1 April 2023 v2024.60.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP125005762023-04-012024-03-31125005762024-03-31125005762023-03-3112500576core:WithinOneYear2024-03-3112500576core:WithinOneYear2023-03-3112500576core:ShareCapital2024-03-3112500576core:ShareCapital2023-03-3112500576core:RetainedEarningsAccumulatedLosses2024-03-3112500576core:RetainedEarningsAccumulatedLosses2023-03-3112500576bus:Director12023-04-012024-03-3112500576bus:Director22023-04-012024-03-3112500576bus:RegisteredOffice2023-04-012024-03-3112500576core:PlantMachinery2023-04-012024-03-3112500576core:OfficeEquipment2023-04-012024-03-31125005762022-04-012023-03-3112500576core:PlantMachinery2024-03-3112500576core:PlantMachinery2023-04-0112500576core:PlantMachinery2023-03-311250057612023-04-012024-03-3112500576countries:EnglandWales2023-04-012024-03-3112500576bus:AuditExemptWithAccountantsReport2023-04-012024-03-3112500576bus:PrivateLimitedCompanyLtd2023-04-012024-03-3112500576bus:SmallEntities2023-04-012024-03-3112500576bus:FullAccounts2023-04-012024-03-31
Company registration number:
12500576
EDRM Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2024
EDRM Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of EDRM Ltd
Year ended
31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
EDRM Ltd
for the year ended
31 March 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
EDRM Ltd
, as a body, in accordance with the terms of my engagement letter dated 27 August 2021. My work has been undertaken solely to prepare for your approval the
financial statements
of
EDRM Ltd
and state those matters that I have agreed to state to the Board of Directors of
EDRM Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
EDRM Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
EDRM Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
EDRM Ltd
. You consider that
EDRM Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of EDRM Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Angela Hayward Accountant Limited
Chartered Accountant
17 High Street
Needham Market
Ipswich
Suffolk
IP6 8AL
United Kingdom
Date:
19 November 2024
EDRM Ltd
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
5,391
 
9,412
 
Current assets    
Debtors 6
1,222
 
8,823
 
Cash at bank and in hand
9,107
 
22,885
 
10,329
 
31,708
 
Creditors: amounts falling due within one year 7
(15,074
)
(39,292
)
Net current liabilities
(4,745
)
(7,584
)
Total assets less current liabilities 646   1,828  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
546
 
1,728
 
Shareholders funds
646
 
1,828
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 November 2024
, and are signed on behalf of the board by:
Ms Ellinor DeGory
Mr Richard MacRae
DirectorDirector
Company registration number:
12500576
EDRM Ltd
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
11a Eagle Street
,
Ipswich
,
Suffolk
,
IP4 1JA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Revenue from the sale of services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on completion of key stages of the work; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line
Office equipment
33% straight line

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
and
31 March 2024
17,295
 
Depreciation  
At
1 April 2023
7,883
 
Charge
4,021
 
At
31 March 2024
11,904
 
Carrying amount  
At
31 March 2024
5,391
 
At 31 March 2023
9,412
 

6 Debtors

20242023
££
Trade debtors -  
7,665
 
Other debtors
1,222
 
1,158
 
1,222
 
8,823
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
1,459
 
4,207
 
Other creditors
13,615
 
35,085
 
15,074
 
39,292
 
Included in Other Creditors is an amount of £10,361 (2023: £32,263) which is owed to the directors.