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Company Registration No. 12385259 (England and Wales)
Edvantage Ltd Unaudited accounts for the year ended 31 January 2024
Edvantage Ltd Unaudited accounts Contents
Page
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Edvantage Ltd Company Information for the year ended 31 January 2024
Director
Peter Edwards
Company Number
12385259 (England and Wales)
Registered Office
4 The Old Barns Kehelland Camborne Cornwall TR14 0DD England
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Edvantage Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,885 
1,601 
Current assets
Debtors
197,693 
272,206 
Cash at bank and in hand
9,290 
25,508 
206,983 
297,714 
Creditors: amounts falling due within one year
(188,863)
(283,522)
Net current assets
18,120 
14,192 
Total assets less current liabilities
20,005 
15,793 
Creditors: amounts falling due after more than one year
(11,333)
(14,901)
Net assets
8,672 
892 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,572 
792 
Shareholders' funds
8,672 
892 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 14 April 2025 and were signed on its behalf by
Peter Edwards Director Company Registration No. 12385259
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Edvantage Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Edvantage Ltd is a private company, limited by shares, registered in England and Wales, registration number 12385259. The registered office is 4 The Old Barns, Kehelland, Camborne, Cornwall, TR14 0DD, England.
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.
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
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
5,665 
5,665 
Additions
912 
- 
912 
At 31 January 2024
912 
5,665 
6,577 
Depreciation
At 1 February 2023
- 
4,064 
4,064 
Charge for the year
228 
400 
628 
At 31 January 2024
228 
4,464 
4,692 
Net book value
At 31 January 2024
684 
1,201 
1,885 
At 31 January 2023
- 
1,601 
1,601 
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Edvantage Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
51,135 
154,784 
Other debtors
146,558 
117,422 
197,693 
272,206 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
39,607 
- 
VAT
14,525 
34,484 
Trade creditors
38,960 
48,177 
Taxes and social security
57,997 
58,383 
Other creditors
36,359 
141,828 
Accruals
1,415 
650 
188,863 
283,522 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,333 
14,901 
8
Transactions with related parties
Included within Other Debtors is a loan to Director Mr P Edwards for £108,591 (2023: £87,239). The loan is unsecured, interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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