Registered number
07618080
Edwards & Co Surveyors Limited
Unaudited Filleted Accounts
30 April 2024
Edwards & Co Surveyors Limited
Registered number: 07618080
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 13,568 5,607
Current assets
Debtors 5 343,351 318,462
Cash at bank and in hand 96,753 59,121
440,104 377,583
Creditors: amounts falling due within one year 6 (213,988) (223,901)
Net current assets 226,116 153,682
Total assets less current liabilities 239,684 159,289
Creditors: amounts falling due after more than one year 7 (11,300) (21,594)
Provisions for liabilities (2,758) (629)
Net assets 225,626 137,066
Capital and reserves
Called up share capital 1,286 1,286
Capital redemtion reserve 3,853 3,853
Profit and loss account 220,487 131,927
Shareholders' funds 225,626 137,066
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A J Timms
Director
Approved by the board on 30 January 2025
Edwards & Co Surveyors Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The financial statements are prepared in Pound Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised, if the revision affects only that year, or in the year of the revision and future years if the revision affects both current and future years.

The directors do not consider there to be any critical accounting judgements that must be applied.
Key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The directors do not consider there to be any estimates or assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from property consultancy and services are recognised as activity progresses, measured on percentage of completion, time lapsed, or value delivered in period depending on the terms of the underlying contracts. Turnover from transaction based activity is recognised on completion of the contracts for commercial transactions.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% Straight line
Furniture and fittings 15% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 1,000,000
At 30 April 2024 1,000,000
Amortisation
At 1 May 2023 1,000,000
At 30 April 2024 1,000,000
Net book value
At 30 April 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 49,747
Additions 10,181
At 30 April 2024 59,928
Depreciation
At 1 May 2023 44,140
Charge for the year 2,220
At 30 April 2024 46,360
Net book value
At 30 April 2024 13,568
At 30 April 2023 5,607
5 Debtors 2024 2023
£ £
Trade debtors 127,393 88,227
Other debtors 215,958 230,235
343,351 318,462
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,204 9,973
Trade creditors 66,180 60,130
Taxation and social security costs 108,679 127,105
Other creditors 28,925 26,693
213,988 223,901
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,300 21,594
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 66,680 43,280
9 Related party transactions
Edwards & Co Building Consultancy Limited, Edwards Property SPV1 Limited, Edwards Prop Limited, and 1 Plus 4 Limited are entities in which the director, directly or indirectly, had a minority non-controlling interest during the financial period under review. Profit and loss account for the year includes income of £75,128 (2023 - £20,000) for management services provided to related entities.

Other debtors includes a total of £177,334 (2023 - £185,856) in respect of loans provided to and expenses paid on behalf of the related entities. The loans provided to all related entities are unsecured.
10 Other information
Edwards & Co Surveyors Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 King Street
Manchester
M2 6AY
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