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

REGISTERED NUMBER: 12971204 (England and Wales)

Unaudited Financial Statements

for the Period 23 October 2020 to 31 October 2021

for

Edge Groundcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Patchett

Mrs K Patchett

REGISTERED OFFICE:

50 Stennels Avenue

Halesowen

West Midlands

B62 8QJ

REGISTERED NUMBER:

12971204 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Tangible assets

4

12,968

CURRENT ASSETS

Stocks

15,776

Debtors

5

9,010

Cash at bank

841

25,627

CREDITORS

Amounts falling due within one year

6

25,539

NET CURRENT ASSETS

88

TOTAL ASSETS LESS CURRENT LIABILITIES

13,056

PROVISIONS FOR LIABILITIES

8

2,464

NET ASSETS

10,592

CAPITAL AND RESERVES

Called up share capital

9

4

Retained earnings

10,588

SHAREHOLDERS' FUNDS

10,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2021 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 16 April 2022 and were signed on its behalf by:

Mrs K Patchett - Director

G R Patchett - Director

1.	STATUTORY INFORMATION

Edge Groundcare 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

Additions

796

16,495

17,291

At 31 October 2021

796

16,495

17,291

DEPRECIATION

Charge for period

199

4,124

4,323

At 31 October 2021

199

4,124

4,323

NET BOOK VALUE

At 31 October 2021

597

12,371

12,968

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,694

Other debtors

6,316

9,010

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

3,513

Taxation and social security

2,195

Other creditors

19,831

25,539

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

5,418

Between one and five years

10,837

16,255

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

2,464

Deferred

tax

£

Provided during period

2,464

Balance at 31 October 2021

2,464

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

4

Ordinary

£1

4

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.