STEVE EDGE DESIGN LIMITED (REGISTERED NUMBER: 03438831)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEVE EDGE DESIGN LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: S G Edge
Mrs S Edge
T West
D Freshwater





REGISTERED OFFICE: Nightingale House
46/48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 03438831 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

STEVE EDGE DESIGN LIMITED (REGISTERED NUMBER: 03438831)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,122 58,890

CURRENT ASSETS
Stocks 36,600 15,800
Debtors 5 422,796 342,937
Cash at bank and in hand 302,507 304,949
761,903 663,686
CREDITORS
Amounts falling due within one year 6 280,512 241,009
NET CURRENT ASSETS 481,391 422,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,513

481,567

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 532,511 481,565
SHAREHOLDERS' FUNDS 532,513 481,567

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

STEVE EDGE DESIGN LIMITED (REGISTERED NUMBER: 03438831)

Balance Sheet - continued
31 March 2024


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 16 July 2024 and were signed on its behalf by:




Mrs S Edge - Director



S G Edge - Director


STEVE EDGE DESIGN LIMITED (REGISTERED NUMBER: 03438831)

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

1. STATUTORY INFORMATION

Steve Edge Design 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.

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

The financial statements are presented in Sterling which is the functional currency of the company.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

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.


STEVE EDGE DESIGN LIMITED (REGISTERED NUMBER: 03438831)

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

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 231,831
Additions 10,829
At 31 March 2024 242,660
DEPRECIATION
At 1 April 2023 172,941
Charge for year 18,597
At 31 March 2024 191,538
NET BOOK VALUE
At 31 March 2024 51,122
At 31 March 2023 58,890

STEVE EDGE DESIGN LIMITED (REGISTERED NUMBER: 03438831)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 35,494
Transfer to ownership (35,494 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 28,395
Transfer to ownership (28,395 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 7,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 408,875 327,266
Other debtors 13,921 15,671
422,796 342,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,749 25,974
Taxation and social security 161,491 115,265
Other creditors 105,272 99,770
280,512 241,009

STEVE EDGE DESIGN LIMITED (REGISTERED NUMBER: 03438831)

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

7. RESERVES
Retained
earnings
£   

At 1 April 2023 481,565
Profit for the year 176,946
Dividends (126,000 )
At 31 March 2024 532,511