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Company Registration No. 16092266 (England and Wales)
Open Edge Group Ltd Unaudited accounts for the period from 20 November 2024 to 30 April 2026
Open Edge Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Open Edge Group Ltd Company Information for the period from 20 November 2024 to 30 April 2026
Director
Danny Steven Farenden
Company Number
16092266 (England and Wales)
Registered Office
Unit 1 Southmill Trading Centre Bishop's Stortford CM23 3DY England
Accountants
Virtual FC 11 Sussex Avenue Romford RM3 0TA
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Open Edge Group Ltd Statement of financial position as at 30 April 2026
2026 
Notes
£ 
Fixed assets
Tangible assets
4
113,522 
Current assets
Debtors
5
218,319 
Cash at bank and in hand
5,217 
223,536 
Creditors: amounts falling due within one year
6
(186,385)
Net current assets
37,151 
Total assets less current liabilities
150,673 
Creditors: amounts falling due after more than one year
7
(69,201)
Net assets
81,472 
Capital and reserves
Called up share capital
1 
Profit and loss account
81,471 
Shareholders' funds
81,472 
For the period ending 30 April 2026 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2026 and were signed on its behalf by
Danny Steven Farenden Director Company Registration No. 16092266
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Open Edge Group Ltd Notes to the Accounts for the period from 20 November 2024 to 30 April 2026
1
Statutory information
Open Edge Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 16092266. The registered office is Unit 1 Southmill Trading Centre, Bishop's Stortford, CM23 3DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Open Edge Group Ltd Notes to the Accounts for the period from 20 November 2024 to 30 April 2026
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 20 November 2024
- 
- 
- 
- 
Additions
84,270 
35,099 
1,772 
121,141 
At 30 April 2026
84,270 
35,099 
1,772 
121,141 
Depreciation
Charge for the period
5,667 
1,897 
55 
7,619 
At 30 April 2026
5,667 
1,897 
55 
7,619 
Net book value
At 30 April 2026
78,603 
33,202 
1,717 
113,522 
2026 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
- Plant & machinery
13,708 
- Motor vehicles
74,453 
5
Debtors
2026 
£ 
Amounts falling due within one year
Trade debtors
101,814 
Accrued income and prepayments
30,000 
Other debtors
86,505 
218,319 
6
Creditors: amounts falling due within one year
2026 
£ 
Bank loans and overdrafts
24,000 
VAT
1,743 
Obligations under finance leases and hire purchase contracts
14,306 
Trade creditors
63,774 
Taxes and social security
45,001 
Accruals
37,561 
186,385 
7
Creditors: amounts falling due after more than one year
2026 
£ 
Obligations under finance leases and hire purchase contracts
69,201 
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Open Edge Group Ltd Notes to the Accounts for the period from 20 November 2024 to 30 April 2026
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Short Term Loan
- 
64,677 
- 
64,677 
- 
64,677 
- 
64,677 
9
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees 
Amount paid and liability incurred 
£ 
£ 
Danny Steven Farenden
Maximise Capital Ltd
45,120 
- 
45,120 
- 
During the year, the director provided a personal guarantee to the above finance provider in connection with a short term loan facility. No amounts were paid to the directors in respect of these guarantees. At the balance sheet date, the outstanding balances covered by these guarantees amounted to £24,000. No provision has been recognised in the financial statements as the director does not expect any loss to arise from this guarantee.
10
Average number of employees
During the period the average number of employees was 1.
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