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REGISTERED NUMBER: 08112841 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

RHODES EDWARDS ASSOCIATES LIMITED

RHODES EDWARDS ASSOCIATES LIMITED (REGISTERED NUMBER: 08112841)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RHODES EDWARDS ASSOCIATES LIMITED

Company Information
for the year ended 31 March 2025







DIRECTORS: P S Edwards
C Rhodes
C Burley
M R Rhodes





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 08112841 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

RHODES EDWARDS ASSOCIATES LIMITED (REGISTERED NUMBER: 08112841)

Balance Sheet
31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 70,071 58,465

CURRENT ASSETS
Debtors 5 724,425 450,651
Cash at bank and in hand 1,173,897 658,280
1,898,322 1,108,931
CREDITORS
Amounts falling due within one year 6 (782,910 ) (360,352 )
NET CURRENT ASSETS 1,115,412 748,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,185,483

807,044

PROVISIONS FOR LIABILITIES 7 (5,384 ) (1,684 )
NET ASSETS 1,180,099 805,360

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 1,179,998 805,259
1,180,099 805,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:



C Rhodes - Director


RHODES EDWARDS ASSOCIATES LIMITED (REGISTERED NUMBER: 08112841)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Rhodes Edwards Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable net of VAT.

Fee income is recognised on the date services are provided to clients such that risks and rewards of ownership have been transferred to them. Fee income relating to work completed but not invoiced by the balance sheet date is recognised based on the value of services invoiced post balance sheet date that relates to the reporting period.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Furniture and fixtures -20% on the reducing balance
Motor vehicles -25% on the reducing balance
Computer equipment -33% on the reducing balance

Financial instruments
Financial assets, liabilities, and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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

RHODES EDWARDS ASSOCIATES LIMITED (REGISTERED NUMBER: 08112841)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Impairment review
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 19 ) .

4. TANGIBLE FIXED ASSETS
Furniture
and Motor Computer
fixtures vehicles equipment Totals
£ £ £ £
COST
At 1 April 2024 8,901 71,440 29,256 109,597
Additions 706 16,683 13,217 30,606
At 31 March 2025 9,607 88,123 42,473 140,203
DEPRECIATION
At 1 April 2024 7,578 29,559 13,995 51,132
Charge for year 307 10,991 7,702 19,000
At 31 March 2025 7,885 40,550 21,697 70,132
NET BOOK VALUE
At 31 March 2025 1,722 47,573 20,776 70,071
At 31 March 2024 1,323 41,881 15,261 58,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 620,128 345,237
Other debtors 104,297 105,414
724,425 450,651

RHODES EDWARDS ASSOCIATES LIMITED (REGISTERED NUMBER: 08112841)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 15,263 9,074
Taxation and social security 554,788 259,065
Other creditors 212,859 92,213
782,910 360,352

7. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 5,384 1,684

Deferred tax
£
Balance at 1 April 2024 1,684
Accelerated capital allowances 3,700
Balance at 31 March 2025 5,384

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2024 2023
value: £ £

51 Ordinary A1 10p 5.10 5.10
49 Ordinary A2 10p 4.90 4.90
100 Ordinary B 10p 10.00 10.00
210 Ordinary C1 10p 21.00 26.10
200 Ordinary C2 10p 20.00 24.90
95 Ordinary C3 10p 9.50 5.00
95 Ordinary C4 10p 9.50 5.00
100 Ordinary C5 10p 10.00 9.50
100 Ordinary C6 10p 10.00 9.50
100.00 100.00