Edge Cottage Limited - Period Ending 2022-04-30

Edge Cottage Limited

Contents

Statement Of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 3

Edge Cottage Limited

(Registration number: 9260078)
Statement Of Financial Position as at 30 April 2022

	Note	2022 £	2021 £
Current assets
Debtors	3	1,568	1,758
Cash at bank and in hand		1,124	39,051
		2,692	40,809
Creditors: Amounts falling due within one year	4	(750)	(32,299)
Net assets		1,942	8,510
Capital and reserves
Called up share capital		200	200
Profit and loss account		1,742	8,310
Shareholders' funds		1,942	8,510

For the financial year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 12 January 2023
 

......................................... Mr K Pickersgill Director

Edge Cottage Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
One Express
1 George Leigh Street
Manchester
M4 5DL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Edge Cottage Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 
 

3

Debtors

	2022 £	2021 £
Prepayments	-	268
Other debtors	1,568	1,490
	1,568	1,758

4

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Trade creditors	-	960
Taxation and social security	-	2,095
Accruals and deferred income	750	29,244
	750	32,299

5	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).