Edgeway Homes (West Midlands) Limited - Accounts to registrar (filleted) - small 18.2

Edgeway Homes (West Midlands) Limited - Accounts to registrar (filleted) - small 18.2

EDGEWAY HOMES (WEST MIDLANDS) LIMITED - Company Information

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REGISTERED NUMBER: 07057232 (England and Wales)















EDGEWAY HOMES (WEST MIDLANDS) LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2019





Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX








EDGEWAY HOMES (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 07057232)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EDGEWAY HOMES (WEST MIDLANDS) LIMITED

Company Information
for the Year Ended 30 September 2019







DIRECTOR: Mr Richard Alan Edgington





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 07057232 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX
Page 1
EDGEWAY HOMES (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 07057232)

Balance Sheet
30 September 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Stocks 510,872 347,000
Debtors 4 15,514 5,546
Cash at bank and in hand 131 23,945
526,517 376,491
CREDITORS
Amounts falling due within one year 5 515,427 367,538
NET CURRENT ASSETS 11,090 8,953
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,090
8,953

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,990 8,853
SHAREHOLDERS' FUNDS 11,090 8,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 on 31 March 2020 and were signed by:





Mr Richard Alan Edgington - Director


The notes form part of these financial statements

Page 2
EDGEWAY HOMES (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 07057232)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Edgeway Homes (West Midlands) 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

Page 3 continued...
EDGEWAY HOMES (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 07057232)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 12,131 -
VAT 3,383 5,546
15,514 5,546

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 21,994 71,248
Trade creditors 18,263 47,526
Tax 501 6,910
Social security and other taxes (2,303 ) (1,007 )
Other creditors 11,949 10,636
Hardedge Developments Limited 42,900 69,900
Edgeway Developments Ltd - 5,272
Edgeway Development Limited
Retirement Scheme 331,780 -
Directors' current accounts 83,462 154,553
Accrued expenses 6,881 2,500
515,427 367,538

6. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank overdraft 21,994 -
Bank loans - 71,248
21,994 71,248

The bank borrowings are secured by a legal charge over development land. Any borrowings from the directors pension
fund are secured on development land.

Page 4