Edwards Bailey Limited Filleted Accounts Cover
Edwards Bailey Limited
Company No. 11466626
Information for Filing with The Registrar
31 March 2023
Edwards Bailey Limited Balance Sheet Registrar
at
31 March 2023
Company No.
11466626
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
4,7826,456
4,7826,456
Current assets
Debtors
5
47,74531,308
Cash at bank and in hand
59,81567,187
107,56098,495
Creditors: Amount falling due within one year
6
(40,342)
(37,601)
Net current assets
67,21860,894
Total assets less current liabilities
72,00067,350
Net assets
72,00067,350
Capital and reserves
Called up share capital
100100
Profit and loss account
7
71,90067,250
Total equity
72,00067,350
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 March 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2023
And signed on its behalf by:
B. Edwards
Director
31 March 2023
Edwards Bailey Limited Notes to the Accounts Registrar
for the period ended 31 March 2023
1
General information
Its registered number is: 11466626
Its registered office is:
83 Fairlane Drive
South Ockendon
Essex
RM15 5FA
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
2
Accounting policies
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the period:
55
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 September 2022
12,01012,010
Additions
764764
At 31 March 2023
12,77412,774
Depreciation
At 1 September 2022
5,5545,554
Charge for the year
2,4382,438
At 31 March 2023
7,9927,992
Net book values
At 31 March 2023
4,7824,782
At 31 August 2022
6,4566,456
5
Debtors
2023
2022
£
£
Trade debtors
47,74531,308
47,74531,308
6
Creditors amounts falling due within one year:
2023
2022
£
£
Corporation tax
9,9724,320
Other taxes and social security
30,37018,305
Loans from directors
-14,976
40,34237,601
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
18,000
2,000
18,000
2,000
Dividends by type:
Equity dividends
18,0002,000
18,000
2,000
9
Related party disclosures
At the balance sheet date £nil was owed to the director by the company.
Controlling party
Immediate controlling party
B. Edwards
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