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REGISTERED NUMBER: 07934640 (England and Wales)








ORMEROD & EDWARDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 31 MARCH 2024






ORMEROD & EDWARDS LIMITED (REGISTERED NUMBER: 07934640)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 January 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ORMEROD & EDWARDS LIMITED

COMPANY INFORMATION
for the period 1 January 2023 to 31 March 2024







DIRECTORS: M Ormerod
Ms M J Compton-Edwards





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 07934640 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

ORMEROD & EDWARDS LIMITED (REGISTERED NUMBER: 07934640)

BALANCE SHEET
31 March 2024

2024 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 69,712 25,650
Tangible assets 5 5,228 5,366
74,940 31,016

CURRENT ASSETS
Debtors 6 603,312 467,105
Cash at bank 283,505 262,757
886,817 729,862
CREDITORS
Amounts falling due within one year 7 (307,416 ) (299,913 )
NET CURRENT ASSETS 579,401 429,949
TOTAL ASSETS LESS CURRENT LIABILITIES 654,341 460,965

CREDITORS
Amounts falling due after more than one year 8 (50,000 ) (50,000 )
NET ASSETS 604,341 410,965

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 604,241 410,865
SHAREHOLDERS' FUNDS 604,341 410,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

ORMEROD & EDWARDS LIMITED (REGISTERED NUMBER: 07934640)

BALANCE SHEET - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





M Ormerod - Director


ORMEROD & EDWARDS LIMITED (REGISTERED NUMBER: 07934640)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 January 2023 to 31 March 2024


1. STATUTORY INFORMATION

Ormerod & Edwards 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 represents the profit share receivable for the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012 and subsequent increases in ownership. The useful life is assessed as 10 years and each increase in ownership is amortised on a straight line basis over 10 years.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery- 4 years straight line

Tangible fixed assets are stated at their historical cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in profit and loss and is included in administrative expenses.

Financial instruments
Financial instruments are classified as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Current tax
Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

ORMEROD & EDWARDS LIMITED (REGISTERED NUMBER: 07934640)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 January 2023 to 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023 201,500
Additions 51,000
At 31 March 2024 252,500
AMORTISATION
At 1 January 2023 175,850
Charge for period 6,938
At 31 March 2024 182,788
NET BOOK VALUE
At 31 March 2024 69,712
At 31 December 2022 25,650

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 5,630
Additions 1,729
At 31 March 2024 7,359
DEPRECIATION
At 1 January 2023 264
Charge for period 1,867
At 31 March 2024 2,131
NET BOOK VALUE
At 31 March 2024 5,228
At 31 December 2022 5,366

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Other debtors 603,312 467,105

ORMEROD & EDWARDS LIMITED (REGISTERED NUMBER: 07934640)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 January 2023 to 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Taxation and social security 94,128 37,000
Other creditors 213,288 262,913
307,416 299,913

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£ £
Other creditors 50,000 50,000

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ORMEROD & EDWARDS 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ormerod & Edwards Limited for the period ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ormerod & Edwards Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ormerod & Edwards Limited and state those matters that we have agreed to state to the Board of Directors of Ormerod & Edwards Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ormerod & Edwards Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ormerod & Edwards Limited 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 profit of Ormerod & Edwards Limited. You consider that Ormerod & Edwards Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ormerod & Edwards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


21 November 2024