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REGISTERED NUMBER: 08353933 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

EDWARDS & SON CONTRACTORS LIMITED

EDWARDS & SON CONTRACTORS LIMITED (REGISTERED NUMBER: 08353933)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EDWARDS & SON CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr M Edwards





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 08353933 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

EDWARDS & SON CONTRACTORS LIMITED (REGISTERED NUMBER: 08353933)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,661 50,694

CURRENT ASSETS
Stocks 5 19,313 45,222
Debtors 6 59,323 44,566
Cash at bank and in hand 29,476 57,378
108,112 147,166
CREDITORS
Amounts falling due within one year 7 104,265 129,595
NET CURRENT ASSETS 3,847 17,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,508

68,265

CREDITORS
Amounts falling due after more than one
year

8

(37,184

)

(54,137

)

PROVISIONS FOR LIABILITIES 10 (11,415 ) (9,632 )
NET ASSETS 909 4,496

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 809 4,396
SHAREHOLDERS' FUNDS 909 4,496

EDWARDS & SON CONTRACTORS LIMITED (REGISTERED NUMBER: 08353933)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 30 October 2024 and were signed by:





Mr M Edwards - Director


EDWARDS & SON CONTRACTORS LIMITED (REGISTERED NUMBER: 08353933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Edwards & Son Contractors 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.

GOING CONCERN
The accounts have been prepared on a going concern basis as the directors and shareholders have agreed to provide such funding as necessary to enable the company to continue to trade.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

EDWARDS & SON CONTRACTORS LIMITED (REGISTERED NUMBER: 08353933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 February 2023 10,169 - 79,646 - 89,815
Additions - 322 6,995 1,270 8,587
At 31 January 2024 10,169 322 86,641 1,270 98,402
Depreciation
At 1 February 2023 6,406 - 32,715 - 39,121
Charge for year 941 48 12,294 337 13,620
At 31 January 2024 7,347 48 45,009 337 52,741
Net book value
At 31 January 2024 2,822 274 41,632 933 45,661
At 31 January 2023 3,763 - 46,931 - 50,694

5. STOCKS
2024 2023
£    £   
Work-in-progress 19,313 45,222

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,567 8,102
Other debtors 50,756 36,464
59,323 44,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,952 6,952
Trade creditors 28,395 85,439
Taxation and social security 54,914 23,330
Other creditors 4,004 3,874
104,265 129,595

EDWARDS & SON CONTRACTORS LIMITED (REGISTERED NUMBER: 08353933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 23,851 30,804
37,184 54,137

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 30,803 37,756

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,415 9,632

Deferred
tax
£   
Balance at 1 February 2023 9,632
Provided during year 1,783
Balance at 31 January 2024 11,415

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

EDWARDS & SON CONTRACTORS LIMITED (REGISTERED NUMBER: 08353933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr M Edwards
Balance outstanding at start of year 36,432 9,273
Amounts advanced 14,269 27,159
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,701 36,432