Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.true2023-10-01false8484falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00134794 2023-10-01 2024-09-30 00134794 2022-09-25 2023-09-30 00134794 2024-09-30 00134794 2023-09-30 00134794 2022-09-25 00134794 2 2023-10-01 2024-09-30 00134794 2 2022-09-25 2023-09-30 00134794 d:Director1 2023-10-01 2024-09-30 00134794 d:Director2 2023-10-01 2024-09-30 00134794 e:PlantMachinery 2023-10-01 2024-09-30 00134794 e:PlantMachinery 2024-09-30 00134794 e:PlantMachinery 2023-09-30 00134794 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00134794 e:MotorVehicles 2023-10-01 2024-09-30 00134794 e:MotorVehicles 2024-09-30 00134794 e:MotorVehicles 2023-09-30 00134794 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00134794 e:FurnitureFittings 2023-10-01 2024-09-30 00134794 e:FurnitureFittings 2024-09-30 00134794 e:FurnitureFittings 2023-09-30 00134794 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00134794 e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00134794 e:CurrentFinancialInstruments 2024-09-30 00134794 e:CurrentFinancialInstruments 2023-09-30 00134794 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 00134794 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 00134794 e:ShareCapital 2023-10-01 2024-09-30 00134794 e:ShareCapital 2024-09-30 00134794 e:ShareCapital 2022-09-25 2023-09-30 00134794 e:ShareCapital 2023-09-30 00134794 e:ShareCapital 2022-09-25 00134794 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00134794 e:RetainedEarningsAccumulatedLosses 2024-09-30 00134794 e:RetainedEarningsAccumulatedLosses 2 2023-10-01 2024-09-30 00134794 e:RetainedEarningsAccumulatedLosses 2022-09-25 2023-09-30 00134794 e:RetainedEarningsAccumulatedLosses 2023-09-30 00134794 e:RetainedEarningsAccumulatedLosses 2022-09-25 00134794 e:RetainedEarningsAccumulatedLosses 2 2022-09-25 2023-09-30 00134794 d:OrdinaryShareClass1 2023-10-01 2024-09-30 00134794 d:OrdinaryShareClass1 2024-09-30 00134794 d:OrdinaryShareClass1 2023-09-30 00134794 d:OrdinaryShareClass2 2023-10-01 2024-09-30 00134794 d:OrdinaryShareClass2 2024-09-30 00134794 d:OrdinaryShareClass2 2023-09-30 00134794 d:FRS102 2023-10-01 2024-09-30 00134794 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00134794 d:FullAccounts 2023-10-01 2024-09-30 00134794 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00134794 2 2023-10-01 2024-09-30 00134794 6 2023-10-01 2024-09-30 00134794 f:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00134794









A.EDMONDS & CO.LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTICE OF ANNUAL GENERAL MEETING
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Notice is hereby given that the Annual General Meeting of the Company will be held at 6pm on Tuesday 10th Deember 2024 at the registered office by Zoom.
          1. To recieve and adopt the directors' report and financial statements for the period ended 30th September
          2024.
          2.To appoint Forvis Mazars LLP as accountants and to authorise the directors to fix their remuneration.

The registered office is as noted on the company information page.

By order of the board

a) A shareholder entitled to attend and vote at the meeting may appoint one or more proxies to attend and, on a poll, vote on his behalf. A proxy need to be a member of the company.
b) A form of proxy is enclosed with this notice for your use in respect of the business set out above. To be effective, the form of proxy together with the power of attorney or other authority (if any) under which it is signed (or notailly certified or an office copy of such power of authority) must be lodged at the company's registered office at least forty-eight hours before the time appointed for the meeting.

By order of the board 


NameM R Edmonds          Name     D J Edmonds
Director                        Director

Date

Page 1

 
A.EDMONDS & CO.LIMITED
REGISTERED NUMBER: 00134794

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
357,819
154,258

Investments
 5 
610,462
22,532

  
968,281
176,790

Current assets
  

Stocks
  
1,733,584
775,122

Debtors
 6 
841,059
2,415,369

Cash at bank and in hand
 7 
811,474
667,367

  
3,386,117
3,857,858

Creditors: amounts falling due within one year
 8 
(2,295,635)
(2,032,340)

Net current assets
  
 
 
1,090,482
 
 
1,825,518

Total assets less current liabilities
  
2,058,763
2,002,308

  

Net assets
  
2,058,763
2,002,308


Capital and reserves
  

Called up share capital 
  
339,617
308,742

Profit and loss account
  
1,719,146
1,693,566

  
2,058,763
2,002,308


Page 2

 
A.EDMONDS & CO.LIMITED
REGISTERED NUMBER: 00134794
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M R Edmonds
D J Edmonds
Director
Director


Date: 8 January 2025
Date:8 January 2025

The notes on pages 6 to 14 form part of these financial statements.

