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Company Registration No. NI037279 (Northern Ireland)
Edgewater Limited Unaudited accounts for the year ended 31 March 2024
Edgewater Limited Unaudited accounts Contents
Page
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Edgewater Limited Company Information for the year ended 31 March 2024
Directors
Michael Galloway Austin Baird Heather Baird
Company Number
NI037279 (Northern Ireland)
Registered Office
3 BALLYTRUSTAN ROAD DOWNPATRICK BT30 7AQ
Accountants
J H & Co Accountants Ltd 20 Magheralave Park East Lisburn BT28 3BT
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Edgewater Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
900,000 
1,950,000 
Debtors
270 
5,771 
Cash at bank and in hand
185,384 
274,302 
1,085,654 
2,230,073 
Creditors: amounts falling due within one year
- 
(500,000)
Net current assets
1,085,654 
1,730,073 
Net assets
1,085,654 
1,730,073 
Capital and reserves
Called up share capital
99 
99 
Capital redemption reserve
1 
1 
Profit and loss account
1,085,554 
1,729,973 
Shareholders' funds
1,085,654 
1,730,073 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by
Michael Galloway Director Company Registration No. NI037279
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Edgewater Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Edgewater Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI037279. The registered office is 3 BALLYTRUSTAN ROAD, DOWNPATRICK, BT30 7AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Inventories
2024 
2023 
£ 
£ 
Work in progress
900,000 
1,950,000 
900,000 
1,950,000 
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
170 
5,671 
Other debtors
100 
100 
270 
5,771 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
- 
500,000 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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