Edwards Decorators Limited

	Page
Accountants' Report	1
Abridged Balance Sheet	2—3
Notes to the Abridged Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Edwards Decorators Limited For The Year Ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Edwards Decorators Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Edwards Decorators Limited , as a body, in accordance with the terms of our engagement letter dated 01 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Edwards Decorators Limited and state those matters that we have agreed to state to the directors of Edwards Decorators Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edwards Decorators Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Edwards Decorators Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Edwards Decorators Limited . You consider that Edwards Decorators Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Edwards Decorators Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

15 May 2025

Feldon Accountancy

Chartered Certified Accountants

Rutland House

23-25 Friar Lane

Leicester

Leicestershire

LE1 5QQ

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Edwards Decorators Limited

Abridged Balance Sheet

As At 31 December 2024

Abridged Balance Sheet

Registered number: 09370776

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,254		16,708

			13,254		16,708
CURRENT ASSETS
Debtors		94,808		42,118
Cash at bank and in hand		42,305		84,893

		137,113		127,011
Creditors: Amounts Falling Due Within One Year		(121,104 )		(84,543 )

NET CURRENT ASSETS (LIABILITIES)			16,009		42,468

TOTAL ASSETS LESS CURRENT LIABILITIES			29,263		59,176

Creditors: Amounts Falling Due After More Than One Year			(4,321 )		(8,142 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,686 )		(3,342 )

NET ASSETS			22,256		47,692

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			22,156		47,592

SHAREHOLDERS' FUNDS			22,256		47,692

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Edwards Decorators Limited

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Luke Edwards

Director

15 May 2025

The notes on pages 4 to 6 form part of these financial statements.

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Edwards Decorators Limited

Notes to the Abridged Financial Statements

For The Year Ended 31 December 2024

Notes to the Abridged Financial Statements

1. General Information

Edwards Decorators Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09370776 . The registered office is Westwood House, 78 Loughborough Road, Quorn, Loughborough, LE12 8DX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Edwards Decorators Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 6)

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	22,948
Additions	898

As at 31 December 2024	23,846

Depreciation
As at 1 January 2024	6,240
Provided during the period	4,352

As at 31 December 2024	10,592

Net Book Value
As at 31 December 2024	13,254

As at 1 January 2024	16,708

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Edwards Decorators Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

5. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,998	2,566
Later than one year and not later than five years	4,321	8,142

	8,319	10,708

	8,319	10,708

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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