Edgworth Partners Ltd Accounts

EDGWORTH PARTNERS LTD - Company Information






Edgworth Partners Ltd

	Company No. 12107462
		Information for Filing with The Registrar
			Period Ended
		31 December 2020

at	31 December 2020			Period ended 31st December	Period ended 31st July
Company No.		12107462	Notes	2020	2020
				£	£
Fixed assets

	Tangible assets		4	2,433	1,223


				2,433	1,223
Current assets

	Debtors		5	1,517	1,397

	Cash at bank and in hand			143,517	111,241
				145,034	112,638
Creditors: Amount falling due within one year			6	(129,548)	(62,352)
Net current assets				15,486	50,286
Total assets less current liabilities				17,919	51,509




Net assets				17,919	51,509

Capital and reserves
	Called up share capital		8	100	100



	Profit and loss account		9	17,819	51,409

Total equity				17,919	51,509



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 31 December 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 24 February 2021
And signed on its behalf by:
D. Shutt
Director
25 February 2021

for the period ended 31 December 2020

General information

Its registered number is: 12107462

Its registered office is:

Office 8, No. 11 Riverside

Riverside Park

Farnham

Surrey

GU9 7UG

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover comprises revenue recognised by the company in respect of services provided during the year, adjusted for deferred income, exclusive of Value Added Tax. Revenue is recognised when the right to consideration arises in accordance with the stage of completion of the contract.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33.33% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees		31 December			31 July
			2020			2020
			Number			Number
		The average monthly number of employees (including directors) during the period:	2	3	2	1

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 August 2020	1,835	1,835
		Additions	1,695	1,695



		At 31 December 2020	3,530	3,530
		Depreciation
		At 1 August 2020	612	612
		Charge for the year	485	485



		At 31 December 2020	1,097	1,097
		Net book values
		At 31 December 2020	2,433	2,433
		At 31 July 2020	1,223	1,223

5	Debtors		31 December	31 July
			2020	2020
			£	£






		Other debtors	-	660
		Prepayments and accrued income	1,517	737
			1,517	1,397

6	Creditors:
		amounts falling due within one year	31 December	31 July
			2020	2020
			£	£




		Trade creditors	3,005	781

		Corporation tax	17,891	12,044
		Other taxes and social security	7,436	3,871
		Loans from directors	97,717	23,814
		Other creditors	2,434	15
		Accruals and deferred income	1,065	21,827
			129,548	62,352

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund & amounted to £89 (31st July 2020: Nil) in the year. Pension contributions of £209 (31st July 2020: Nil) were payable at the balance sheet date.

8	Share capital		31 December	31 July
			2020	2020
			£	£

		100 ordinary share of £1 each	100	100

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party transactions

At the Balance Sheet date the company owed £97,717 (31st July 2020 - £23,814) to the directors.