IRIS Accounts Production v25.1.0.734 09689871 Board of Directors 1.8.23 31.7.24 31.7.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096898712023-07-31096898712024-07-31096898712023-08-012024-07-31096898712022-07-31096898712022-08-012023-07-31096898712023-07-3109689871ns15:EnglandWales2023-08-012024-07-3109689871ns14:PoundSterling2023-08-012024-07-3109689871ns10:Director12023-08-012024-07-3109689871ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109689871ns10:SmallEntities2023-08-012024-07-3109689871ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109689871ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109689871ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109689871ns10:FullAccounts2023-08-012024-07-310968987112023-08-012024-07-3109689871ns10:Director22023-08-012024-07-3109689871ns10:CompanySecretary12023-08-012024-07-3109689871ns10:RegisteredOffice2023-08-012024-07-3109689871ns5:CurrentFinancialInstruments2024-07-3109689871ns5:CurrentFinancialInstruments2023-07-3109689871ns5:Non-currentFinancialInstruments2024-07-3109689871ns5:Non-currentFinancialInstruments2023-07-3109689871ns5:ShareCapital2024-07-3109689871ns5:ShareCapital2023-07-3109689871ns5:RetainedEarningsAccumulatedLosses2024-07-3109689871ns5:RetainedEarningsAccumulatedLosses2023-07-310968987112023-08-012024-07-3109689871ns5:NetGoodwill2023-08-012024-07-3109689871ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3109689871ns5:PlantMachinery2023-08-012024-07-3109689871ns5:NetGoodwill2023-07-3109689871ns5:NetGoodwill2024-07-3109689871ns5:NetGoodwill2023-07-3109689871ns5:LandBuildings2023-07-3109689871ns5:PlantMachinery2023-07-3109689871ns5:LandBuildings2023-08-012024-07-3109689871ns5:LandBuildings2024-07-3109689871ns5:PlantMachinery2024-07-3109689871ns5:LandBuildings2023-07-3109689871ns5:PlantMachinery2023-07-3109689871ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109689871ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 09689871 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 July 2024

for

RD & GG Edwards Limited

RD & GG Edwards Limited (Registered number: 09689871)

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


RD & GG Edwards Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R D Edwards
Mrs G G Edwards





SECRETARY: R D Edwards





REGISTERED OFFICE: Ty Hen
Cliff Terrace
Aberystwyth
SY23 2DN





REGISTERED NUMBER: 09689871 (England and Wales)





ACCOUNTANTS: Mark Ward Chartered Certified Accountants
First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN

RD & GG Edwards Limited (Registered number: 09689871)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 8,715 16,185
Tangible assets 5 828,696 828,571
837,411 844,756

CURRENT ASSETS
Stocks 75,824 61,044
Debtors 6 400 6,016
Cash at bank and in hand 84,036 53,371
160,260 120,431
CREDITORS
Amounts falling due within one year 7 428,526 381,074
NET CURRENT LIABILITIES (268,266 ) (260,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES 569,145 584,113

CREDITORS
Amounts falling due after more than one
year

8

(190,367

)

(234,868

)

PROVISIONS FOR LIABILITIES (15,596 ) (16,083 )
NET ASSETS 363,182 333,162

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 363,082 333,062
SHAREHOLDERS' FUNDS 363,182 333,162

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.

RD & GG Edwards Limited (Registered number: 09689871)

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 18 April 2025 and were signed on its behalf by:





R D Edwards - Director


RD & GG Edwards Limited (Registered number: 09689871)

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


1. STATUTORY INFORMATION

RD & GG Edwards Limited is a private company, limited by shares , registered in England and Wales. 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
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.

Critical accounting judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

RD & GG Edwards Limited (Registered number: 09689871)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds the following financial instruments:

- Short term trade and other debtors and creditors;
- Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

RD & GG Edwards Limited (Registered number: 09689871)

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 NIL (2023 - 9 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 74,700
AMORTISATION
At 1 August 2023 58,515
Charge for year 7,470
At 31 July 2024 65,985
NET BOOK VALUE
At 31 July 2024 8,715
At 31 July 2023 16,185

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 755,646 130,698 886,344
Additions 4,285 18,747 23,032
At 31 July 2024 759,931 149,445 909,376
DEPRECIATION
At 1 August 2023 - 57,773 57,773
Charge for year - 22,907 22,907
At 31 July 2024 - 80,680 80,680
NET BOOK VALUE
At 31 July 2024 759,931 68,765 828,696
At 31 July 2023 755,646 72,925 828,571

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 400 6,016

RD & GG Edwards Limited (Registered number: 09689871)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 44,468 42,857
Trade creditors 45,005 47,798
Taxation and social security 39,285 24,779
Other creditors 299,768 265,640
428,526 381,074

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 190,367 234,868

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan > 5 years 34,843 72,709