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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
Page
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EDY ELECTRICAL LTD Company Information for the year ended 31 October 2023
Director
MARIAN TOTOLICI
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
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EDY ELECTRICAL LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
60,000 
- 
Tangible assets
39,906 
20,476 
99,906 
20,476 
Current assets
Inventories
2,965 
- 
Debtors
70,681 
70,664 
Cash at bank and in hand
4,835 
51,178 
78,481 
121,842 
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)
Net assets
92,732 
64,398 
Capital and reserves
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
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EDY ELECTRICAL LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
- 
Additions
60,000 
At 31 October 2023
60,000 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
60,000 
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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 
Additions
- 
9,974 
- 
9,974 
At 31 October 2023
45,315 
41,878 
2,114 
89,307 
Depreciation
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 
Net book value
At 31 October 2023
(103)
39,497 
512 
39,906 
At 31 October 2022
3,273 
16,691 
512 
20,476 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,792 
- 
Other debtors
62,889 
- 
70,681 
- 
Amounts falling due after more than one year
Trade debtors
- 
70,664 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,286 
33,013 
Trade creditors
(308)
14,363 
Taxes and social security
54,961 
430 
Proposed dividends
(71,402)
- 
Loans from directors
- 
(12,285)
(6,463)
35,521 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,687 
40,183 
Obligations under finance leases and hire purchase contracts
39,543 
- 
Taxes and social security
26,688 
2,216 
Deferred income
(7,800)
- 
92,118 
42,399 
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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).
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