Edenfield Enterprises Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11464022 (England and Wales)

Unaudited Financial Statements

for the Period 13 July 2018 to 31 July 2019

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

Tangible assets

5

73,842

73,843

CURRENT ASSETS

Stocks

6

8,727

Debtors

7

10,000

Cash at bank and in hand

12,601

31,328

CREDITORS

Amounts falling due within one year

8

190,336

NET CURRENT LIABILITIES

(159,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(85,165

)

PROVISIONS FOR LIABILITIES

14,030

NET LIABILITIES

(99,195

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

(99,295

)

SHAREHOLDERS' FUNDS

(99,195

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 and authorised for issue on 5 July 2021 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.

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 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 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.

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 period was 24 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

1

At 31 July 2019

1

NET BOOK VALUE

At 31 July 2019

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

Additions

80,066

9,821

140

90,027

At 31 July 2019

80,066

9,821

140

90,027

DEPRECIATION

Charge for period

15,464

703

18

16,185

At 31 July 2019

15,464

703

18

16,185

NET BOOK VALUE

At 31 July 2019

64,602

9,118

122

73,842

6.

STOCKS

£

Stocks

8,727

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

10,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other loans (see note 9)

15,000

Trade creditors

18,582

Social security and other taxes

3,056

VAT

27,114

Other creditors

1,141

Directors' loan accounts

122,793

Accrued expenses

2,650

190,336

9.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Other loans

15,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

11.

RESERVES

Retained

earnings

£

Deficit for the period

(99,295

)

At 31 July 2019

(99,295

)