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Edis of Ely Ltd
Registered Number:07596036
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Edis of Ely Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07596036
As at 30 April 2024
Edis of Ely Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
162,925
186,193
2
Property, plant and equipment
9,965
13,159
3
172,890
199,352
Current assets
Trade and other receivables
13,092
10,771
4
457,954
Cash and cash equivalents
356,028
366,799
471,046
Trade and other payables: amounts falling due within one
year
(12,518)
(5,839)
5
458,528
360,960
Net current assets
Total assets less current liabilities
533,850
657,880
Trade and other payables: amounts falling due after more
than one year
(7,000)
(7,000)
6
526,850
Net assets
650,880
Capital and reserves
Called up share capital
100
100
Retained earnings
526,750
650,780
526,850
650,880
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Andrew Edis Director
These financial statements were approved and authorised for issue by the Board on 31 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Edis of Ely Ltd
Notes to the Financial Statements
Statutory Information
Edis of Ely Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07596036.
Registered address:
24 High Street
Ely
Cambs
CB7 4JU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover comprises the value of goods supplied by the company, net of trade discounts. The company's goods are zero rated for Value Added Tax.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 30 April 2024
Edis of Ely Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Total
Goodwill
Cost or valuation
£
£
£
500,000
At 01 May 2023
500,220
220
500,220
500,000
At 30 April 2024
220
Amortisation
314,027
313,939
At 01 May 2023
88
23,268
23,257
11
Charge for year
337,295
At 30 April 2024
337,196
99
162,925
Net book value
162,804
At 30 April 2024
121
At 30 April 2023
186,061
132
186,193
3. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 May 2023
127,106
32,060
94,093
953
At 30 April 2024
953
94,093
32,060
127,106
Provision for depreciation and impairment
At 01 May 2023
113,947
27,781
85,976
190
Charge for year
3,194
1,069
2,030
95
At 30 April 2024
117,141
28,850
88,006
285
At 30 April 2024
Net book value
668
6,087
3,210
9,965
At 30 April 2023
763
8,117
4,279
13,159
4. Trade and other receivables
2023
2024
£
£
Other debtors
10,771
13,092
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6
For the year ended 30 April 2024
Edis of Ely Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2,860
1,514
Taxation and social security
40
-
Other creditors
2,939
11,004
5,839
12,518
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
7,000
7,000
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
4 of 4