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REGISTERED NUMBER: 06725522 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Daniel Edwards Limited

Daniel Edwards Limited (Registered number: 06725522)






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

Chartered Accountants' Report 7

Daniel Edwards Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D R Edwards





SECRETARY: Mrs G Edwards





REGISTERED OFFICE: 9 Western Road
Launceston
Cornwall
PL15 7AR





REGISTERED NUMBER: 06725522 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Daniel Edwards Limited (Registered number: 06725522)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 522,285 398,903
522,285 398,903

CURRENT ASSETS
Stocks 6,250 5,000
Debtors 6 346,619 351,561
Cash at bank 69,041 352,912
421,910 709,473
CREDITORS
Amounts falling due within one year 7 219,067 525,983
NET CURRENT ASSETS 202,843 183,490
TOTAL ASSETS LESS CURRENT LIABILITIES 725,128 582,393

PROVISIONS FOR LIABILITIES 72,517 44,149
NET ASSETS 652,611 538,244

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 652,610 538,243
652,611 538,244

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 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.

Daniel Edwards Limited (Registered number: 06725522)

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 director and authorised for issue on 19 September 2024 and were signed by:





D R Edwards - Director


Daniel Edwards Limited (Registered number: 06725522)

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

1. STATUTORY INFORMATION

Daniel Edwards 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

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 - 15% 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 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.

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.

Daniel Edwards Limited (Registered number: 06725522)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 8,000
AMORTISATION
At 1 January 2023
and 31 December 2023 8,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 166,539 441,281 607,820
Additions 148,948 125,700 274,648
Disposals (83,270 ) (66,500 ) (149,770 )
At 31 December 2023 232,217 500,481 732,698
DEPRECIATION
At 1 January 2023 - 208,917 208,917
Charge for year - 51,189 51,189
Eliminated on disposal - (49,693 ) (49,693 )
At 31 December 2023 - 210,413 210,413
NET BOOK VALUE
At 31 December 2023 232,217 290,068 522,285
At 31 December 2022 166,539 232,364 398,903

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 112,565 350,764
Other debtors 234,054 797
346,619 351,561

Daniel Edwards Limited (Registered number: 06725522)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 121,625 199,963
Taxation and social security 82,851 104,907
Other creditors 14,591 221,113
219,067 525,983

8. RELATED PARTY DISCLOSURES

As at 31 December 23 Mr D Edwards owed the company an amount of £181,811 (31 December 22 the company owed Mr D Edwards £208,028). Interest is charged on the loan at 2.25% and it is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D R Edwards.

Daniel Edwards by virtue of his shareholding and directorship, controls the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Daniel Edwards Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Daniel Edwards Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Daniel Edwards Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Daniel Edwards Limited and state those matters that we have agreed to state to the director of Daniel Edwards Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Daniel Edwards Limited and its director for our work or for this report.

It is your duty to ensure that Daniel Edwards Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Daniel Edwards Limited. You consider that Daniel Edwards Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Daniel Edwards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


19 September 2024