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REGISTERED NUMBER: 04997404 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Edgeley Sports And Fishing Limited

Edgeley Sports And Fishing Limited (Registered number: 04997404)






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


Edgeley Sports And Fishing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B Pearce





SECRETARY: Mrs D Pearce





REGISTERED OFFICE: 33-35 Castle St
Stockport
Cheshire
SK3 9AT





REGISTERED NUMBER: 04997404 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Edgeley Sports And Fishing Limited (Registered number: 04997404)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,129 2,661

CURRENT ASSETS
Stocks 55,380 56,208
Cash in hand 2,965 6,706
58,345 62,914
CREDITORS
Amounts falling due within one year 5 45,527 42,178
NET CURRENT ASSETS 12,818 20,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,947

23,397

CREDITORS
Amounts falling due after more than one
year

6

(11,932

)

(20,250

)

PROVISIONS FOR LIABILITIES (405 ) (506 )
NET ASSETS 2,610 2,641

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,510 2,541
SHAREHOLDERS' FUNDS 2,610 2,641

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 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.

Edgeley Sports And Fishing Limited (Registered number: 04997404)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





B Pearce - Director


Edgeley Sports And Fishing Limited (Registered number: 04997404)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Edgeley Sports And Fishing 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.

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.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Edgeley Sports And Fishing Limited (Registered number: 04997404)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 7,993
DEPRECIATION
At 1 April 2023 5,332
Charge for year 532
At 31 March 2024 5,864
NET BOOK VALUE
At 31 March 2024 2,129
At 31 March 2023 2,661

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 7) 17,318 14,782
Trade creditors 13,102 16,773
Tax 9,121 5,289
VAT 2,750 2,056
Directors' current accounts 947 1,113
Accruals and deferred income 2,289 2,165
45,527 42,178

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 7) 11,932 20,250

Edgeley Sports And Fishing Limited (Registered number: 04997404)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,659 5,782
Bank loans - less than 1 yr 8,659 9,000
17,318 14,782

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,932 20,250

8. ULTIMATE CONTROLLING PARTY

The controlling party is B Pearce.