PTP Accounts Production v24.1.4.33 04267043 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042670432022-12-31042670432023-12-31042670432023-01-012023-12-31042670432021-12-31042670432022-01-012022-12-31042670432022-12-3104267043ns15:EnglandWales2023-01-012023-12-3104267043ns14:PoundSterling2023-01-012023-12-3104267043ns10:Director12023-01-012023-12-3104267043ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104267043ns10:SmallEntities2023-01-012023-12-3104267043ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104267043ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104267043ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104267043ns10:FullAccounts2023-01-012023-12-3104267043ns10:Director22023-01-012023-12-3104267043ns10:Director32023-01-012023-12-3104267043ns10:CompanySecretary12023-01-012023-12-3104267043ns10:RegisteredOffice2023-01-012023-12-3104267043ns5:CurrentFinancialInstruments2023-12-3104267043ns5:CurrentFinancialInstruments2022-12-3104267043ns5:Non-currentFinancialInstruments2023-12-3104267043ns5:Non-currentFinancialInstruments2022-12-3104267043ns5:ShareCapital2023-12-3104267043ns5:ShareCapital2022-12-3104267043ns5:RetainedEarningsAccumulatedLosses2023-12-3104267043ns5:RetainedEarningsAccumulatedLosses2022-12-3104267043ns5:FurnitureFittings2023-01-012023-12-3104267043ns5:FurnitureFittings2022-12-3104267043ns5:FurnitureFittings2023-12-3104267043ns5:FurnitureFittings2022-12-3104267043ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104267043ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104267043ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3104267043ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3104267043ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3104267043ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3104267043ns5:Non-currentFinancialInstruments2023-01-012023-12-31
REGISTERED NUMBER: 04267043 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Edgeley Limited

Edgeley Limited (Registered number: 04267043)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edgeley Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs L Adkins
D T Ashman
Mrs A F Ashman





SECRETARY: D T Ashman





REGISTERED OFFICE: Unit 7 Buckholt Business Centre Buckholt
Warndon
Worcester
Worcestershire
WR4 9ND





REGISTERED NUMBER: 04267043 (England and Wales)





ACCOUNTANTS: LR Business Services Limited
Old Orchard
Crown East Lane
Lower Broadheath
Worcester
Worcestershire
WR2 6RH

Edgeley Limited (Registered number: 04267043)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 7,750 7,750
Debtors 5 217,397 239,519
Cash at bank 7,116 14,925
232,263 262,194
CREDITORS
Amounts falling due within one year 6 278,213 304,555
NET CURRENT LIABILITIES (45,950 ) (42,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,950

)

(42,361

)

CREDITORS
Amounts falling due after more than
one year

7

24,167

29,167
NET LIABILITIES (70,117 ) (71,528 )

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings (75,117 ) (76,528 )
(70,117 ) (71,528 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Edgeley Limited (Registered number: 04267043)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mrs L Adkins - Director


Edgeley Limited (Registered number: 04267043)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Edgeley 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.

At the year end the company had net liabilities of £70,117. The trading performance of the company has improved in the six months to 30 June 2024, and together with the projections for the next 12 months, the directors consider it appropriate that the financial statements be prepared on a going concern basis.

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.
Fixtures and fittings - 25% on cost

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

Service contracts are accounted for under the stage of completion method and included at the contract value.

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


Edgeley Limited (Registered number: 04267043)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Debt factoring
Debt factoring is accounted for under separate presentation. The gross factored debts are shown under current assets, with the proceeds from the factor shown under current liabilities, as amounts due in respect of factored receivables.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 4,858
DEPRECIATION
At 1 January 2023
and 31 December 2023 4,858
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Edgeley Limited (Registered number: 04267043)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 10,526 10,024
Gross factored debts 105,726 109,496
Amounts due under contracts 98,034 112,964
Tax 49 3,599
Prepayments 3,062 3,436
217,397 239,519

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,000 5,833
Factoring account 73,500 67,332
Trade creditors 83,702 130,774
Social security and other taxes 27,427 33,430
VAT 73,041 40,596
Directors' loan accounts 4,655 21,324
Accrued expenses 10,888 5,266
278,213 304,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,167 19,167
24,167 29,167

The bank loan above relates to a loan taken under the Bounce Back loan scheme, repayable over 5 years.

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Factored receivables 73,500 67,332

The amounts due in respect of factored receivables are secured by the invoice finance factors over the company's sales ledger.

Edgeley Limited (Registered number: 04267043)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr D T Ashman and Mrs A F Ashman by virtue of them together having ownership of 100% of the issued share capital.