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REGISTERED NUMBER: 07455863 (England and Wales)















F. EDMED & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






F. EDMED & SONS LIMITED (REGISTERED NUMBER: 07455863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


F. EDMED & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs K F Evans
Mr N F Edmed
Mr J G Edmed
Mr S F Edmed





REGISTERED OFFICE: Street Farm
Chartway Street
East Sutton
MAIDSTONE
Kent
ME17 3DW





REGISTERED NUMBER: 07455863 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Sittingbourne
Kent
ME9 8PX

F. EDMED & SONS LIMITED (REGISTERED NUMBER: 07455863)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 376,844 254,153
Investments 6 - -
376,844 254,153

CURRENT ASSETS
Stocks 5,850 5,560
Debtors 7 1,185,817 1,057,293
Cash at bank and in hand 2,471,417 2,016,475
3,663,084 3,079,328
CREDITORS
Amounts falling due within one year 8 1,885,449 2,152,714
NET CURRENT ASSETS 1,777,635 926,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,154,479

1,180,767

PROVISIONS FOR LIABILITIES 63,021 21,558
NET ASSETS 2,091,458 1,159,209

CAPITAL AND RESERVES
Called up share capital 9 700 300
Retained earnings 2,090,758 1,158,909
SHAREHOLDERS' FUNDS 2,091,458 1,159,209

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.

F. EDMED & SONS LIMITED (REGISTERED NUMBER: 07455863)

STATEMENT OF FINANCIAL POSITION - 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 24 September 2024 and were signed on its behalf by:





Mr N F Edmed - Director


F. EDMED & SONS LIMITED (REGISTERED NUMBER: 07455863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

F. Edmed & Sons 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

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 - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% 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.

F. EDMED & SONS LIMITED (REGISTERED NUMBER: 07455863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

F. EDMED & SONS LIMITED (REGISTERED NUMBER: 07455863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 37,358 300,830 2,674 340,862
Additions - 224,779 - 224,779
Disposals - (43,950 ) - (43,950 )
At 31 December 2023 37,358 481,659 2,674 521,691
DEPRECIATION
At 1 January 2023 7,931 77,903 875 86,709
Charge for year 5,885 59,916 450 66,251
Eliminated on disposal - (8,113 ) - (8,113 )
At 31 December 2023 13,816 129,706 1,325 144,847
NET BOOK VALUE
At 31 December 2023 23,542 351,953 1,349 376,844
At 31 December 2022 29,427 222,927 1,799 254,153

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 400
Impairments (400 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,998 233
Other debtors 758,014 796,992
Prepayments and accrued income 414,805 260,068
1,185,817 1,057,293

F. EDMED & SONS LIMITED (REGISTERED NUMBER: 07455863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 10,784 19,561
Other taxes and PAYE taxes 18,283 245,528
VAT 15,743 -
Other creditors - 69,500
Directors' Current Accounts 1,673,203 1,658,577
Accruals and deferred income 167,436 159,548
1,885,449 2,152,714

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
700 Ordinary £1 700 300

400 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

10. RELATED PARTY DISCLOSURES

During the previous year, F Edmed & Sons had given F Edmed & Sons Limited a license to trade as F Edmed & Sons, this licence has now ceased. The fee paid to F Edmed & Sons this year was £nil (2022: £20,000+VAT).