REGISTERED NUMBER: 05253250 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

GEORGE EDWARDS & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Edwards

C Edwards

SECRETARY:

C Edwards

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

05253250 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

HSBC Bank plc

17-19 Regent Street

Wrexham

LL11 1RN

FIXED ASSETS

Intangible assets

4

2

2

Tangible assets

5

363,906

298,821

363,908

298,823

CURRENT ASSETS

Stocks

6

5,914

4,026

Debtors

7

40,290

53,350

Cash at bank and in hand

264,590

270,509

310,794

327,885

CREDITORS

Amounts falling due within one year

8

212,592

219,170

NET CURRENT ASSETS

98,202

108,715

TOTAL ASSETS LESS CURRENT LIABILITIES

462,110

407,538

PROVISIONS FOR LIABILITIES

9

90,977

74,705

NET ASSETS

371,133

332,833

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

371,033

332,733

SHAREHOLDERS' FUNDS

371,133

332,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th August 2025 and were signed on its behalf by:

C Edwards - Director

1.	STATUTORY INFORMATION

George Edwards & Son 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets

Intangible assets are written off at the following rates: -

Patents and licences - 20% on cost

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

40,000

3,192

43,192

AMORTISATION

At 1st January 2024

and 31st December 2024

39,999

3,191

43,190

NET BOOK VALUE

At 31st December 2024

1

1

2

At 31st December 2023

1

1

2

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

795,162

10,009

805,171

Additions

138,000

602

138,602

Disposals

(20,890

)

-

(20,890

)

At 31st December 2024

912,272

10,611

922,883

DEPRECIATION

At 1st January 2024

499,669

6,681

506,350

Charge for year

64,397

401

64,798

Eliminated on disposal

(12,171

)

-

(12,171

)

At 31st December 2024

551,895

7,082

558,977

NET BOOK VALUE

At 31st December 2024

360,377

3,529

363,906

At 31st December 2023

295,493

3,328

298,821

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

5,914

4,026

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

28,035

40,055

Other debtors

73

-

VAT

9,065

10,480

Prepayments

3,117

2,815

40,290

53,350

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

2,970

1,564

Credit card control account

1,790

1,849

Tax

6,916

45,260

Social security and other taxes

1,849

1,735

Other creditors

-

135

Directors' current accounts

195,164

165,442

Accrued expenses

3,903

3,185

212,592

219,170

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

90,977

74,705

Deferred

tax

£

Balance at 1st January 2024

74,705

Movement in period due to -

Changes in tax allowances

16,272

Changes in tax rates

Balance at 31st December 2024

90,977

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1st January 2024

332,733

Profit for the year

78,300

Dividends

(40,000

)

At 31st December 2024

371,033