Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06705485 P M Gregory L A Gregory iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06705485 2023-12-31 06705485 2024-12-31 06705485 2024-01-01 2024-12-31 06705485 frs-core:CurrentFinancialInstruments 2024-12-31 06705485 frs-core:Non-currentFinancialInstruments 2024-12-31 06705485 frs-core:BetweenOneFiveYears 2024-12-31 06705485 frs-core:ComputerEquipment 2024-12-31 06705485 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06705485 frs-core:ComputerEquipment 2023-12-31 06705485 frs-core:FurnitureFittings 2024-12-31 06705485 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06705485 frs-core:FurnitureFittings 2023-12-31 06705485 frs-core:PlantMachinery 2024-12-31 06705485 frs-core:PlantMachinery 2024-01-01 2024-12-31 06705485 frs-core:PlantMachinery 2023-12-31 06705485 frs-core:WithinOneYear 2024-12-31 06705485 frs-core:ShareCapital 2024-12-31 06705485 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06705485 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06705485 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06705485 frs-bus:SmallEntities 2024-01-01 2024-12-31 06705485 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06705485 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06705485 frs-bus:Director1 2024-01-01 2024-12-31 06705485 frs-bus:Director2 2024-01-01 2024-12-31 06705485 frs-countries:EnglandWales 2024-01-01 2024-12-31 06705485 2022-12-31 06705485 2023-12-31 06705485 2023-01-01 2023-12-31 06705485 frs-core:CurrentFinancialInstruments 2023-12-31 06705485 frs-core:Non-currentFinancialInstruments 2023-12-31 06705485 frs-core:BetweenOneFiveYears 2023-12-31 06705485 frs-core:WithinOneYear 2023-12-31 06705485 frs-core:ShareCapital 2023-12-31 06705485 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06705485
Edge Confectionery Limited
Financial Statements
For The Year Ended 31 December 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06705485
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,630 11,999
11,630 11,999
CURRENT ASSETS
Debtors 5 90,303 656
Cash at bank and in hand 271,375 557,746
361,678 558,402
Creditors: Amounts Falling Due Within One Year 6 (336,384 ) (439,886 )
NET CURRENT ASSETS (LIABILITIES) 25,294 118,516
TOTAL ASSETS LESS CURRENT LIABILITIES 36,924 130,515
Creditors: Amounts Falling Due After More Than One Year 7 (27,830 ) (33,683 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,209 ) (2,583 )
NET ASSETS 6,885 94,249
CAPITAL AND RESERVES
Called up share capital 8 8 8
Profit and Loss Account 6,877 94,241
SHAREHOLDERS' FUNDS 6,885 94,249
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P M Gregory
Director
25th April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Edge Confectionery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06705485 . The registered office is Unit 13e 92 Burton Road, Sheffield, S3 8BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 20% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 5,056 16,331 7,750 29,137
Additions - 1,145 870 2,015
As at 31 December 2024 5,056 17,476 8,620 31,152
Depreciation
As at 1 January 2024 2,628 10,468 4,042 17,138
Provided during the period 607 919 858 2,384
As at 31 December 2024 3,235 11,387 4,900 19,522
Net Book Value
As at 31 December 2024 1,821 6,089 3,720 11,630
As at 1 January 2024 2,428 5,863 3,708 11,999
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,000 -
Prepayments and accrued income 2,338 -
Other taxes and social security 965 656
90,303 656
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,495 109
Bank loans and overdrafts 5,000 5,000
Corporation tax 24,373 39,760
VAT 61,179 127,917
Accruals and deferred income 158,333 261,129
Directors' loan accounts 1,004 5,971
336,384 439,886
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,830 33,683
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 10,250 4,030
Later than one year and not later than five years 14,521 -
24,771 4,030
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