The Edit Store Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02360507 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

The Edit Store Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H G Queiro

REGISTERED OFFICE:

8 Bayley Street

London

WC1B 3HB

REGISTERED NUMBER:

02360507 (England and Wales)

ACCOUNTANTS:

Oppenheims Chartered Accountants

Statutory Auditors

P O Box 4991

Maidenhead

Berkshire

SL60 1NN

CURRENT ASSETS

Debtors

5

222,596

135,585

Prepayments and accrued income

43,416

55,176

Cash at bank

231,305

252,578

497,317

443,339

CREDITORS

Amounts falling due within one year

6

220,991

294,707

NET CURRENT ASSETS

276,326

148,632

TOTAL ASSETS LESS CURRENT LIABILITIES

276,326

148,632

CAPITAL AND RESERVES

Called up share capital

90

90

Share premium

37,270

37,270

Retained earnings

238,966

111,272

SHAREHOLDERS' FUNDS

276,326

148,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 2 September 2021 and were signed by:

H G Queiro - Director

1.	STATUTORY INFORMATION

The Edit Store 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.

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.

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 17 (2020 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

and 30 June 2021

39,183

DEPRECIATION

At 1 July 2020

and 30 June 2021

39,183

NET BOOK VALUE

At 30 June 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

184,203

121,222

Amounts owed by group undertakings

28,371

-

Other debtors

10,022

14,363

222,596

135,585

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade creditors

52,101

103,078

Amounts owed to group undertakings

-

2,499

Taxation and social security

68,448

104,020

Other creditors

100,442

85,110

220,991

294,707