Company No: 03906185 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Steven James Bews
	David Brian Huggin
	Michael Huggin
	Anne Lambert

SECRETARY

Anne Lambert

REGISTERED OFFICE	54 Silver Lonnen
	Newcastle Upon Tyne
	Tyne & Wear
	NE5 2HD
	United Kingdom

COMPANY NUMBER

03906185 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	169,077		153,748
		169,077		153,748
Current assets
Stocks		729,103		941,113
Debtors	5	342,844		353,186
Cash at bank and in hand		962,802		819,221
		2,034,749		2,113,520
Creditors: amounts falling due within one year	6	( 552,133)		( 657,068)
Net current assets		1,482,616		1,456,452
Total assets less current liabilities		1,651,693		1,610,200
Net assets		1,651,693		1,610,200
Capital and reserves
Called-up share capital		6		6
Profit and loss account		1,651,687		1,610,194
Total shareholders' funds		1,651,693		1,610,200

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 EDS (Newcastle) Limited (registered number: 03906185) were approved and authorised for issue by the Board of Directors on 23 October 2026. They were signed on its behalf by:

David Brian Huggin 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

EDS (Newcastle) Limited (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 54 Silver Lonnen, Newcastle Upon Tyne, Tyne & Wear, NE5 2HD, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of EDS (Newcastle) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

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, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	5 years straight line
	20 % 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		20

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	105,000		105,000
At 31 January 2026	105,000		105,000
Accumulated amortisation
At 01 February 2025	105,000		105,000
At 31 January 2026	105,000		105,000
Net book value
At 31 January 2026	0		0
At 31 January 2025	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	436,929		436,929
Additions	61,787		61,787
Disposals	( 34,725)		( 34,725)
At 31 January 2026	463,991		463,991
Accumulated depreciation
At 01 February 2025	283,181		283,181
Charge for the financial year	34,581		34,581
Disposals	( 22,848)		( 22,848)
At 31 January 2026	294,914		294,914
Net book value
At 31 January 2026	169,077		169,077
At 31 January 2025	153,748		153,748

5. Debtors

	2026		2025
	£		£
Trade debtors	302,347		297,036
Other debtors	40,497		56,150
	342,844		353,186

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	386,604		479,786
Taxation and social security	138,284		150,096
Other creditors	27,245		27,186
	552,133		657,068

7. Related party transactions

Transactions with the entity's directors

Included in other debtors is a loan to the directors amounting to £10,733 (2025 - £10,335). During the year, the directors were advanced £180,398 (2025 - £164,922) and repaid £180,000 (2025 - £180,000). This loan attracts interest at 2.5% above base, is unsecured and repayable on demand.