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REGISTERED NUMBER: 02732888 (England and Wales)



















Financial Statements

for the Year Ended 31 May 2024

for

Edward Fry Limited

Edward Fry Limited (Registered number: 02732888)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edward Fry Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G N Fry
J Hill





SECRETARY: J Hill





REGISTERED OFFICE: 119-121 Derby Road
Long Eaton
Nottingham
NG10 4LA





REGISTERED NUMBER: 02732888 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Edward Fry Limited (Registered number: 02732888)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 434 542

CURRENT ASSETS
Stocks 6,942 10,546
Debtors 5 69,182 61,978
Cash at bank and in hand 6,440 4,570
82,564 77,094
CREDITORS
Amounts falling due within one year 6 69,575 64,589
NET CURRENT ASSETS 12,989 12,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,423

13,047

CREDITORS
Amounts falling due after more than one
year

7

12,430

14,734
NET ASSETS/(LIABILITIES) 993 (1,687 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 893 (1,787 )
SHAREHOLDERS' FUNDS 993 (1,687 )

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

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

Edward Fry Limited (Registered number: 02732888)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





G N Fry - Director


Edward Fry Limited (Registered number: 02732888)

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

1. STATUTORY INFORMATION

Edward Fry 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 sales of goods and services, excluding value added tax. Turnover of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received. Turnover of services is recognised in the period to which the services relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow and obsolete items.

Cost represents the invoiced cost of materials on a first in first out basis.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Grants
Revenue grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Edward Fry Limited (Registered number: 02732888)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 8,740 59,207 7,795 75,742
DEPRECIATION
At 1 June 2023 8,740 58,665 7,795 75,200
Charge for year - 108 - 108
At 31 May 2024 8,740 58,773 7,795 75,308
NET BOOK VALUE
At 31 May 2024 - 434 - 434
At 31 May 2023 - 542 - 542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 56,021 48,265
Tax 8,949 8,949
Prepayments 4,212 4,764
69,182 61,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,305 2,249
Other loans 6,350 4,850
Trade creditors 21,700 15,133
Tax 9,698 8,441
Social security and other taxes 16,370 24,547
Other creditors 11,252 7,482
Accrued expenses 1,900 1,887
69,575 64,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,430 14,734

8. LEASING COMMITMENTS

The minimum lease payments on non-cancellable operating leases committed to be paid are £85,000 (2023 - £103,000).

Edward Fry Limited (Registered number: 02732888)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances of £7,756 were made to the directors. Interest has been charged at the official rate and repayable on demand.