Robert Edge Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01383872 (England and Wales)

ROBERT EDGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 SEPTEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G R Edge

REGISTERED OFFICE:

101 St. Leonards Drive

Chapel St. Leonards

Skegness

Lincolnshire

PE24 5RD

REGISTERED NUMBER:

01383872 (England and Wales)

ACCOUNTANTS:

Killicks Limited

35/37 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

FIXED ASSETS

Tangible assets

4

100,017

102,006

CURRENT ASSETS

Stocks

29,500

28,500

Debtors

5

2,242

3,616

Cash at bank and in hand

53,932

46,102

85,674

78,218

CREDITORS

Amounts falling due within one year

6

75,811

95,942

NET CURRENT ASSETS/(LIABILITIES)

9,863

(17,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109,880

84,282

PROVISIONS FOR LIABILITIES

2,600

2,800

NET ASSETS

107,280

81,482

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

106,280

80,482

SHAREHOLDERS' FUNDS

107,280

81,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 9 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 9 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 May 2020 and were signed by:

G R Edge - Director

1.	STATUTORY INFORMATION

Robert Edge 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.

Tangible fixed assets

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

Land and buildings

-

2% on reducing balance

Plant and machinery etc

-

at variable rates 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 8 (2018 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 10 September 2018

170,409

100,432

270,841

Additions

-

3,805

3,805

At 9 September 2019

170,409

104,237

274,646

DEPRECIATION

At 10 September 2018

84,650

84,185

168,835

Charge for year

1,715

4,079

5,794

At 9 September 2019

86,365

88,264

174,629

NET BOOK VALUE

At 9 September 2019

84,044

15,973

100,017

At 9 September 2018

85,759

16,247

102,006

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

2,242

3,616

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

3,846

2,500

Taxation and social security

23,131

20,833

Other creditors

48,834

72,609

75,811

95,942