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REGISTERED NUMBER: 04643114 (England and Wales)















Edge Tool Manufacturing Company Limited

Unaudited Financial Statements

For The Year Ended 29 February 2024






Edge Tool Manufacturing Company Limited (Registered number: 04643114)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Edge Tool Manufacturing Company Limited

Company Information
For The Year Ended 29 February 2024







DIRECTORS: A P Brooks
J Brooks





SECRETARY: A P Brooks





REGISTERED OFFICE: Unit 6
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB





REGISTERED NUMBER: 04643114 (England and Wales)





ACCOUNTANTS: Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Edge Tool Manufacturing Company Limited (Registered number: 04643114)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 275,642 284,382
275,642 284,382

CURRENT ASSETS
Stocks 74,590 82,686
Debtors 6 163,401 183,599
Cash at bank 5,215 14,183
243,206 280,468
CREDITORS
Amounts falling due within one year 7 467,766 492,854
NET CURRENT LIABILITIES (224,560 ) (212,386 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,082

71,996

CREDITORS
Amounts falling due after more than one
year

8

(12,856

)

(38,316

)

PROVISIONS FOR LIABILITIES (17,847 ) (14,530 )
NET ASSETS 20,379 19,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,279 19,050
SHAREHOLDERS' FUNDS 20,379 19,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Edge Tool Manufacturing Company Limited (Registered number: 04643114)

Balance Sheet - continued
29 February 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





A P Brooks - Director


Edge Tool Manufacturing Company Limited (Registered number: 04643114)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Edge Tool Manufacturing Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over the life of the lease
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Edge Tool Manufacturing Company Limited (Registered number: 04643114)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 100,000
AMORTISATION
At 1 March 2023
and 29 February 2024 100,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 237,434 211,730 2,380
Additions - 3,500 -
Disposals - - -
At 29 February 2024 237,434 215,230 2,380
DEPRECIATION
At 1 March 2023 29,528 139,876 2,271
Charge for year 3,653 7,273 17
Eliminated on disposal - - -
At 29 February 2024 33,181 147,149 2,288
NET BOOK VALUE
At 29 February 2024 204,253 68,081 92
At 28 February 2023 207,906 71,854 109

Edge Tool Manufacturing Company Limited (Registered number: 04643114)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 26,870 7,322 485,736
Additions - - 3,500
Disposals (8,875 ) - (8,875 )
At 29 February 2024 17,995 7,322 480,361
DEPRECIATION
At 1 March 2023 23,590 6,089 201,354
Charge for year 798 411 12,152
Eliminated on disposal (8,787 ) - (8,787 )
At 29 February 2024 15,601 6,500 204,719
NET BOOK VALUE
At 29 February 2024 2,394 822 275,642
At 28 February 2023 3,280 1,233 284,382

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,423 113,175
Other debtors 80,978 70,424
163,401 183,599

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,983 29,068
Trade creditors 232,034 245,032
Taxation and social security 51,874 57,357
Other creditors 157,875 161,397
467,766 492,854

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,856 38,316

Edge Tool Manufacturing Company Limited (Registered number: 04643114)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 38,839 67,384

The bank borrowings are secured by a legal mortgage over the company's leasehold property.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
A P Brooks
Balance outstanding at start of year 34,674 19,079
Amounts advanced 44,237 34,674
Amounts repaid (49,491 ) (19,079 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,420 34,674

The above balance is a joint loan with Mrs J Brooks. The loan is interest free and has no specific repayment terms.

Edge Tool Manufacturing Company Limited

Report of the Accountants to the Directors of
Edge Tool Manufacturing Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report may not be relied upon by any person for any other purpose whatsoever.

Roddis Taylor Robinson neither owes nor accepts any duty to any other party and shall not be liable for any loss, damage or expenses of whatsoever nature which is caused by their reliance on these accounts.






Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB


28 November 2024