Registered number
13177640
EDENTEK LIMITED
Filleted Accounts
29 February 2024
EDENTEK LIMITED
Registered number: 13177640
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,837 2,449
Current assets
Debtors 4 3,452 -
Cash at bank and in hand 90,496 57,716
93,948 57,716
Creditors: amounts falling due within one year 5 (29,066) (26,027)
Net current assets 64,882 31,689
Net assets 66,719 34,138
Capital and reserves
Called up share capital 200 200
Profit and loss account 66,519 33,938
Shareholders' funds 66,719 34,138
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.
Patrick Chijioke Obiaso
Director
Approved by the board on 19 November 2024
EDENTEK LIMITED
Notes to the Accounts
for the year ended 29 February 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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 3,599
At 29 February 2024 3,599
Depreciation
At 1 March 2023 1,150
Charge for the year 612
At 29 February 2024 1,762
Net book value
At 29 February 2024 1,837
At 28 February 2023 2,449
4 Debtors 2024 2023
£ £
Other debtors 3,452 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 26,158 12,143
Other creditors 2,908 13,884
29,066 26,027
6 Related party transactions
Patrick Chijioke Obiaso
7 Other information
EDENTEK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite G04, 1 Quality Court
Chancery Lane
London
England
WC2A 1HR
EDENTEK LIMITED 13177640 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 Patrick Chijioke Obiaso No description of principal activity 13177640 2022-03-01 2023-02-28 13177640 core:WithinOneYear 2023-02-28 13177640 core:ShareCapital 2023-02-28 13177640 core:RetainedEarningsAccumulatedLosses 2023-02-28 13177640 2023-03-01 2024-02-29 13177640 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13177640 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13177640 bus:Director40 2023-03-01 2024-02-29 13177640 1 2023-03-01 2024-02-29 13177640 2 2023-03-01 2024-02-29 13177640 core:PlantMachinery 2023-03-01 2024-02-29 13177640 countries:England 2023-03-01 2024-02-29 13177640 bus:FRS102 2023-03-01 2024-02-29 13177640 bus:FilletedAccounts 2023-03-01 2024-02-29 13177640 2024-02-29 13177640 core:WithinOneYear 2024-02-29 13177640 core:ShareCapital 2024-02-29 13177640 core:RetainedEarningsAccumulatedLosses 2024-02-29 13177640 core:PlantMachinery 2024-02-29 13177640 2023-02-28 13177640 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure