Company registration number 00745250 (England and Wales)
H & E EDWARDS (COLCHESTER) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
92 Station Road
Clacton on Sea
Essex
CO15 1SG
H & E EDWARDS (COLCHESTER) LTD
COMPANY INFORMATION
- 1 -
Directors
Mr N E Felgate
Mrs M R Felgate
Secretary
Mr N E Felgate
Company number
00745250
Registered office
The Warehouse
Portland Road
Colchester
Essex
CO2 7EQ
Accountants
TC Group
92 Station Road
Clacton on Sea
Essex
CO15 1SG
H & E EDWARDS (COLCHESTER) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
8,808
10,308
Current assets
Stocks
2,748
11,875
Debtors
5
63,032
65,336
Cash at bank and in hand
707,089
749,835
772,869
827,046
Creditors: amounts falling due within one year
6
(86,181)
(121,775)
Net current assets
686,688
705,271
Total assets less current liabilities
695,496
715,579
Provisions for liabilities
(2,202)
(2,577)
Net assets
693,294
713,002
Capital and reserves
Called up share capital
6,500
6,500
Profit and loss reserves
686,794
706,502
Total equity
693,294
713,002
H & E EDWARDS (COLCHESTER) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 15 July 2025 and are signed on its behalf by:
Mr N E Felgate
Director
Company Registration No. 00745250
The notes on pages 4 to 7 form part of these financial statements
H & E EDWARDS (COLCHESTER) LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

2
Accounting policies
Company information

H & E Edwards (Colchester) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Warehouse, Portland Road, Colchester, Essex, CO2 7EQ.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

H & E EDWARDS (COLCHESTER) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
10% straight line
Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2.6
Retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

 

H & E EDWARDS (COLCHESTER) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
4
Tangible fixed assets
Land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
51,412
26,134
122,355
199,901
Additions
-
0
-
0
1,500
1,500
Disposals
-
0
(96)
(31,233)
(31,329)
At 31 December 2024
51,412
26,038
92,622
170,072
Depreciation and impairment
At 1 January 2024
51,412
20,977
117,204
189,593
Depreciation charged in the year
-
0
835
1,497
2,332
Eliminated in respect of disposals
-
0
(96)
(30,565)
(30,661)
At 31 December 2024
51,412
21,716
88,136
161,264
Carrying amount
At 31 December 2024
-
0
4,322
4,486
8,808
At 31 December 2023
-
0
5,157
5,151
10,308
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
48,698
60,102
Other debtors
14,334
5,234
63,032
65,336
H & E EDWARDS (COLCHESTER) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
44,542
61,954
Taxation and social security
22,125
35,290
Other creditors
19,514
24,531
86,181
121,775
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