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REGISTERED NUMBER: 00396168 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

EDMAR ENGINEERING CO. LIMITED

EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EDMAR ENGINEERING CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: Mrs S E Taylor
Mrs P Defaye Catton
Mrs J Sheppard
Mrs A Hayton
Mr R S Dale



REGISTERED OFFICE: 457 Lichfield Road
Aston
BIRMINGHAM
B6 7SS



REGISTERED NUMBER: 00396168 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: HSBC Bank PLC
PO Box 33
9 Queen Square
Wolverhampton
West Midlands
WV1 1TE



INCORPORATED: 13th June 1945

EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 136,945 96,884

CURRENT ASSETS
Stocks 9,884 13,642
Debtors 159,061 129,032
Cash at bank and in hand 39,159 11,986
208,104 154,660
CREDITORS
Amounts falling due within one year 201,090 181,894
NET CURRENT ASSETS/(LIABILITIES) 7,014 (27,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,959

69,650

CREDITORS
Amounts falling due after more than one
year

(35,333

)

(11,028

)

PROVISIONS FOR LIABILITIES 6 (29,712 ) (25,673 )
NET ASSETS 78,914 32,949

CAPITAL AND RESERVES
Called up share capital 7 22,570 22,570
Retained earnings 56,344 10,379
SHAREHOLDERS' FUNDS 78,914 32,949

EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2024


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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8th April 2025 and were signed on its behalf by:




Mrs J Sheppard - Director



Mrs A Hayton - Director


EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Edmar Engineering Co. 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.

Turnover
Turnover represents sales of goods net of VAT. Turnover is recognised when the goods are physically delivered to the customer. Where goods are supplied under a contract that straddles the year end, turnover is recognised on the percentage complete at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost and 2% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

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.


EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

The company contributes into the director's defined contribution pension scheme. Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they relate.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2023 222,501
Additions 52,227
At 31st October 2024 274,728
DEPRECIATION
At 1st November 2023 125,617
Charge for year 12,166
At 31st October 2024 137,783
NET BOOK VALUE
At 31st October 2024 136,945
At 31st October 2023 96,884

EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st November 2023 81,808
Additions 46,290
At 31st October 2024 128,098
DEPRECIATION
At 1st November 2023 5,726
Charge for year 5,055
At 31st October 2024 10,781
NET BOOK VALUE
At 31st October 2024 117,317
At 31st October 2023 76,082

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 16,985 8,011
Between one and five years 35,333 11,028
52,318 19,039

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 29,712 25,673

EDMAR ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00396168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st November 2023 25,673
Provided during year 4,039
Movement during the year
Balance at 31st October 2024 29,712

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
22,450 Ordinary 'A' £1 22,450 22,450
50 Ordinary 'B' £1 50 50
20 Ordinary 'C' £1 20 20
20 Ordinary 'D' £1 20 20
10 Ordinary 'E' £1 10 10
20 Ordinary 'F' £1 20 20
22,570 22,570