Page 3

 
A.EDMONDS & CO.LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
308,742
1,693,566
2,002,308


Comprehensive income for the year

Profit for the year
-
172,585
172,585
Total comprehensive income for the year
-
172,585
172,585


Contributions by and distributions to owners

Dividends: Equity capital
-
(77,668)
(77,668)

Bonus issue
-
(30,875)
(30,875)

Shares issued during the year
30,875
-
30,875

Donation to charitable foundation
-
(38,462)
(38,462)


Total transactions with owners
30,875
(147,005)
(116,130)


At 30 September 2024
339,617
1,719,146
2,058,763


The notes on pages 6 to 14 form part of these financial statements.

Page 4

 
A.EDMONDS & CO.LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 26 September 2022
311,893
1,826,800
2,138,693


Comprehensive income for the period

Profit for the period
-
51,233
51,233
Total comprehensive income for the period
-
51,233
51,233


Contributions by and distributions to owners

Dividends: Equity capital
-
(130,685)
(130,685)

Shares cancelled during the period
(3,151)
-
(3,151)

Donation to charitable foundation
-
(53,782)
(53,782)


Total transactions with owners
(3,151)
(184,467)
(187,618)


At 30 September 2023
308,742
1,693,566
2,002,308


The notes on pages 6 to 14 form part of these financial statements.

Page 5

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

A. Edmonds & Co. Limited is a private company, limited by shares incorporated in England and Wales. The registered office is 91 Constitution Hill, Birmingham, B19 3JY. The Company's registered number is 00134794.
The principal activity of the company continued to be that of high end joinery and bespoke architectural metalwork.
The functional currency of the Company is Pounds Sterling as this is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company is deemed to be a going concern and therefore the accounts have been prepared on the going concern basis. The Director and parent company will pay liabilities as they fall due and fulfil negative reserves through the continued support of cash injections. On the basis of the above, the shareholders consider the Company to be a going concern for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
Page 6

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.3
Revenue (continued)

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 7

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Work in progress
Contract work in progress is stated at cost including manufacturing overheads, net of adjustment to reflect turnover and profit recognised to date, less provision for anticipated losses on contracts.
Turnover and profit is recognised on contracts by reference to their stage of completion once the total profit can be assessed with reasonable certainty. Provision is made for the full amount of the foreseeable losses on contracts.
 
Page 8

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.9
Stocks (continued)

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the Statement of Comprehensive Income. 

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
 
Page 9

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 10

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 84 (2023 - 84).

Page 11

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2023
596,415
278,108
125,558
1,000,081


Additions
252,534
22,791
427
275,752


Disposals
-
(71,053)
-
(71,053)



At 30 September 2024

848,949
229,846
125,985
1,204,780



Depreciation


At 1 October 2023
503,123
244,084
98,615
845,822


Charge for the year on owned assets
31,101
27,214
13,877
72,192


Disposals
-
(71,053)
-
(71,053)



At 30 September 2024

534,224
200,245
112,492
846,961



Net book value



At 30 September 2024
314,725
29,601
13,493
357,819



At 30 September 2023
93,292
34,024
26,943
154,259


5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 October 2023
1
22,531
22,532


Additions
-
580,001
580,001


Revaluations
-
7,929
7,929



At 30 September 2024
1
610,461
610,462




Page 12

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors


2024
2023
£
£



Trade debtors
59,251
286,760

Other debtors
780,751
2,127,551

Prepayments and accrued income
1,057
1,058

841,059
2,415,369



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
811,474
667,367



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
667,950
678,872

Other taxation and social security
149,187
103,883

Other creditors
1,342,843
1,131,654

Accruals and deferred income
135,655
117,931

2,295,635
2,032,340



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



613,798 (2023 - 557,998) Ordinary Shares shares of £0.50 each
306,899
278,999
65,436 (2023 - 59,486) Employee Shares shares of £0.50 each
32,718
29,743

339,617

308,742

Page 13

 
A.EDMONDS & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.Share capital (continued)

During the period ended 30 September 2023 a shareholder deceased. The value of their shareholding was therefore transferred to other creditors until such time that the company receives instructions as to what to do with their shareholding.
61,750 bonus shares with a nominal value of £30,875 were issued in the year which resulted in an increase in the share capital



10.


Reserves

Profit and loss account

This reserve represents the cumulative profits and losses of the company after the payment of any dividends or charitable donations.


11.


Related party transactions

The directors of A. Edmonds & Co. Limited are also the directors of Edmonds Projects Limited. During the period, rent was paid to Edmonds Projects Limited of £30,000 (2023: £30,000) by A. Edmonds & Co. Management income of £200,000 (2023: £125,000) was received by A. Edmonds & Co. Limited from Edmonds Projects Limited for managing the investments.
There is also a loan between A. Edmonds & Co. Limited and Edmonds Projects Limited with a brought forward balance of £2,126,751, in the year payments were made totaling £1,347,000. The balance due from Edmonds Projects Limited at the period end is £779,751.
The directors of A. Edmonds & Co. Limited are also trustees of A. Edmonds & Co. Charitable Foundation 2000. During the period, A. Edmonds & Co. Limited made donations of £38,461 (2023: £53,782).

 
Page 14