Registered number
08871323
Edging (UK) Limited
Filleted Accounts
31 January 2025
Edging (UK) Limited
Registered number: 08871323
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 99,300 96,350
Current assets
Debtors 4 1,528 5,714
Cash at bank and in hand 7,509 19,858
9,037 25,572
Creditors: amounts falling due within one year 5 (2,637) (2,519)
Net current assets 6,400 23,053
Total assets less current liabilities 105,700 119,403
Creditors: amounts falling due after more than one year 6 (127,696) (127,732)
Net liabilities (21,996) (8,329)
Capital and reserves
Called up share capital 100 100
Profit and loss account (22,096) (8,429)
Shareholders' funds (21,996) (8,329)
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.
M J Smith
Director
Approved by the board on 28 February 2025
Edging (UK) Limited
Notes to the Accounts
for the year ended 31 January 2025
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Leasehold property over 50 years
Plant and machinery over 5 years
Motor vehicles over 5 years
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Leasehold property Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 108,291 18,676 25,331 152,298
Additions - - 15,804 15,804
Disposals - - (31,281) (31,281)
At 31 January 2025 108,291 18,676 9,854 136,821
Depreciation
At 1 February 2024 21,656 14,026 20,266 55,948
Charge for the year 2,170 2,460 2,274 6,904
On disposals - - (25,331) (25,331)
At 31 January 2025 23,826 16,486 (2,791) 37,521
Net book value
At 31 January 2025 84,465 2,190 12,645 99,300
At 31 January 2024 86,635 4,650 5,065 96,350
4 Debtors 2025 2024
£ £
Trade debtors 1,357 5,714
Other debtors 171 -
1,528 5,714
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,794 1,794
Taxation and social security costs 219 581
Other creditors 624 144
2,637 2,519
6 Creditors: amounts falling due after one year 2025 2024
£ £
Directors loan 127,696 127,732
7 Contingent liabilities
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of the directors.
8 Controlling party
The company is controlled by the director.
9 Other information
Edging (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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