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Company Registration No. 06278751 (England and Wales)
EDMANS & CO LIMITED Unaudited accounts for the year ended 30 June 2024
EDMANS & CO LIMITED Unaudited accounts Contents
Page
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EDMANS & CO LIMITED Company Information for the year ended 30 June 2024
Directors
David Manasyan Emil Manasyan
Company Number
06278751 (England and Wales)
Registered Office
16 High Holborn London WC1V 6BX United Kingdom
Accountants
BNA Consulting Services Ltd One Kingdom Street Paddington Central London W2 6BD
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EDMANS & CO LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,835 
13,322 
Current assets
Debtors
286,524 
195,366 
Cash at bank and in hand
179,313 
282,387 
465,837 
477,753 
Creditors: amounts falling due within one year
(266,779)
(289,566)
Net current assets
199,058 
188,187 
Total assets less current liabilities
210,893 
201,509 
Creditors: amounts falling due after more than one year
(19,762)
(29,809)
Net assets
191,131 
171,700 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
191,031 
171,600 
Shareholders' funds
191,131 
171,700 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by
David Manasyan Director Company Registration No. 06278751
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EDMANS & CO LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
EDMANS & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06278751. The registered office is 16 High Holborn, London, WC1V 6BX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% on reduce cost
Fixtures & fittings
18% on reduce cost
Computer equipment
18% on reduce cost
Financial instruments
The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments. Basic financial assets, which includes debtors, cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consists a financing transaction, where the transaction is measured at the present valve of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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EDMANS & CO LIMITED Notes to the Accounts for the year ended 30 June 2024
Taxation
The tax expenses represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further includes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
33,500 
3,565 
13,948 
51,013 
Additions
- 
- 
1,173 
1,173 
At 30 June 2024
33,500 
3,565 
15,121 
52,186 
Depreciation
At 1 July 2023
25,796 
1,374 
10,521 
37,691 
Charge for the year
1,387 
445 
828 
2,660 
At 30 June 2024
27,183 
1,819 
11,349 
40,351 
Net book value
At 30 June 2024
6,317 
1,746 
3,772 
11,835 
At 30 June 2023
7,704 
2,191 
3,427 
13,322 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,650 
12,775 
Other debtors
278,874 
182,591 
286,524 
195,366 
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EDMANS & CO LIMITED Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,578 
10,426 
Trade creditors
134 
2,085 
Taxes and social security
66,538 
82,934 
Other creditors
13,422 
(880)
Loans from directors
64,823 
67,577 
Accruals
3,370 
3,370 
Deferred income
107,914 
124,054 
266,779 
289,566 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,762 
29,809 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 5 (2023: 3).
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