Edgebourn Building Contracts Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00800542 (England and Wales)

Financial Statements for the Year Ended 30 November 2023

for

Edgebourn Building Contracts Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Fellows

Mr M J Syner

REGISTERED OFFICE:

38 Stourbridge Road

Lye

Stourbridge

West Midlands

DY9 7DL

REGISTERED NUMBER:

00800542 (England and Wales)

FIXED ASSETS

Tangible assets

4

97,438

77,913

CURRENT ASSETS

Stocks

91,280

37,513

Debtors

218,995

154,618

Cash at bank and in hand

583,522

547,300

893,797

739,431

CREDITORS

Amounts falling due within one year

431,619

207,510

NET CURRENT ASSETS

462,178

531,921

TOTAL ASSETS LESS CURRENT LIABILITIES

559,616

609,834

PROVISIONS FOR LIABILITIES

6

24,360

14,947

NET ASSETS

535,256

594,887

CAPITAL AND RESERVES

Called up share capital

7

66

66

Capital redemption reserve

34

34

Retained earnings

535,156

594,787

SHAREHOLDERS' FUNDS

535,256

594,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 March 2024 and were signed on its behalf by:

Mr S J Fellows - Director

Mr M J Syner - Director

1.	STATUTORY INFORMATION

Edgebourn Building Contracts 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.

The financial statements have been prepared on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 14 (2022 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2022

258,284

Additions

60,960

Disposals

(37,588

)

At 30 November 2023

281,656

DEPRECIATION

At 1 December 2022

180,371

Charge for year

31,110

Eliminated on disposal

(27,263

)

At 30 November 2023

184,218

NET BOOK VALUE

At 30 November 2023

97,438

At 30 November 2022

77,913

5.	LEASING AGREEMENTS

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

30.11.23

30.11.22

£

£

Within one year

1,068

1,222

Between one and five years

3,381

306

4,449

1,528

6.	PROVISIONS FOR LIABILITIES

30.11.23

30.11.22

£

£

Deferred tax

Accelerated capital allowances

24,360

14,947

Deferred

tax

£

Balance at 1 December 2022

14,947

Charge to Income Statement during year

9,413

Balance at 30 November 2023

24,360

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.23

30.11.22

value:

£

£

66

ordinary

£1

66

66

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Edgebourn Management Limited.