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REGISTERED NUMBER: 04219821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EDGARS LIMITED

EDGARS LIMITED (REGISTERED NUMBER: 04219821)






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


EDGARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D P Norris
Mrs J Norris
Mr J Westerman





SECRETARY: Mrs J Norris





REGISTERED OFFICE: The Old Bank
39 Market Square
Witney
OX28 6AD





REGISTERED NUMBER: 04219821 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,051 15,379

CURRENT ASSETS
Stocks - 5,750
Debtors 5 260,030 240,017
Cash at bank and in hand 385,388 386,910
645,418 632,677
CREDITORS
Amounts falling due within one year 6 153,313 234,818
NET CURRENT ASSETS 492,105 397,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,156

413,238

PROVISIONS FOR LIABILITIES 7 2,244 -
NET ASSETS 500,912 413,238

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 500,811 413,137
SHAREHOLDERS' FUNDS 500,912 413,238

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mrs J Norris - Director


EDGARS LIMITED (REGISTERED NUMBER: 04219821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Edgars 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services excluding value added tax plus estimates of amounts not invoiced. These amounts are recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress represents revenue recognised to reflect partial performance of contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,724 15,666 40,607 64,997
Additions - - 3,464 3,464
Disposals - (280 ) (4,986 ) (5,266 )
At 31 March 2024 8,724 15,386 39,085 63,195
DEPRECIATION
At 1 April 2023 5,379 12,040 32,199 49,618
Charge for year 873 891 5,942 7,706
Eliminated on disposal - (194 ) (4,986 ) (5,180 )
At 31 March 2024 6,252 12,737 33,155 52,144
NET BOOK VALUE
At 31 March 2024 2,472 2,649 5,930 11,051
At 31 March 2023 3,345 3,626 8,408 15,379

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 230,375 199,816
Rent deposit 9,625 9,625
Greenwood Projects Ltd 8,637 7,889
Deferred tax asset - 14,708
Accrued income (1,603 ) (1,092 )
Prepayments 12,996 9,071
260,030 240,017

EDGARS LIMITED (REGISTERED NUMBER: 04219821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,285 9,609
Tax 29,230 38,028
Social security and other taxes 18,755 15,919
Pension contributions 3,782 74,979
VAT 58,933 59,062
Proposed dividends 5,000 -
Other creditors 3,545 56
Directors' current accounts 624 506
Deferred rent (4,525 ) (3,081 )
Accrued expenses 25,684 39,740
153,313 234,818

7. PROVISIONS FOR LIABILITIES
31.3.24
£   
Deferred tax
Accelerated capital allowances 2,244

Deferred
tax
£   
Balance at 1 April 2023 (14,708 )
Credit to Profit and loss account during year (898 )
Accrued pension contribution 17,850
Balance at 31 March 2024 2,244

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
40 Ordinary A £1 40 40
60 Ordinary B £1 60 60
1 Ordinary C £1 1 1
101 101