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REGISTERED NUMBER: 05868898 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Edge Retail Limited

Edge Retail Limited (Registered number: 05868898)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edge Retail Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G A Quirke
C K Wick
S P Shields





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





REGISTERED NUMBER: 05868898 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Edge Retail Limited (Registered number: 05868898)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 407,306 414,000

CURRENT ASSETS
Stocks 175,775 412,646
Debtors 5 3,499,032 3,037,405
Cash at bank and in hand 1,830,871 1,056,271
5,505,678 4,506,322
CREDITORS
Amounts falling due within one year 6 (2,855,969 ) (2,201,885 )
NET CURRENT ASSETS 2,649,709 2,304,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,057,015

2,718,437

CREDITORS
Amounts falling due after more than one
year

7

(124,080

)

(218,192

)

PROVISIONS FOR LIABILITIES (88,922 ) (93,095 )
NET ASSETS 2,844,013 2,407,150

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 2,843,983 2,407,120
SHAREHOLDERS' FUNDS 2,844,013 2,407,150

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

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

Edge Retail Limited (Registered number: 05868898)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





C K Wick - Director


Edge Retail Limited (Registered number: 05868898)

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

1. STATUTORY INFORMATION

Edge Retail 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 comprises revenue recognised in respect of goods and services supplied, on a short-term and long-term basis during the year, exclusive of Value Added Tax and trade discounts.

In the case of long-term contracts, turnover reflects the contract activity during the year and represents the proportion of total contract value which costs incurred to date bear to total contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Edge Retail Limited (Registered number: 05868898)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Government grants received in relation to expenditure are credited when the expenditure is incurred to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 70,557 117,585 114,509
Additions - 17,627 23,720
Disposals - - -
At 31 August 2024 70,557 135,212 138,229
DEPRECIATION
At 1 September 2023 8,414 43,191 64,011
Charge for year 3,528 18,404 11,133
Eliminated on disposal - - -
At 31 August 2024 11,942 61,595 75,144
NET BOOK VALUE
At 31 August 2024 58,615 73,617 63,085
At 31 August 2023 62,143 74,394 50,498

Edge Retail Limited (Registered number: 05868898)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 423,537 121,619 847,807
Additions 64,226 5,111 110,684
Disposals (65,108 ) - (65,108 )
At 31 August 2024 422,655 126,730 893,383
DEPRECIATION
At 1 September 2023 221,202 96,989 433,807
Charge for year 62,949 14,846 110,860
Eliminated on disposal (58,590 ) - (58,590 )
At 31 August 2024 225,561 111,835 486,077
NET BOOK VALUE
At 31 August 2024 197,094 14,895 407,306
At 31 August 2023 202,335 24,630 414,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 3,162,047 2,667,550
Amounts recoverable on contract 274,342 274,342
Other debtors 62,643 95,513
3,499,032 3,037,405

Other debtors includes prepayments and accrued income of £19,991 (2023: £30,331).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 45,273 45,273
Hire purchase contracts 114,472 39,565
Trade creditors 1,950,837 1,764,217
Taxation and social security 641,650 237,898
Other creditors 103,737 114,932
2,855,969 2,201,885

Other creditors includes accruals and deferred income of £98,208 (2023: £101,803).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 37,727 77,925
Hire purchase contracts 86,353 140,267
124,080 218,192

Edge Retail Limited (Registered number: 05868898)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 83,000 123,198
Hire purchase contracts 200,825 179,832
283,825 303,030

Hire purchase liabilities are secured on the individual assets being so acquired.

The bank loan is secured by way of a fixed and floating charge over the business assets.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
G A Quirke
Balance outstanding at start of year - -
Amounts advanced 37,759 25,398
Amounts repaid (37,759 ) (25,398 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

C K Wick
Balance outstanding at start of year - -
Amounts advanced 7,264 -
Amounts repaid (7,264 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

S P Shields
Balance outstanding at start of year - -
Amounts advanced 15,842 -
Amounts repaid (15,842 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan was charged at HMRC's official rate of interest and was repayable on demand.