Registered number
05194544
Edwards Technical Limited
Unaudited Filleted Accounts
31 March 2024
Edwards Technical Limited
Registered number: 05194544
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 182,958 190,696
Current assets
Stocks 20,000 23,500
Debtors 4 787,877 696,149
Cash at bank and in hand 531,902 804,689
1,339,779 1,524,338
Creditors: amounts falling due within one year 5 (608,468) (484,988)
Net current assets 731,311 1,039,350
Total assets less current liabilities 914,269 1,230,046
Provisions for liabilities 6 (134,850) (121,070)
Net assets 779,419 1,108,976
Capital and reserves
Called up share capital 2 2
Profit and loss account 779,417 1,108,974
Shareholders' funds 779,419 1,108,976
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 and delivered 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.
M Lockley
Director
Approved by the board on 24 October 2024
Edwards Technical 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 (as applied to small entities by section 1A of the standard).
Turnover / snagging costs
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, and is recognised as earned. Turnover as billed does also, however, recognise that there may be further work (snagging) to undertake upon projects. These snagging costs are provided for based on long-run historical costs incurred.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation, which is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 33-50% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
Tax payable on the company's taxable profits is recognised as a creditor and timing differences between the recognition of items in the accounts and for tax assessment are recognised as a deferred liability.
Provisions
Provisions for liabilities of uncertain timing or amount are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases under which lease payments are recognised as an expense on a straight line basis over the lease term. The leases held by the company are all considered to be operating leases.
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 31 32
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 133,245 19,445 319,263 471,953
Additions - - 48,846 48,846
Disposals - - (16,496) (16,496)
At 31 March 2024 133,245 19,445 351,613 504,303
Depreciation
At 1 April 2023 131,403 16,578 133,276 281,257
Charge for the year 372 717 51,145 52,234
On disposals - - (12,146) (12,146)
At 31 March 2024 131,775 17,295 172,275 321,345
Net book value
At 31 March 2024 1,470 2,150 179,338 182,958
At 31 March 2023 1,842 2,867 185,987 190,696
4 Debtors 2024 2023
£ £
Trade debtors 681,852 576,359
Other debtors 106,025 119,790
787,877 696,149
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 347,856 320,379
Taxation and social security costs 241,662 142,953
Other creditors 18,950 21,656
608,468 484,988
6 Provisions for liabilities
Snagging Deferred
costs tax Total
£ £ £
At 1 April 2023 85,320 35,750 121,070
Charged to profit and loss 12,030 1,750 13,780
At 31 March 2024 97,350 37,500 134,850
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 116,400 140,900
8 Other information
Edwards Technical Limited is wholly-owned by Edwards Technical (Mids) Limited. Both companies are private companies limited by shares and incorporated in England and Wales. The registered office for both companies is situated at Technical House, 84 Sedgley Road, Dudley, DY1 4NG.
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