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REGISTERED NUMBER: 10403428 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

EDWARDS & CUBITT LTD

EDWARDS & CUBITT LTD (REGISTERED NUMBER: 10403428)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDWARDS & CUBITT LTD

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: J P Edwards
M J Cubitt





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 10403428 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

EDWARDS & CUBITT LTD (REGISTERED NUMBER: 10403428)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,095 6,794

CURRENT ASSETS
Stocks 7,942 5,250
Debtors 5 24,080 25,686
Prepayments and accrued income 9,271 9,058
Cash at bank and in hand 22,180 9,817
63,473 49,811
CREDITORS
Amounts falling due within one year 6 50,542 31,867
NET CURRENT ASSETS 12,931 17,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,026

24,738

CREDITORS
Amounts falling due after more than one
year

7

12,295

18,282
NET ASSETS 5,731 6,456

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 5,726 6,451
5,731 6,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

EDWARDS & CUBITT LTD (REGISTERED NUMBER: 10403428)

BALANCE SHEET - continued
30 September 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 29 September 2024 and were signed on its behalf by:




J P Edwards - Director



M J Cubitt - Director


EDWARDS & CUBITT LTD (REGISTERED NUMBER: 10403428)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Edwards & Cubitt Ltd 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.

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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

EDWARDS & CUBITT LTD (REGISTERED NUMBER: 10403428)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 34,096
DEPRECIATION
At 1 October 2022 27,302
Charge for year 1,699
At 30 September 2023 29,001
NET BOOK VALUE
At 30 September 2023 5,095
At 30 September 2022 6,794

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 21,209
DEPRECIATION
At 1 October 2022 16,177
Charge for year 1,258
At 30 September 2023 17,435
NET BOOK VALUE
At 30 September 2023 3,774
At 30 September 2022 5,032

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,427 19,464
Other debtors 9,653 6,222
24,080 25,686

EDWARDS & CUBITT LTD (REGISTERED NUMBER: 10403428)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Finance leases 3,252 3,252
Trade creditors 19,629 1,398
Taxation and social security 20,611 17,056
Other creditors 3,050 6,161
50,542 31,867

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,000 11,000
Finance leases 5,295 7,282
12,295 18,282

8. RELATED PARTY DISCLOSURES

Included in other creditors is £1,345 (2022 - £4,456) owed to the directors.