IRIS Accounts Production v24.1.0.578 09404119 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094041192023-01-31094041192024-01-31094041192023-02-012024-01-31094041192022-01-31094041192022-02-012023-01-31094041192023-01-3109404119ns15:EnglandWales2023-02-012024-01-3109404119ns14:PoundSterling2023-02-012024-01-3109404119ns10:Director12023-02-012024-01-3109404119ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109404119ns10:SmallEntities2023-02-012024-01-3109404119ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3109404119ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109404119ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109404119ns10:FullAccounts2023-02-012024-01-3109404119ns10:RegisteredOffice2023-02-012024-01-3109404119ns5:CurrentFinancialInstruments2024-01-3109404119ns5:CurrentFinancialInstruments2023-01-3109404119ns5:Non-currentFinancialInstruments2024-01-3109404119ns5:Non-currentFinancialInstruments2023-01-3109404119ns5:ShareCapital2024-01-3109404119ns5:ShareCapital2023-01-3109404119ns5:RetainedEarningsAccumulatedLosses2024-01-3109404119ns5:RetainedEarningsAccumulatedLosses2023-01-3109404119ns5:PlantMachinery2023-02-012024-01-3109404119ns5:ComputerEquipment2023-02-012024-01-3109404119ns5:PlantMachinery2023-01-3109404119ns5:ComputerEquipment2023-01-3109404119ns5:PlantMachinery2024-01-3109404119ns5:ComputerEquipment2024-01-3109404119ns5:PlantMachinery2023-01-3109404119ns5:ComputerEquipment2023-01-3109404119ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109404119ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 09404119 (England and Wales)














Financial Statements for the Year Ended 31 January 2024

for

Edistel Limited

Edistel Limited (Registered number: 09404119)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Edistel Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr S Corkhill





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 09404119 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Edistel Limited (Registered number: 09404119)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 21,363 1,143

CURRENT ASSETS
Debtors 5 - 12,166
Cash at bank 10,205 666
10,205 12,832
CREDITORS
Amounts falling due within one year 6 20,649 7,591
NET CURRENT (LIABILITIES)/ASSETS (10,444 ) 5,241
TOTAL ASSETS LESS CURRENT LIABILITIES 10,919 6,384

CREDITORS
Amounts falling due after more than one year 7 1,395 2,652
NET ASSETS 9,524 3,732

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 9,519 3,727
SHAREHOLDERS' FUNDS 9,524 3,732

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Edistel Limited (Registered number: 09404119)

Statement of Financial Position - continued
31 January 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 director and authorised for issue on 15 December 2024 and were signed by:





Mr S Corkhill - Director


Edistel Limited (Registered number: 09404119)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Going concern
COVID-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.

Government grants
Government grants represents income received in the form of Job Retention Scheme (JRS) money received from the Government during the COVID-19 pandemic. The Government Grant also represents the first year of interest for the company on the Bounce Back Loan (BBL) it received during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Edistel Limited (Registered number: 09404119)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023 3,499 850 4,349
Additions 24,000 - 24,000
At 31 January 2024 27,499 850 28,349
DEPRECIATION
At 1 February 2023 2,441 765 3,206
Charge for year 3,759 21 3,780
At 31 January 2024 6,200 786 6,986
NET BOOK VALUE
At 31 January 2024 21,299 64 21,363
At 31 January 2023 1,058 85 1,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 12,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 1,016 750
Taxation and social security 1,138 50
Other creditors 18,495 6,791
20,649 7,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 1,395 2,652

8. RELATED PARTY DISCLOSURES

The Director Mr S Corkhill is considered to be the key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Edistel Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Edistel Limited for the year ended 31 January 2024 which comprise the Income Statement, Statement of Financial Position 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 director of Edistel Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edistel Limited and state those matters that we have agreed to state to the director of Edistel Limited 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 Edistel Limited and its director for our work or for this report.

It is your duty to ensure that Edistel 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 Edistel Limited. You consider that Edistel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edistel 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.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................