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REGISTERED NUMBER: 07734748 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ed Sherwood Limited

Ed Sherwood Limited (Registered number: 07734748)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ed Sherwood Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: E G Sherwood
Mrs R Sherwood





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 07734748 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Ed Sherwood Limited (Registered number: 07734748)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 709 536

CURRENT ASSETS
Debtors 5 13,931 17,058
Cash at bank 15,836 26,764
29,767 43,822
CREDITORS
Amounts falling due within one year 6 1,246 1,674
NET CURRENT ASSETS 28,521 42,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,230

42,684

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,130 42,584
SHAREHOLDERS' FUNDS 29,230 42,684

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

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

Ed Sherwood Limited (Registered number: 07734748)

Balance Sheet - continued
31 July 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 11 March 2025 and were signed on its behalf by:





E G Sherwood - Director


Ed Sherwood Limited (Registered number: 07734748)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ed Sherwood Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue represents the fair value of fees and expenses charged to clients excluding Value Added Tax (having regard to the fulfilment of contractual obligations).

Tangible fixed assets & depreciation
Tangible fixed assets are initially recorded at cost.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives on the following bases:

Computer equipment - 25% on cost.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

Ed Sherwood Limited (Registered number: 07734748)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023 6,826
Additions 945
At 31 July 2024 7,771
DEPRECIATION
At 1 August 2023 6,290
Charge for year 772
At 31 July 2024 7,062
NET BOOK VALUE
At 31 July 2024 709
At 31 July 2023 536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Directors' loan accounts 13,271 12,267
Prepayments and accrued income 660 4,791
13,931 17,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax - 660
Accruals and deferred income 1,246 1,014
1,246 1,674

Ed Sherwood Limited (Registered number: 07734748)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
E G Sherwood
Balance outstanding at start of year 6,134 5,620
Amounts advanced 502 514
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,636 6,134

Mrs R Sherwood
Balance outstanding at start of year 6,133 -
Amounts advanced 502 6,133
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,635 6,133