Edo Homes Limited - Filleted accounts

Registered number

06422167

Edo Homes Limited

Unaudited Filleted Accounts

31 October 2024

Edo Homes Limited

Registered number:		06422167

Balance Sheet

as at 31 October 2024

	Notes		2024			2023
£				£
Fixed assets
Tangible assets	3		4,861			-

Current assets
Debtors	4	143,965			171,485
Cash at bank and in hand		(12,735)			51,759


		131,230			223,244

Creditors: amounts falling due within one year	5	(135,773)			(152,608)


Net current (liabilities)/assets			(4,543)			70,636


Net assets			318			70,636


Capital and reserves

Called up share capital			2			2
Profit and loss account			316			70,634


Shareholder's funds			318			70,636


The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Tyson
Director
Approved by the board on 19 September 2025

Edo Homes Limited

Notes to the Accounts

for the year ended 31 October 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Motor vehicles	over 3 years

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery		Vans		Total
£			£		£
	Cost

	At 1 November 2023	23,861		51,307		75,168
	Additions	-		7,291		7,291


	At 31 October 2024	23,861		58,598		82,459


	Depreciation

	At 1 November 2023	23,861		51,307		75,168
	Charge for the year	-		2,430		2,430


	At 31 October 2024	23,861		53,737		77,598


	Net book value

	At 31 October 2024	-		4,861		4,861


	At 31 October 2023	-		-		-



4	Debtors			2024		2023
£					£

	Trade debtors			134,093		168,735
	Other debtors			9,872		2,750


				143,965		171,485



5	Creditors: amounts falling due within one year			2024		2023
£					£

	Taxation and social security costs			125,769		125,224
	Other creditors			10,004		27,384


				135,773		152,608


6	Related party transactions

	The director owed the company £9,872 (2023 - the company owed the director £811) at the balance sheet date. This loan is interest-free and repayable on demand. It is included in other debtors in these accounts and has been fully repaid since the year-end.


7	Controlling party

	The company is controlled by Stephen Tyson, director and shareholder.


8	Other information

	Edo Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Flat 4
	Chepstow House
	16-20 Chepstow Street
	Manchester
	M1 5JF