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REGISTERED NUMBER: SC082708 (Scotland)















Financial Statements For The Year Ended 30 June 2024

for

Edroyd Limited

Edroyd Limited (Registered number: SC082708)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Edroyd Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: S Groundland
Y S Groundland





SECRETARY: S Groundland





REGISTERED OFFICE: 33 Argyll Arcade
Argyle Street
Glasgow
G2 8BA





REGISTERED NUMBER: SC082708 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Edroyd Limited (Registered number: SC082708)

Abridged Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 274,895 218,269
274,895 218,269

CURRENT ASSETS
Stocks 7,999,231 7,229,088
Debtors 117,793 123,084
Cash at bank and in hand 66,657 49,272
8,183,681 7,401,444
CREDITORS
Amounts falling due within one year 3,630,540 2,944,772
NET CURRENT ASSETS 4,553,141 4,456,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,828,036

4,674,941

CREDITORS
Amounts falling due after more than one
year

(958,007

)

(1,160,078

)

PROVISIONS FOR LIABILITIES (66,694 ) (54,011 )
NET ASSETS 3,803,335 3,460,852

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 3,803,235 3,460,752
SHAREHOLDERS' FUNDS 3,803,335 3,460,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Edroyd Limited (Registered number: SC082708)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





S Groundland - Director


Edroyd Limited (Registered number: SC082708)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Edroyd Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services 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 statement of financial position date turnover represents the value of the service provided to the date based on a proportion of the total contract value. 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.

Intangible fixed assets
Intangible fixed assets have been amortised at the following rates:

Websites - straight line over 5 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - over the period of lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33.33% on cost

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

Financial instruments
The company holds basic financial instruments which are recognised at cost.


Edroyd Limited (Registered number: SC082708)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the statement of comprehensive income over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to statement of comprehensive income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 7,515
AMORTISATION
At 1 July 2023
and 30 June 2024 7,515
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

Edroyd Limited (Registered number: SC082708)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 367,774
Additions 134,434
At 30 June 2024 502,208
DEPRECIATION
At 1 July 2023 149,505
Charge for year 77,808
At 30 June 2024 227,313
NET BOOK VALUE
At 30 June 2024 274,895
At 30 June 2023 218,269

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023 243,671
Additions 111,599
At 30 June 2024 355,270
DEPRECIATION
At 1 July 2023 52,863
Charge for year 69,799
At 30 June 2024 122,662
NET BOOK VALUE
At 30 June 2024 232,608
At 30 June 2023 190,808

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 40,544 25,235
Between one and five years 256,004 195,264
296,548 220,499

Edroyd Limited (Registered number: SC082708)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

6. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 44,500 40,500
Between one and five years 178,000 -
In more than five years 222,500 -
445,000 40,500

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 165,000 255,000

Bank of Scotland holds a Bond and Floating charge over the whole assets of the company.