Registered number
06985111
ROBERT AND EDWARDS LIMITED
Filleted Accounts
31 August 2024
ROBERT AND EDWARDS LIMITED
Registered number: 06985111
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 26,250 31,250
Tangible assets 4 18,516 24,689
44,766 55,939
Current assets
Stocks 13,400 4,500
Debtors 5 45,860 42,251
Cash at bank and in hand 314,518 289,705
373,778 336,456
Creditors: amounts falling due within one year 6 (156,987) (116,755)
Net current assets 216,791 219,701
Net assets 261,557 275,640
Capital and reserves
Called up share capital 100 100
Profit and loss account 261,457 275,540
Shareholders' funds 261,557 275,640
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR R HEWITT
Director
Approved by the board on 27 May 2025
ROBERT AND EDWARDS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 100,000
At 31 August 2024 100,000
Amortisation
At 1 September 2023 68,750
Provided during the year 5,000
At 31 August 2024 73,750
Net book value
At 31 August 2024 26,250
At 31 August 2023 31,250
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 6,778 78,367 43,745 128,890
At 31 August 2024 6,778 78,367 43,745 128,890
Depreciation
At 1 September 2023 6,777 72,943 24,481 104,201
Charge for the year - 1,357 4,816 6,173
At 31 August 2024 6,777 74,300 29,297 110,374
Net book value
At 31 August 2024 1 4,067 14,448 18,516
At 31 August 2023 1 5,424 19,264 24,689
5 Debtors 2024 2023
£ £
Trade debtors 33,320 28,951
Other debtors 12,540 13,300
45,860 42,251
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 107,139 76,892
Taxation and social security costs 12,579 7,935
Directors' current accounts 23,491 26,470
Other creditors 13,778 5,458
156,987 116,755
7 Other information
ROBERT AND EDWARDS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 West road
Reigate
Surrey
RH2 7JT
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