26 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07787065 2023-10-01 2024-09-30 07787065 2024-09-30 07787065 2023-09-30 07787065 2022-10-01 2023-09-30 07787065 2023-09-30 07787065 2022-09-30 07787065 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 07787065 core:MotorVehicles 2023-10-01 2024-09-30 07787065 bus:RegisteredOffice 2023-10-01 2024-09-30 07787065 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 07787065 bus:Director1 2023-10-01 2024-09-30 07787065 bus:Director2 2023-10-01 2024-09-30 07787065 bus:Director3 2023-10-01 2024-09-30 07787065 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 07787065 core:FurnitureFittingsToolsEquipment 2023-09-30 07787065 core:LandBuildings core:ShortLeaseholdAssets 2024-09-30 07787065 core:FurnitureFittingsToolsEquipment 2024-09-30 07787065 core:WithinOneYear 2024-09-30 07787065 core:WithinOneYear 2023-09-30 07787065 core:ShareCapital 2024-09-30 07787065 core:ShareCapital 2023-09-30 07787065 core:RetainedEarningsAccumulatedLosses 2024-09-30 07787065 core:RetainedEarningsAccumulatedLosses 2023-09-30 07787065 core:LandBuildings core:ShortLeaseholdAssets 2023-10-01 2024-09-30 07787065 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 07787065 core:FurnitureFittingsToolsEquipment 2023-09-30 07787065 bus:SmallEntities 2023-10-01 2024-09-30 07787065 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07787065 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07787065 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07787065 bus:FullAccounts 2023-10-01 2024-09-30 07787065 core:ComputerEquipment 2023-09-30 07787065 core:ComputerEquipment 2023-10-01 2024-09-30 07787065 core:ComputerEquipment 2024-09-30
Company registration number: 07787065
Edmonds, Marshall, McMahon Limited
Unaudited filleted financial statements
for the year ended
30 September 2024
Edmonds, Marshall, McMahon Limited
Contents
Directors' and other information
Statement of financial position
Notes to the financial statements
Edmonds, Marshall, McMahon Limited
Directors' and other information
Directors T Edmonds
A Marshall
K McMahon
Company number 07787065
Registered office 35 Cock Lane
London
EC1A 9BW
Accountants Redford & Co Limited
Chartered Accountants
First Floor
64 Baker Street
London
W1U 7GB
Edmonds, Marshall, McMahon Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 200,024 198,358
_______ _______
200,024 198,358
Current assets
Debtors 6 3,622,779 2,727,762
Cash at bank and in hand 3,324,361 3,290,646
_______ _______
6,947,140 6,018,408
Creditors: amounts falling due
within one year 7 ( 2,238,551) ( 1,361,846)
_______ _______
Net current assets 4,708,589 4,656,562
_______ _______
Total assets less current liabilities 4,908,613 4,854,920
_______ _______
Net assets 4,908,613 4,854,920
_______ _______
Capital and reserves
Called up share capital 6 6
Profit and loss account 4,908,607 4,854,914
_______ _______
Shareholders funds 4,908,613 4,854,920
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 January 2025 , and are signed on behalf of the board by:
T Edmonds
Director
Company registration number: 07787065
Edmonds, Marshall, McMahon Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 35 Cock Lane, London, EC1A 9BW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the value of services provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due.Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date, based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - straight line over 10 years
Fittings fixtures and equipment - 25 % reducing balance
Computer equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2023: 23 ).
5. Tangible assets
Short leasehold property Fixtures, fittings and equipment Computer equipment Total
£ £ £ £
Cost
At 1 October 2023 394,920 118,567 70,474 583,961
Additions - 3,236 65,105 68,341
_______ _______ _______ _______
At 30 September 2024 394,920 121,803 135,579 652,302
_______ _______ _______ _______
Depreciation
At 1 October 2023 236,952 99,580 49,071 385,603
Charge for the year 39,492 5,556 21,627 66,675
_______ _______ _______ _______
At 30 September 2024 276,444 105,136 70,698 452,278
_______ _______ _______ _______
Carrying amount
At 30 September 2024 118,476 16,667 64,881 200,024
_______ _______ _______ _______
At 30 September 2023 157,968 18,987 21,403 198,358
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 3,440,915 2,495,436
Other debtors 181,864 232,326
_______ _______
3,622,779 2,727,762
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 398,627 290,549
Corporation tax 298,901 36,423
Social security and other taxes 99,613 74,119
Other creditors 1,441,410 960,755
_______ _______
2,238,551 1,361,846
_______ _______