IRIS Accounts Production v25.1.0.734 12349525 director 1.1.24 31.12.24 31.12.24 false true false false false true false A ordinary 1.00000 B ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123495252023-12-31123495252024-12-31123495252024-01-012024-12-31123495252022-12-31123495252023-01-012023-12-31123495252023-12-3112349525ns15:EnglandWales2024-01-012024-12-3112349525ns14:PoundSterling2024-01-012024-12-3112349525ns10:Director12024-01-012024-12-3112349525ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112349525ns10:SmallEntities2024-01-012024-12-3112349525ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112349525ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112349525ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112349525ns10:FullAccounts2024-01-012024-12-311234952512024-01-012024-12-3112349525ns10:OrdinaryShareClass12024-01-012024-12-3112349525ns10:OrdinaryShareClass22024-01-012024-12-3112349525ns10:RegisteredOffice2024-01-012024-12-3112349525ns5:CurrentFinancialInstruments2024-12-3112349525ns5:CurrentFinancialInstruments2023-12-3112349525ns5:Non-currentFinancialInstruments2024-12-3112349525ns5:Non-currentFinancialInstruments2023-12-3112349525ns5:ShareCapital2024-12-3112349525ns5:ShareCapital2023-12-3112349525ns5:RetainedEarningsAccumulatedLosses2024-12-3112349525ns5:RetainedEarningsAccumulatedLosses2023-12-3112349525ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112349525ns5:FurnitureFittings2024-01-012024-12-3112349525ns5:MotorVehicles2024-01-012024-12-3112349525ns5:NetGoodwill2023-12-3112349525ns5:NetGoodwill2024-01-012024-12-3112349525ns5:NetGoodwill2024-12-3112349525ns5:NetGoodwill2023-12-3112349525ns5:FurnitureFittings2023-12-3112349525ns5:MotorVehicles2023-12-3112349525ns5:FurnitureFittings2024-12-3112349525ns5:MotorVehicles2024-12-3112349525ns5:FurnitureFittings2023-12-3112349525ns5:MotorVehicles2023-12-3112349525ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3112349525ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3112349525ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3112349525ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3112349525ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112349525ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112349525ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3112349525ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3112349525ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3112349525ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3112349525ns5:HirePurchaseContracts2024-12-3112349525ns5:HirePurchaseContracts2023-12-3112349525ns5:WithinOneYear2024-12-3112349525ns5:WithinOneYear2023-12-3112349525ns5:DeferredTaxation2023-12-3112349525ns5:DeferredTaxation2024-12-3112349525ns10:OrdinaryShareClass12024-12-3112349525ns10:OrdinaryShareClass22024-12-31123495251ns10:Director12023-12-31123495251ns10:Director12022-12-31123495251ns10:Director12024-01-012024-12-31123495251ns10:Director12023-01-012023-12-31123495251ns10:Director12024-12-31123495251ns10:Director12023-12-31
REGISTERED NUMBER: 12349525 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ED (HERTS) LIMITED

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ED (HERTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: E Di Gesaro





REGISTERED OFFICE: 98/100 Fore Street
Hertford
SG14 1AB





REGISTERED NUMBER: 12349525 (England and Wales)





ACCOUNTANTS: CP Waites
Chartered Accountants
24 St Cuthberts Way
Darlington
DL1 1GB

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 120,000
Tangible assets 5 22,956 31,884
122,956 151,884

CURRENT ASSETS
Stocks 6,473 6,056
Debtors 6 5,589 17,374
Cash at bank and in hand 29,718 24,848
41,780 48,278
CREDITORS
Amounts falling due within one year 7 35,023 65,659
NET CURRENT ASSETS/(LIABILITIES) 6,757 (17,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,713

134,503

CREDITORS
Amounts falling due after more than one
year

8

(21,093

)

(23,837

)

PROVISIONS FOR LIABILITIES 11 (3,900 ) (5,100 )
NET ASSETS 104,720 105,566

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 104,620 105,466
SHAREHOLDERS' FUNDS 104,720 105,566

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 12 June 2025 and were signed by:





E Di Gesaro - Director


ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

ED (Herts) 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 net invoiced sales of goods and services, excluding value added tax.

Intangible fixed assets
Goodwill is being amortised in equal instalments over its estimated useful life of 10 years.

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.
Fixtures, fittings and equipment - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for slow moving items.

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.

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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
The company contributes to an auto enrolment pension scheme. Contributions paid are charged to the profit and loss account in the period to which they relate.

Grants
Grants in respect of revenue expenditure are credited to the profit and loss account in the period the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 200,000
AMORTISATION
At 1 January 2024 80,000
Charge for year 20,000
At 31 December 2024 100,000
NET BOOK VALUE
At 31 December 2024 100,000
At 31 December 2023 120,000

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 January 2024 25,099 29,695 54,794
Disposals (1,818 ) - (1,818 )
At 31 December 2024 23,281 29,695 52,976
DEPRECIATION
At 1 January 2024 19,198 3,712 22,910
Charge for year 2,214 6,496 8,710
Eliminated on disposal (1,600 ) - (1,600 )
At 31 December 2024 19,812 10,208 30,020
NET BOOK VALUE
At 31 December 2024 3,469 19,487 22,956
At 31 December 2023 5,901 25,983 31,884

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 29,695
DEPRECIATION
At 1 January 2024 3,712
Charge for year 6,496
At 31 December 2024 10,208
NET BOOK VALUE
At 31 December 2024 19,487
At 31 December 2023 25,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 2,553 -
Prepayments and accrued income 3,036 17,374
5,589 17,374

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan - 6,728
Hire purchase contracts (see note 9) 2,744 1,966
Trade creditors 4,768 4,761
Corporation tax 9,002 7,573
Social security and other taxes 15,735 14,515
Director's current account - 26,330
Accrued expenses 2,774 3,786
35,023 65,659

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 21,093 23,837

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,744 1,966
Between one and five years 21,093 23,837
23,837 25,803

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 30,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 23,837 25,803

The hire purchase is secured over the asset to which it relates

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,900 5,100

ED (HERTS) LIMITED (REGISTERED NUMBER: 12349525)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 5,100
Movement (1,200 )
Balance at 31 December 2024 3,900

Deferred tax has been fully provided and related to accelerated capital allowances.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A ordinary 1 50 50
50 B ordinary 1 50 50
100 100

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
E Di Gesaro
Balance outstanding at start of year (26,330 ) (37,763 )
Amounts advanced 43,265 14,590
Amounts repaid (14,382 ) (3,157 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,553 (26,330 )

14. RELATED PARTY DISCLOSURES

During the year, rent of £30,000 (2023 - £30,000) was paid to the director for the use of premises which are owned by him.

During the year, the company paid dividends of £10,500 (2023- £14,268) to Mr E Di Gesaro and £1,000 (2023 - £10,400) to his wife Mrs C Di Gesaro.

15. ULTIMATE CONTROLLING PARTY

Mr E Di Gesaro and his wife Mrs C Di Gesaro own the entire issued share capital of the company.