IRIS Accounts Production v24.3.2.46 SC556284 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5562842023-04-30SC5562842024-04-30SC5562842023-05-012024-04-30SC5562842022-04-30SC5562842022-05-012023-04-30SC5562842023-04-30SC556284ns15:Scotland2023-05-012024-04-30SC556284ns14:PoundSterling2023-05-012024-04-30SC556284ns10:Director12023-05-012024-04-30SC556284ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC556284ns10:SmallEntities2023-05-012024-04-30SC556284ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC556284ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC556284ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC556284ns10:FullAccounts2023-05-012024-04-30SC55628412023-05-012024-04-30SC556284ns10:RegisteredOffice2023-05-012024-04-30SC556284ns5:CurrentFinancialInstruments2024-04-30SC556284ns5:CurrentFinancialInstruments2023-04-30SC556284ns5:Non-currentFinancialInstruments2024-04-30SC556284ns5:Non-currentFinancialInstruments2023-04-30SC556284ns5:ShareCapital2024-04-30SC556284ns5:ShareCapital2023-04-30SC556284ns5:FurtherSpecificReserve2ComponentTotalEquity2024-04-30SC556284ns5:FurtherSpecificReserve2ComponentTotalEquity2023-04-30SC556284ns5:RetainedEarningsAccumulatedLosses2024-04-30SC556284ns5:RetainedEarningsAccumulatedLosses2023-04-30SC556284ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC556284ns5:LeaseholdImprovements2023-05-012024-04-30SC556284ns5:FurnitureFittings2023-05-012024-04-30SC556284ns5:MotorVehicles2023-05-012024-04-30SC556284ns5:ComputerEquipment2023-05-012024-04-30SC556284ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-30SC556284ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-30SC556284ns5:PatentsTrademarksLicencesConcessionsSimilar2024-04-30SC556284ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-30SC556284ns5:LeaseholdImprovements2023-04-30SC556284ns5:FurnitureFittings2023-04-30SC556284ns5:MotorVehicles2023-04-30SC556284ns5:ComputerEquipment2023-04-30SC556284ns5:LeaseholdImprovements2024-04-30SC556284ns5:FurnitureFittings2024-04-30SC556284ns5:MotorVehicles2024-04-30SC556284ns5:ComputerEquipment2024-04-30SC556284ns5:LeaseholdImprovements2023-04-30SC556284ns5:FurnitureFittings2023-04-30SC556284ns5:MotorVehicles2023-04-30SC556284ns5:ComputerEquipment2023-04-30SC556284ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC556284ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30SC556284ns5:WithinOneYear2024-04-30SC556284ns5:WithinOneYear2023-04-30SC556284ns5:BetweenOneFiveYears2024-04-30SC556284ns5:BetweenOneFiveYears2023-04-30SC556284ns5:MoreThanFiveYears2024-04-30SC556284ns5:MoreThanFiveYears2023-04-30SC556284ns5:AllPeriods2024-04-30SC556284ns5:AllPeriods2023-04-30SC5562841ns10:Director12023-04-30SC5562841ns10:Director12022-04-30SC5562841ns10:Director12023-05-012024-04-30SC5562841ns10:Director12022-05-012023-04-30SC5562841ns10:Director12024-04-30SC5562841ns10:Director12023-04-30
REGISTERED NUMBER: SC556284 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Edwards Inverurie Ltd

Edwards Inverurie Ltd (Registered number: SC556284)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edwards Inverurie Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G R Cox





REGISTERED OFFICE: 1 East Craibstone Street
Aberdeen
AB11 6YQ





REGISTERED NUMBER: SC556284 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Edwards Inverurie Ltd (Registered number: SC556284)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 91,736 104,228
Tangible assets 5 43,324 49,457
135,060 153,685

CURRENT ASSETS
Stocks 15,612 11,025
Debtors 6 114,297 46,878
Cash at bank and in hand 5,615 6,158
135,524 64,061
CREDITORS
Amounts falling due within one year 7 440,564 338,199
NET CURRENT LIABILITIES (305,040 ) (274,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(169,980

)

(120,453

)

CREDITORS
Amounts falling due after more than one
year

8

29,612

34,835
NET LIABILITIES (199,592 ) (155,288 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 116,720 116,720
Retained earnings (317,312 ) (273,008 )
(199,592 ) (155,288 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Edwards Inverurie Ltd (Registered number: SC556284)

Balance Sheet - continued
30 April 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 director and authorised for issue on 26 March 2025 and were signed by:





Mr G R Cox - Director


Edwards Inverurie Ltd (Registered number: SC556284)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Edwards Inverurie Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company incurred a loss in the year and has a deficiency of £199,592. If necessary the company will be supported by the Director and based on this the Director considers it appropriate to prepare the accounts on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the Director's support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Leasehold interest is being amortised evenly across the remaining term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 44 ) .

Edwards Inverurie Ltd (Registered number: SC556284)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Leasehold
interest
£   
COST
At 1 May 2023
and 30 April 2024 182,303
AMORTISATION
At 1 May 2023 78,075
Amortisation for year 12,492
At 30 April 2024 90,567
NET BOOK VALUE
At 30 April 2024 91,736
At 30 April 2023 104,228

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 63,090 68,469 18,200 7,244 157,003
Additions - 11,579 - 417 11,996
Disposals - - (18,200 ) - (18,200 )
At 30 April 2024 63,090 80,048 - 7,661 150,799
DEPRECIATION
At 1 May 2023 31,252 55,334 14,961 5,999 107,546
Charge for year 6,309 7,298 - 1,283 14,890
Eliminated on disposal - - (14,961 ) - (14,961 )
At 30 April 2024 37,561 62,632 - 7,282 107,475
NET BOOK VALUE
At 30 April 2024 25,529 17,416 - 379 43,324
At 30 April 2023 31,838 13,135 3,239 1,245 49,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 9,980
Other debtors 114,297 36,898
114,297 46,878

Edwards Inverurie Ltd (Registered number: SC556284)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,396 5,556
Trade creditors 105,443 107,905
Taxation and social security 270,358 216,032
Other creditors 59,367 8,706
440,564 338,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 29,612 34,726
Other creditors - 109
29,612 34,835

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,628 12,503

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 45,000 45,000
Between one and five years 180,000 180,000
In more than five years 248,850 293,850
473,850 518,850

Operating lease payments are due in respect of premises rental payments.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr G R Cox
Balance outstanding at start of year 30,947 10,196
Amounts advanced 54,432 47,027
Amounts repaid (15,806 ) (26,276 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,573 30,947

Edwards Inverurie Ltd (Registered number: SC556284)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G R Cox.