Company Registration No. 10406833 (England and Wales)
EDY ELECTRICAL LTD
Unaudited accounts
for the year ended 31 October 2023
EDY ELECTRICAL LTD
Unaudited accounts
Contents
EDY ELECTRICAL LTD
Company Information
for the year ended 31 October 2023
Company Number
10406833 (England and Wales)
Registered Office
70 Dunstalls
Harlow
CM19 5RB
United Kingdom
Accountants
EMILIA ACCOUNTANCY LTD
58
STROUD CREDCENT
LONDON
UK
SW15 3EJ
EDY ELECTRICAL LTD
Statement of financial position
as at 31 October 2023
Intangible assets
60,000
-
Tangible assets
39,906
20,476
Cash at bank and in hand
4,835
51,178
Creditors: amounts falling due within one year
6,463
(35,521)
Net current assets
84,944
86,321
Total assets less current liabilities
184,850
106,797
Creditors: amounts falling due after more than one year
(92,118)
(42,399)
Called up share capital
1
-
Profit and loss account
92,731
64,398
Shareholders' funds
92,732
64,398
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
MARIAN TOTOLICI
Director
Company Registration No. 10406833
EDY ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 October 2023
EDY ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10406833. The registered office is 70 Dunstalls, Harlow, CM19 5RB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
EDY ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
45,315
31,904
2,114
79,333
At 31 October 2023
45,315
41,878
2,114
89,307
At 1 November 2022
42,042
15,213
1,602
58,857
Charge for the year
3,376
2,381
-
5,757
On disposals
-
(15,213)
-
(15,213)
At 31 October 2023
45,418
2,381
1,602
49,401
At 31 October 2023
(103)
39,497
512
39,906
At 31 October 2022
3,273
16,691
512
20,476
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
(308)
14,363
Taxes and social security
54,961
430
Proposed dividends
(71,402)
-
Loans from directors
-
(12,285)
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
39,543
-
Taxes and social security
26,688
2,216
EDY ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 October 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).