Edenfield Enterprises Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11464022 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2021

for

Edenfield Enterprises Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D Palmer

REGISTERED OFFICE:

The Lion Halifax Road

Ripponden

Sowerby Bridge

HX6 4BQ

REGISTERED NUMBER:

11464022 (England and Wales)

ACCOUNTANTS:

Versatile Accountancy Services Ltd

The Old Printworks

65 Church Street

Littleborough

Lancashire

OL15 8AB

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

51,283

61,390

51,284

61,391

CURRENT ASSETS

Stocks

6

5,810

9,792

Debtors

7

10,000

10,000

Cash at bank and in hand

11,438

8,519

27,248

28,311

CREDITORS

Amounts falling due within one year

8

298,366

262,016

NET CURRENT LIABILITIES

(271,118

)

(233,705

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(219,834

)

(172,314

)

CREDITORS

Amounts falling due after more than one year

9

(59,164

)

(49,000

)

PROVISIONS FOR LIABILITIES

11

(9,744

)

(11,664

)

NET LIABILITIES

(288,742

)

(232,978

)

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

(288,842

)

(233,078

)

SHAREHOLDERS' FUNDS

(288,742

)

(232,978

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 8 November 2022 and were signed by:

D Palmer - Director

1.	STATUTORY INFORMATION

Edenfield Enterprises Ltd 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery

-

20% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2020 - 17 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2020

and 31 July 2021

1

NET BOOK VALUE

At 31 July 2021

1

At 31 July 2020

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2020

81,770

9,821

140

91,731

Additions

1,130

522

-

1,652

At 31 July 2021

82,900

10,343

140

93,383

DEPRECIATION

At 1 August 2020

28,234

2,071

36

30,341

Charge for year

10,522

1,221

16

11,759

At 31 July 2021

38,756

3,292

52

42,100

NET BOOK VALUE

At 31 July 2021

44,144

7,051

88

51,283

At 31 July 2020

53,536

7,750

104

61,390

6.

STOCKS

31.7.21

31.7.20

£

£

Stocks

5,810

9,792

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Other debtors

10,000

10,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade creditors

13,241

14,231

Social security and other taxes

1,525

868

VAT

46,910

36,064

Other creditors

3,478

1,060

Directors' loan accounts

219,277

205,283

Accrued expenses

13,935

4,510

298,366

262,016

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Other loans (see note 10)

59,164

49,000

10.

LOANS

An analysis of the maturity of loans is given below:

31.7.21

31.7.20

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

59,164

49,000

11.	PROVISIONS FOR LIABILITIES

31.7.21

31.7.20

£

£

Deferred tax

9,744

11,664

Deferred

tax

£

Balance at 1 August 2020

11,664

Provided during year

(1,920

)

Balance at 31 July 2021

9,744

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 August 2020

(233,078

)

Deficit for the year

(55,764

)

At 31 July 2021

(288,842

)