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Registration number: 05910755

Edenvale Young Associates Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Edenvale Young Associates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Edenvale Young Associates Limited

Company Information

Directors

J R Young

G C J Morgan

A E Attwood

P H Aylett

M F Jarquin Murillo

N G Wright

Company secretary

J R Young

Registered office

QC30 Suite 2.02
30 Queen Charlotte Street
Bristol
BS1 4HJ

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston Super Mare
North Somerset
BS22 8NG

 

Edenvale Young Associates Limited

(Registration number: 05910755)
Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,203

6,947

Current assets

 

Debtors

5

495,885

550,713

Cash at bank and in hand

 

103,858

196,044

 

599,743

746,757

Creditors: Amounts falling due within one year

6

(165,393)

(146,994)

Net current assets

 

434,350

599,763

Net assets

 

437,553

606,710

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

436,553

605,710

Shareholders' funds

 

437,553

606,710

 

Edenvale Young Associates Limited

(Registration number: 05910755)
Balance Sheet
31 March 2024

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
J R Young
Company secretary and director

 

Edenvale Young Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
QC30 Suite 2.02
30 Queen Charlotte Street
Bristol
BS1 4HJ

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Edenvale Young Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% straight line

Office equipment

33% straight line

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Edenvale Young Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 23).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

12,988

41,195

54,183

Additions

-

444

444

At 31 March 2024

12,988

41,639

54,627

Depreciation

At 1 April 2023

12,837

34,399

47,236

Charge for the year

151

4,037

4,188

At 31 March 2024

12,988

38,436

51,424

Carrying amount

At 31 March 2024

-

3,203

3,203

At 31 March 2023

151

6,796

6,947

 

Edenvale Young Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

5

Debtors

2024
£

2023
£

Trade debtors

429,481

480,623

Other debtors

2,214

2,785

Prepayments

4,839

7,954

Gross amount due from customers for contract work

59,351

59,351

495,885

550,713

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

200

300

Taxation and social security

136,738

139,422

Accruals and deferred income

1,980

1,860

Other creditors

26,475

5,412

165,393

146,994