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Company Registration No. 11573918 (England and Wales)
Open Edge Construction Ltd Unaudited accounts for the year ended 30 June 2024
Open Edge Construction Ltd Unaudited accounts Contents
Page
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Open Edge Construction Ltd Company Information for the year ended 30 June 2024
Director
Danny Steven Farenden
Company Number
11573918 (England and Wales)
Registered Office
Unit 1 Southmill Trading Centre Bishop's Stortford CM23 3DY England
Accountants
Kevin Gibbons MAAT Virtual Financial Controller Limited 11 Sussex Avenue Romford RM3 0TA
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Open Edge Construction Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
114,442 
146,582 
Current assets
Inventories
60,000 
- 
Debtors
39,964 
119,210 
Cash at bank and in hand
14,486 
154,344 
114,450 
273,554 
Creditors: amounts falling due within one year
(78,021)
(94,687)
Net current assets
36,429 
178,867 
Total assets less current liabilities
150,871 
325,449 
Creditors: amounts falling due after more than one year
(27,141)
(58,765)
Net assets
123,730 
266,684 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
123,729 
266,683 
Shareholders' funds
123,730 
266,684 
For the year ending 30 June 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 June 2025 and were signed on its behalf by
Danny Steven Farenden Director Company Registration No. 11573918
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Open Edge Construction Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Open Edge Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 11573918. The registered office is Unit 1 Southmill Trading Centre, Bishop's Stortford, CM23 3DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Open Edge Construction Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
65,021 
103,451 
2,499 
170,971 
Additions
11,000 
3,400 
(2,499)
11,901 
Revaluations
(36,823)
- 
- 
(36,823)
At 30 June 2024
39,198 
106,851 
- 
146,049 
Depreciation
At 1 July 2023
12,101 
11,150 
1,138 
24,389 
Charge for the year
6,070 
14,050 
(1,138)
18,982 
Surplus on revaluation
(11,764)
- 
- 
(11,764)
At 30 June 2024
6,407 
25,200 
- 
31,607 
Net book value
At 30 June 2024
32,791 
81,651 
- 
114,442 
At 30 June 2023
52,920 
92,301 
1,361 
146,582 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
10,250 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,919 
25,010 
Accrued income and prepayments
451 
- 
Other debtors
26,594 
94,200 
39,964 
119,210 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,385 
- 
Trade creditors
- 
14,742 
Taxes and social security
70,353 
49,945 
Other creditors
1,926 
- 
Accruals
3,357 
30,000 
78,021 
94,687 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,721 
- 
Other creditors
20,420 
58,765 
27,141 
58,765 
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Open Edge Construction Ltd Notes to the Accounts for the year ended 30 June 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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