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REGISTERED NUMBER: 07940927 (England and Wales)















Edge It Consulting Limited

Unaudited Financial Statements For The Year Ended 31 December 2024






Edge It Consulting Limited (Registered number: 07940927)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edge It Consulting Limited

Company Information
For The Year Ended 31 December 2024







DIRECTORS: Mr Jermaine L Gibson
Mrs Nadine Turner





REGISTERED OFFICE: Building 15 Gateway 1000
Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP





REGISTERED NUMBER: 07940927 (England and Wales)

Edge It Consulting Limited (Registered number: 07940927)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,753 10,995

CURRENT ASSETS
Stocks 5 6,480 5,950
Debtors 6 365,967 307,714
Cash at bank 8,103 80,781
380,550 394,445
CREDITORS
Amounts falling due within one year 7 (298,837 ) (278,313 )
NET CURRENT ASSETS 81,713 116,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,466

127,127

CREDITORS
Amounts falling due after more than one year 8 (81,809 ) (126,837 )
NET ASSETS 7,657 290

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 7,457 90
7,657 290

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

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

Edge It Consulting Limited (Registered number: 07940927)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mr Jermaine L Gibson - Director


Edge It Consulting Limited (Registered number: 07940927)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Edge It Consulting 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
The turnover shown in the profit and loss account represents goods sold during the year, exclusive of Value Added Tax. Income is recognised on despatch.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 profit or loss in the period to which they relate.

Edge It Consulting Limited (Registered number: 07940927)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 1,753 37,117 38,870
Additions 107 2,651 2,758
At 31 December 2024 1,860 39,768 41,628
DEPRECIATION
At 1 January 2024 918 26,957 27,875
Charge for year 456 5,544 6,000
At 31 December 2024 1,374 32,501 33,875
NET BOOK VALUE
At 31 December 2024 486 7,267 7,753
At 31 December 2023 835 10,160 10,995

5. STOCKS
2024 2023
£    £   
Stocks 6,480 5,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,120 128,663
Other debtors 139,266 146,818
Directors' current accounts 56,923 24,162
Tax 24,983 5,771
Prepayments and accrued income 2,675 2,300
365,967 307,714

Edge It Consulting Limited (Registered number: 07940927)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,361 44,062
Trade creditors 50,205 34,382
Tax 52,739 -
Social security and other taxes 12,126 11,215
Pensions due - 2,087
VAT 54,988 49,159
Other creditors 63,737 76,935
Accruals and deferred income 12,681 60,473
298,837 278,313

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 46,368 52,356
Bank loans - 2-5 years 35,441 74,481
81,809 126,837

9. RELATED PARTY DISCLOSURES

At the year end date the company is owed £56,923 by the director (2023 - £24,162).

At the year end date the company was owed £138,718 by Bridgecam Solutions Ltd (2023 - £146,818), a company which the directors owns 100% of the share capital.