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Registered number: 4802726
ARTHUR G EDWARDS AND COMPANY LIMITED
Financial Statements
For The Year Ended 31 August 2024
Arthur G Edwards & Co Limited
Chartered Certified Accountants
Alexandra House
74 Moorland Road
Stoke-on-Trent
Staffs
ST6 1DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4802726
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,387 22,171
Tangible Assets 5 940 1,044
12,327 23,215
CURRENT ASSETS
Debtors 6 38,244 32,826
Cash at bank and in hand 25,318 36,263
63,562 69,089
Creditors: Amounts Falling Due Within One Year 7 (36,505 ) (36,393 )
NET CURRENT ASSETS (LIABILITIES) 27,057 32,696
TOTAL ASSETS LESS CURRENT LIABILITIES 39,384 55,911
NET ASSETS 39,384 55,911
CAPITAL AND RESERVES
Called up share capital 8 700 700
Capital redemption reserve 300 300
Profit and Loss Account 38,384 54,911
SHAREHOLDERS' FUNDS 39,384 55,911
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For the year ending 31 August 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
Mr Arthur Edwards
Director
09/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ARTHUR G EDWARDS AND COMPANY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 4802726 . The registered office is Alexandra House, 74 Moorland Road, Stoke-on-Trent, Staffs, ST6 1DY.
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 comprises the invoiced value of services provided by the company during the year, net of value added tax, after adjusting for work in progress.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation. 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:
Fixtures & Fittings 10% reducing balance
2.5. Leasing and Hire Purchase Contracts
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.
2.6. Taxation
The corporation tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of adjustnents made for disallowable items of expenditure. 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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 215,684
As at 31 August 2024 215,684
Amortisation
As at 1 September 2023 193,513
Provided during the period 10,784
As at 31 August 2024 204,297
Net Book Value
As at 31 August 2024 11,387
As at 1 September 2023 22,171
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 6,801
As at 31 August 2024 6,801
Depreciation
As at 1 September 2023 5,757
Provided during the period 104
As at 31 August 2024 5,861
Net Book Value
As at 31 August 2024 940
As at 1 September 2023 1,044
6. Debtors
2024 2023
£ £
Due within one year
Debtors including work in progress 38,244 32,826
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 383 2,064
Corporation tax 13,536 12,938
Other taxes and social security 1,359 1,416
VAT 9,868 11,177
Other creditors 1,488 1,488
Accruals and deferred income 9,871 7,310
36,505 36,393
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 700 700
9. Controlling Party
The company's controlling party is Mr Arthur Edwards by virtue of his ownership of 72.85% of the issued share capital in the company.
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