Effective Edge Limited 14703423 false 2023-03-03 2024-03-31 2024-03-31 The principal activity of the company is business development consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 14703423 2023-03-03 2024-03-31 14703423 2024-03-31 14703423 core:CurrentFinancialInstruments 2024-03-31 14703423 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14703423 core:FurnitureFittingsToolsEquipment 2024-03-31 14703423 core:MotorVehicles 2024-03-31 14703423 1 2024-03-31 14703423 bus:SmallEntities 2023-03-03 2024-03-31 14703423 bus:AuditExemptWithAccountantsReport 2023-03-03 2024-03-31 14703423 bus:FilletedAccounts 2023-03-03 2024-03-31 14703423 bus:SmallCompaniesRegimeForAccounts 2023-03-03 2024-03-31 14703423 bus:RegisteredOffice 2023-03-03 2024-03-31 14703423 bus:Director1 2023-03-03 2024-03-31 14703423 bus:PrivateLimitedCompanyLtd 2023-03-03 2024-03-31 14703423 core:FurnitureFittingsToolsEquipment 2023-03-03 2024-03-31 14703423 core:MotorVehicles 2023-03-03 2024-03-31 14703423 core:OfficeEquipment 2023-03-03 2024-03-31 14703423 core:PlantMachinery 2023-03-03 2024-03-31 14703423 countries:AllCountries 2023-03-03 2024-03-31 14703423 1 2023-03-03 2024-03-31 14703423 1 2023-03-02 iso4217:GBP xbrli:pure

Registration number: 14703423

Effective Edge Limited

Unaudited Filleted Financial Statements

for the Period from 3 March 2023 to 31 March 2024

 

Effective Edge Limited

Contents
for the Period from 3 March 2023 to 31 March 2024

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Effective Edge Limited

Company Information
for the Period from 3 March 2023 to 31 March 2024

Director

N Macmillan

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

14703423 ( England & Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Effective Edge Limited

(Registration number: 14703423)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

44,066

Current assets

 

Debtors

5

40,687

Cash at bank and in hand

 

14,557

 

55,244

Creditors: Amounts falling due within one year

6

(35,015)

Net current assets

 

20,229

Total assets less current liabilities

 

64,295

Provisions for liabilities

(11,017)

Net assets

 

53,278

Capital and reserves

 

Called up share capital

1

Retained earnings

53,277

Shareholders' funds

 

53,278

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2024
 

 

Effective Edge Limited

(Registration number: 14703423)
Balance Sheet as at 31 March 2024

.........................................
N Macmillan
Director

 

Effective Edge Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 17 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Effective Edge Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicle

25% Reducing balance

Office Equipment

33% Straight line

Plant and Machinery

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Amounts classified as receivable within one year are not amortised.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Effective Edge Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

4,584

41,990

46,574

At 31 March 2024

4,584

41,990

46,574

Depreciation

Charge for the period

758

1,750

2,508

At 31 March 2024

758

1,750

2,508

Carrying amount

At 31 March 2024

3,826

40,240

44,066

5

Debtors

Current

2024
£

Trade debtors

40,687

 

40,687

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

23,062

Accruals and deferred income

1,950

Other creditors

10,003

35,015

 

Effective Edge Limited

Notes to the Unaudited Financial Statements for the Period from 3 March 2023 to 31 March 2024

7

Related party transactions

2024

At 3 March 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Advances and credits

-

57,732

(67,736)

(10,004)

 

Other transactions with the director

The balance due to the director at the year end date was free of interest and deemed repayable on demand.