REGISTERED NUMBER: 04643114 (England and Wales)

Edge Tool Manufacturing Company Limited

Unaudited Financial Statements

For The Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Brooks

J Beighton

SECRETARY:

A P Brooks

REGISTERED OFFICE:

Unit 6

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

REGISTERED NUMBER:

04643114 (England and Wales)

ACCOUNTANTS:

Nuvo Accountancy Limited

Unit 6, Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

264,294

275,642

264,294

275,642

CURRENT ASSETS

Stocks

50,183

74,590

Debtors

6

175,571

163,401

Cash at bank

-

5,215

225,754

243,206

CREDITORS

Amounts falling due within one year

7

455,064

467,766

NET CURRENT LIABILITIES

(229,310

)

(224,560

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,984

51,082

CREDITORS

Amounts falling due after more than one year

8

(6,384

)

(12,856

)

PROVISIONS FOR LIABILITIES

(15,924

)

(17,847

)

NET ASSETS

12,676

20,379

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,576

20,279

SHAREHOLDERS' FUNDS

12,676

20,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

A P Brooks - Director

1.	STATUTORY INFORMATION

Edge Tool Manufacturing Company 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Acquired goodwill is written off in equal instalments over its estimated useful economic life of 20 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.

Tangible fixed assets

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

Long leasehold

-

Straight line over the life of the lease

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 Income Statement, 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.

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 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

100,000

AMORTISATION

At 1 March 2024

and 28 February 2025

100,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 March 2024

and 28 February 2025

237,434

215,230

2,380

DEPRECIATION

At 1 March 2024

33,181

147,149

2,288

Charge for year

3,653

6,808

14

At 28 February 2025

36,834

153,957

2,302

NET BOOK VALUE

At 28 February 2025

200,600

61,273

78

At 29 February 2024

204,253

68,081

92

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

17,995

7,322

480,361

DEPRECIATION

At 1 March 2024

15,601

6,500

204,719

Charge for year

599

274

11,348

At 28 February 2025

16,200

6,774

216,067

NET BOOK VALUE

At 28 February 2025

1,795

548

264,294

At 29 February 2024

2,394

822

275,642

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

116,718

82,423

Other debtors

58,853

80,978

175,571

163,401

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,877

25,983

Trade creditors

202,832

232,034

Taxation and social security

73,554

51,874

Other creditors

171,801

157,875

455,064

467,766

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,384

12,856

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

582

-

Bank loans

12,679

38,839

13,261

38,839

The bank borrowings are secured by a legal mortgage over the company's leasehold property.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

A P Brooks

Balance outstanding at start of year

29,420

34,674

Amounts advanced

20,662

44,237

Amounts repaid

(43,861

)

(49,491

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,221

29,420

The above balance is a joint loan with Mrs J Beighton. The loan is interest free and has no specific repayment terms.