Engineering Edge Limited
Registered number: 11065829
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 3 3
Cash at bank and in hand 21,840 19,283
21,843 19,286
Creditors: amounts falling due within one year 5 (26,258) (19,369)
Net current liabilities (4,415) (83)
Net liabilities (4,222) (83)
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,322) (183)
Shareholders' funds (4,222) (83)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Joseph Groves
Director
Approved by the board on 11 April 2024
Engineering Edge Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax, of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates
Office equipment over 3 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. revenue is recognised.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2023 559
At 31 March 2024 847
Depreciation
At 1 April 2023 559
Charge for the year 95
At 31 March 2024 654
Net book value
At 31 March 2024 193
At 31 March 2023 -
4 Debtors 2024 2023
£ £
Trade debtors 3 3
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 16,952 11,188
Other taxes and social security costs 3,676 3,851
Directors' loan accounts 5,630 4,330
26,258 19,369
6 Other information
Engineering Edge Limited is a private company limited by shares and incorporated in England. Its registered office is:
35 FARLEIGH ROAD
BACKWELL
BRISTOL
UNITED KINGDOM
BS48 3PB
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