Edasi Ltd 11418989 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Engineering related scientific and technical consulting activities Digita Accounts Production Advanced 6.30.9574.0 true true 11418989 2023-07-01 2024-06-30 11418989 2024-06-30 11418989 bus:OrdinaryShareClass1 2024-06-30 11418989 core:CurrentFinancialInstruments 2024-06-30 11418989 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11418989 core:OtherPropertyPlantEquipment 2024-06-30 11418989 bus:SmallEntities 2023-07-01 2024-06-30 11418989 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11418989 bus:FilletedAccounts 2023-07-01 2024-06-30 11418989 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11418989 bus:RegisteredOffice 2023-07-01 2024-06-30 11418989 bus:Director1 2023-07-01 2024-06-30 11418989 bus:Director2 2023-07-01 2024-06-30 11418989 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11418989 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11418989 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 11418989 countries:AllCountries 2023-07-01 2024-06-30 11418989 2023-06-30 11418989 core:OtherPropertyPlantEquipment 2023-06-30 11418989 2022-07-01 2023-06-30 11418989 2023-06-30 11418989 bus:OrdinaryShareClass1 2023-06-30 11418989 core:CurrentFinancialInstruments 2023-06-30 11418989 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11418989 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11418989

Edasi Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Edasi Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Edasi Ltd

Company Information

Directors

Ms K Shaw

Mr I J Shaw

Registered office

12 Barton Road
Barton On Sea
Hampshire
BH25 7PL

Accountants

E J Business Consultants Limited
No 2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

 

Edasi Ltd

(Registration number: 11418989)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

544

680

Current assets

 

Debtors

2,067

25

Cash at bank and in hand

 

41,378

138,801

 

43,445

138,826

Creditors: Amounts falling due within one year

(1,683)

(6,245)

Net current assets

 

41,762

132,581

Total assets less current liabilities

 

42,306

133,261

Provisions for liabilities

(129)

(129)

Net assets

 

42,177

133,132

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

42,077

133,032

Shareholders' funds

 

42,177

133,132

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

 

Edasi Ltd

(Registration number: 11418989)
Balance Sheet as at 30 June 2024

.........................................
Ms K Shaw
Director

.........................................
Mr I J Shaw
Director

 

Edasi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Edasi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Edasi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

1,587

1,587

At 30 June 2024

1,587

1,587

Depreciation

At 1 July 2023

907

907

Charge for the year

136

136

At 30 June 2024

1,043

1,043

Carrying amount

At 30 June 2024

544

544

At 30 June 2023

680

680

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100