Company Registration No. 07118851 (England and Wales)
Edison Pope Ltd.
Unaudited accounts
for the year ended 31 May 2024
Edison Pope Ltd.
Unaudited accounts
Contents
Edison Pope Ltd.
Company Information
for the year ended 31 May 2024
Directors
Damien McNeaney
Philip Smith
Company Number
07118851 (England and Wales)
Registered Office
48 The Union Carriage Works
48 Guildhall Street
Preston
PR1 3AS
Edison Pope Ltd.
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
265,731
277,598
Creditors: amounts falling due within one year
(162,263)
(126,482)
Net current assets
215,861
245,434
Total assets less current liabilities
215,861
247,649
Creditors: amounts falling due after more than one year
(234,496)
(303,181)
Net liabilities
(18,635)
(55,532)
Called up share capital
400
400
Share premium
24,990
24,990
Profit and loss account
(44,025)
(80,922)
Shareholders' funds
(18,635)
(55,532)
For the year ending 31 May 2024 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 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 of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by
Damien McNeaney
Director
Company Registration No. 07118851
Edison Pope Ltd.
Notes to the Accounts
for the year ended 31 May 2024
Edison Pope Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07118851. The registered office is 48 The Union Carriage Works, 48 Guildhall Street, Preston, PR1 3AS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Edison Pope Ltd.
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
21,071
42,668
63,739
At 31 May 2024
21,071
42,668
63,739
At 1 June 2023
18,856
42,668
61,524
Charge for the year
2,215
-
2,215
At 31 May 2024
21,071
42,668
63,739
At 31 May 2023
2,215
-
2,215
Amounts falling due within one year
Trade debtors
15,081
86,195
Accrued income and prepayments
24,797
2,817
Other debtors
72,515
5,306
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,075
36,261
Taxes and social security
21,610
(28,734)
Other creditors
20,813
25,637
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
234,496
303,181
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).