R A Edwards & Partners Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

R A Edwards & Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03492561 . The registered office is Unit 2 Tilcon Avenue, Stafford, Staffordshire, ST18 0YJ.

2. Accounting Policies

2.1. Basis of Preparation of 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Constructions contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the cost of work completed. Where the outcome cannot be measured reliably, contract costs are recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Rent receivable

This represents income received from the company's sub-let properties, all of which are rented under operating leases.

Interest receivable

Interest income is recognised using the effective rate of interest method.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant & Machinery	Straight line over 5 years
Motor Vehicles	Straight line over 6 years
Fixtures & Fittings	Straight line over 3 years and 10 years
Computer Equipment	Straight line over 3 years and 10 years

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

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

2.5. Stocks and Work in Progress

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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R A Edwards & Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.9. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

2.10. Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated losses on future contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 35 (2024: 31)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 June 2024	737,722
Additions	234,809
Disposals	(104,893 )

As at 31 May 2025	867,638

...CONTINUED

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R A Edwards & Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

Depreciation
As at 1 June 2024	445,369
Provided during the period	84,744
Disposals	(60,282 )

As at 31 May 2025	469,831

Net Book Value
As at 31 May 2025	397,807

As at 1 June 2024	292,353

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	333,004	224,281

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	295,795	934,647
Prepayments and accrued income	33,324	41,708
Other debtors	-	12
Amounts recoverable on contract	594,505	427,876
Directors' loan accounts	7,258	1,899
Amounts owed by group undertakings	2,293,059	1,970,240
Amounts owed by participating interests	-	2,861

	3,223,941	3,379,243

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	129,151	83,749
Trade creditors	839,265	1,408,325
Bank loans and overdrafts	186,488	-
Corporation tax	30,133	27,426
Other taxes and social security	42,968	37,577
VAT	159,094	280,293
Other creditors	25,049	25,600
Accruals and deferred income	33,622	44,352
Directors' loan accounts	135,493	33,585
Amounts owed to participating interests	2,088	-

	1,583,351	1,940,907

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	152,087	113,664

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R A Edwards & Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Secured Creditors

Of the creditors, the following amounts are secured:

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	281,239		197,413

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	129,151	83,749
Later than one year and not later than five years	152,087	113,664

	281,238	197,413

	281,238	197,413

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Mr Simon Edwards	1,899	40,359	35,000	-	7,258

The above loan is provided at an interest rate of 2.25% (2024 2.25%) and is repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		397,807		292,353

			397,807		292,353
CURRENT ASSETS
Stocks		1,000		1,000
Debtors	5	3,223,941		3,379,243
Cash at bank and in hand		66		174,171

		3,225,007		3,554,414
Creditors: Amounts Falling Due Within One Year	6	(1,583,351 )		(1,940,907 )

NET CURRENT ASSETS (LIABILITIES)			1,641,656		1,613,507

TOTAL ASSETS LESS CURRENT LIABILITIES			2,039,463		1,905,860

Creditors: Amounts Falling Due After More Than One Year	7		(152,087 )		(113,664 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(99,458 )		(73,082 )

NET ASSETS			1,787,918		1,719,114

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,787,818		1,719,014

SHAREHOLDERS' FUNDS			1,787,918		1,719,114