EDEC LIMITED


Directors	COLLIN, Nathan Hunter
	MADDISON, Neil George


Registered Address	Edec Limited Unit 1b, The Sidings
	Tebay
	Penrith
	CA10 3XR


Registered Number	14803016 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		34,298		38,118
			34,298		38,118
Current assets
Debtors	4	271,077		3,368
Cash at bank and on hand		106,682		184,644
		377,759		188,012
Creditors amounts falling due within one year	5	(222,558)		(64,289)
Net current assets (liabilities)			155,201		123,723
Total assets less current liabilities			189,499		161,841
Creditors amounts falling due after one year	6		(120,613)		(159,379)
Net assets			68,886		2,462
Capital and reserves
Called up share capital			100		100
Profit and loss account			68,786		2,362
Shareholders' funds			68,886		2,462

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 September 2025, and are signed on its behalf by:

COLLIN, Nathan Hunter
Director
Registered Company No. 14803016

EDEC LIMITED

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

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or 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.

Turnover policy

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/or 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Vehicles	25
	Office Equipment	20

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	108	46,705	180	46,993
Additions	3,850	-	-	3,850
At 31 March 25	3,958	46,705	180	50,843
Depreciation and impairment
At 01 April 24	20	8,834	21	8,875
Charge for year	722	6,929	19	7,670
At 31 March 25	742	15,763	40	16,545
Net book value
At 31 March 25	3,216	30,942	140	34,298
At 31 March 24	88	37,871	159	38,118

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	99,052	2,790
Prepayments and accrued income	172,025	578
Total	271,077	3,368


	Included in other debtors is a deferred tax asset of £200 (2024 - £1,200).

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,867	-
Taxation and social security	41,343	-
Other creditors	38,765	60,076
Accrued liabilities and deferred income	139,583	4,213
Total	222,558	64,289


	Included within other creditors is a loan amounting to £38,765 (2024 - £37,505) secured by a third party.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	120,613	159,379
Total	120,613	159,379


	Included within other creditors is a loan amounting to £120,613 (2024 - £159,379) secured by a third party.

7.	Directors advances, credits and guarantees
	On 1 April 2024, a director owed the company £Nil. During the period this director was advanced a further £58,281 and repaid £8,852. As at 31 March 2025 this Director owed the Company £49,429. Interest of £471 was charged on this loan. The loan is unsecured and repayable upon demand. On 1 April 2024, a director owed the company £Nil. During the period this director was advanced a further £58,275 and repaid £8,852. As at 31 March 2025 this Director owed the Company £49,423. Interest of £465 was charged on this loan. The loan is unsecured and repayable upon demand.

Directors advances, credits and guarantees

On 1 April 2024, a director owed the company £Nil. During the period this director was advanced a further £58,281 and repaid £8,852. As at 31 March 2025 this Director owed the Company £49,429. Interest of £471 was charged on this loan. The loan is unsecured and repayable upon demand.

On 1 April 2024, a director owed the company £Nil. During the period this director was advanced a further £58,275 and repaid £8,852. As at 31 March 2025 this Director owed the Company £49,423. Interest of £465 was charged on this loan. The loan is unsecured and repayable upon demand.

8.	Related party transactions
	During the year the director had a loan account with the company. At the balance sheet date the company owed the director Nil (2024 - £14,750). This loan is unsecured, interest free and repayable upon demand. During the year the director had a loan account with the company. At the balance sheet date the company owed the director Nil (2024 - £7,821). This loan is unsecured, interest free and repayable upon demand.

Related party transactions

During the year the director had a loan account with the company. At the balance sheet date the company owed the director Nil (2024 - £14,750). This loan is unsecured, interest free and repayable upon demand.

During the year the director had a loan account with the company. At the balance sheet date the company owed the director Nil (2024 - £7,821). This loan is unsecured, interest free and repayable upon demand.