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REGISTERED NUMBER: 12349525 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ED (HERTS) LIMITED

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)






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


ED (HERTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: E Di Gesaro





REGISTERED OFFICE: 98/100 Fore Street
Hertford
SG14 1AB





REGISTERED NUMBER: 12349525 (England and Wales)





ACCOUNTANTS: CP Waites
Chartered Accountants
24 St Cuthberts Way
Darlington
DL1 1GB

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,000 140,000
Tangible assets 5 31,884 10,534
151,884 150,534

CURRENT ASSETS
Stocks 6,056 5,853
Debtors 6 17,374 1,518
Cash at bank and in hand 24,848 38,279
48,278 45,650
CREDITORS
Amounts falling due within one year 7 65,659 80,905
NET CURRENT LIABILITIES (17,381 ) (35,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,503

115,279

CREDITORS
Amounts falling due after more than one
year

8

(23,837

)

(13,578

)

PROVISIONS FOR LIABILITIES 11 (5,100 ) (200 )
NET ASSETS 105,566 101,501

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 105,466 101,401
SHAREHOLDERS' FUNDS 105,566 101,501

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.

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





E Di Gesaro - Director


ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

1. STATUTORY INFORMATION

ED (Herts) 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 represents net invoiced sales of goods and services, excluding value added tax.

Intangible fixed assets
Goodwill is being amortised in equal instalments over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

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

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

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company contributes to an auto enrolment pension scheme. Contributions paid are charged to the profit and loss account in the period to which they relate.

Grants
Grants in respect of revenue expenditure are credited to the profit and loss account in the period the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 200,000
AMORTISATION
At 1 January 2023 60,000
Charge for year 20,000
At 31 December 2023 80,000
NET BOOK VALUE
At 31 December 2023 120,000
At 31 December 2022 140,000

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 25,099 - 25,099
Additions - 29,695 29,695
At 31 December 2023 25,099 29,695 54,794
DEPRECIATION
At 1 January 2023 14,565 - 14,565
Charge for year 4,633 3,712 8,345
At 31 December 2023 19,198 3,712 22,910
NET BOOK VALUE
At 31 December 2023 5,901 25,983 31,884
At 31 December 2022 10,534 - 10,534

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 29,695
At 31 December 2023 29,695
DEPRECIATION
Charge for year 3,712
At 31 December 2023 3,712
NET BOOK VALUE
At 31 December 2023 25,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 17,374 1,518

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan 6,728 6,408
Hire purchase contracts (see note 9) 1,966 -
Trade creditors 4,761 4,604
Corporation tax 7,573 14,034
Social security and other taxes 14,515 15,644
Director's current account 26,330 37,763
Accrued expenses 3,786 2,452
65,659 80,905

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan repayable in two to five years by
instalments

-

13,578
Hire purchase contracts (see note 9) 23,837 -
23,837 13,578

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 1,966 -
Between one and five years 23,837 -
25,803 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 30,000 30,000
Between one and five years - 30,000
30,000 60,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 25,803 -

The hire purchase is secured over the asset to which it relates

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,100 200

Deferred
tax
£   
Balance at 1 January 2023 200
Movement 4,900
Balance at 31 December 2023 5,100

Deferred tax has been fully provided and related to accelerated capital allowances.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A ordinary 1 50 50
50 B ordinary 1 50 50
100 100

13. RELATED PARTY DISCLOSURES

During the year, rent of £30,000 (2022 - £30,000) was paid to the director for the use of premises which are owned by him.

During the year, the company paid dividends of £14,268 (2022 - £14,850) to Mr E Di Gesaro and £10,400 (2022 - £12,600) to his wife Mrs C Di Gesaro.

14. ULTIMATE CONTROLLING PARTY

Mr E Di Gesaro and his wife Mrs C Di Gesaro own the entire issued share capital of the company.