Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06319059 Mr Alan O'Neill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06319059 2023-07-31 06319059 2024-07-31 06319059 2023-08-01 2024-07-31 06319059 frs-core:CurrentFinancialInstruments 2024-07-31 06319059 frs-core:Non-currentFinancialInstruments 2024-07-31 06319059 frs-core:MotorVehicles 2023-08-01 2024-07-31 06319059 frs-core:ShareCapital 2024-07-31 06319059 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06319059 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06319059 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 06319059 frs-bus:SmallEntities 2023-08-01 2024-07-31 06319059 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06319059 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06319059 frs-core:CostValuation 2023-07-31 06319059 frs-core:CostValuation 2024-07-31 06319059 frs-bus:Director1 2023-08-01 2024-07-31 06319059 frs-countries:EnglandWales 2023-08-01 2024-07-31 06319059 2022-07-31 06319059 2023-07-31 06319059 2022-08-01 2023-07-31 06319059 frs-core:CurrentFinancialInstruments 2023-07-31 06319059 frs-core:Non-currentFinancialInstruments 2023-07-31 06319059 frs-core:ShareCapital 2023-07-31 06319059 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 06319059
THEEDGE.VENTURES LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06319059
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,188 -
Investment Properties 5 205,559 205,559
Investments 6 440,445 440,445
695,192 646,004
CURRENT ASSETS
Debtors 148,691 103,991
Cash at bank and in hand 8,089 12,013
156,780 116,004
Creditors: Amounts Falling Due Within One Year (540,191 ) (526,054 )
NET CURRENT ASSETS (LIABILITIES) (383,411 ) (410,050 )
TOTAL ASSETS LESS CURRENT LIABILITIES 311,781 235,954
Creditors: Amounts Falling Due After More Than One Year (100,000 ) (100,000 )
NET ASSETS 211,781 135,954
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 210,781 134,954
SHAREHOLDERS' FUNDS 211,781 135,954
Page 1
Page 2
For the year ending 31 July 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 director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Alan O'Neill
Director
25th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
THEEDGE.VENTURES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 06319059 . The registered office is 151B Bury New Road, Whitefield, Manchester, M45 6AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 -
Additions 49,188
As at 31 July 2024 49,188
Net Book Value
As at 31 July 2024 49,188
As at 1 August 2023 -
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 205,559
6. Investments
Total
£
Cost
As at 1 August 2023 440,445
As at 31 July 2024 440,445
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 440,445
As at 1 August 2023 440,445
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1,000 1,000
Amount of Allotted, Called Up Share Capital 1,000 1,000
Page 4