Company No: 06615735 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	4,564		8,075
		4,564		8,075
Current assets
Stocks	4	181,146		164,363
Debtors	5	152,556		164,251
Cash at bank and in hand		274		1,149
		333,976		329,763
Creditors: amounts falling due within one year	6	( 376,691)		( 347,382)
Net current liabilities		(42,715)		(17,619)
Total assets less current liabilities		(38,151)		(9,544)
Creditors: amounts falling due after more than one year	7	( 27,787)		( 38,214)
Provision for liabilities		( 766)		( 1,582)
Net liabilities		( 66,704)		( 49,340)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 66,705 )		( 49,341 )
Total shareholder's deficit		( 66,704)		( 49,340)

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Edwards Machinery Ltd (registered number: 06615735) were approved and authorised for issue by the Director on 30 September 2025. They were signed on its behalf by:

Mr R O Edwards Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Edwards Machinery Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40a Sturmi Way, Village Farm Industrial Estate, Pyle, Bridgend, CF33 6BZ, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Notwithstanding the net liability position of £66,704 (2023 - £49,340), the director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that, with the continued support of the director, the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements.

In the year ended 31 December 2024, the company incurred exceptional VAT interest and penalties which have created a net loss position for the year, which would otherwise have been profitable, and consequently increased net liabilities on the Balance Sheet. The director expects an improvement to the balance sheet in the year ended 31 December 2025.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial 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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	7		7

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	25,997		25,252		1,232		9,194		61,675
Additions	291		0		0		72		363
Disposals	( 7,500)		0		0		0		( 7,500)
At 31 December 2024	18,788		25,252		1,232		9,266		54,538
Accumulated depreciation
At 01 January 2024	22,448		22,009		1,232		7,911		53,600
Charge for the financial year	706		811		0		330		1,847
Disposals	( 5,473)		0		0		0		( 5,473)
At 31 December 2024	17,681		22,820		1,232		8,241		49,974
Net book value
At 31 December 2024	1,107		2,432		0		1,025		4,564
At 31 December 2023	3,549		3,243		0		1,283		8,075

4. Stocks

	2024		2023
	£		£
Stocks	181,146		164,363

5. Debtors

	2024		2023
	£		£
Trade debtors	96,244		100,283
Amounts owed by Group undertakings	55,769		55,769
Prepayments	543		0
VAT recoverable	0		8,199
	152,556		164,251

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	32,033		33,929
Trade creditors	252,404		220,558
Amounts owed to director	54,861		56,571
Accruals	5,423		6,483
Corporation tax	1,981		590
Other taxation and social security	18,491		13,932
Other creditors	11,498		15,319
	376,691		347,382

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	7,787		18,214
Other creditors	20,000		20,000
	27,787		38,214

There are no amounts included above in respect of which any security has been given by the small entity.