Edelan Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06055492 (England and Wales)

EDELAN LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R J Aylesbury

W M Aylesbury

SECRETARY:

W M Aylesbury

REGISTERED OFFICE:

10 Holmewood Crescent

Holme

Peterborough

Cambridgeshire

PE7 3PY

REGISTERED NUMBER:

06055492 (England and Wales)

ACCOUNTANTS:

Joseph Kahan Associates LLP

Chartered Accountants

923 Finchley Road

London

NW11 7PE

FIXED ASSETS

Tangible assets

4

161

459

CURRENT ASSETS

Debtors

5

-

1,336

Cash at bank

24,508

13,328

24,508

14,664

CREDITORS

Amounts falling due within one year

6

13,477

15,085

NET CURRENT ASSETS/(LIABILITIES)

11,031

(421

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,192

38

CAPITAL AND RESERVES

Called up share capital

7

4

4

Retained earnings

8

11,188

34

SHAREHOLDERS' FUNDS

11,192

38

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 November 2017 and were signed on its behalf by:

R J Aylesbury - Director

1.	STATUTORY INFORMATION

Edelan 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced value of services rendered, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33.33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

408

2,926

3,334

DEPRECIATION

At 1 May 2016

378

2,497

2,875

Charge for year

8

290

298

At 30 April 2017

386

2,787

3,173

NET BOOK VALUE

At 30 April 2017

22

139

161

At 30 April 2016

30

429

459

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

1,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

9,104

6,810

VAT

3,614

3,571

Directors' current accounts

9

3,954

Accrued expenses

750

750

13,477

15,085

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

400

Ordinary

£0.01

4

4

8.

RESERVES

Retained

earnings

£

At 1 May 2016

34

Profit for the year

36,304

Dividends

(25,150

)

At 30 April 2017

11,188

9.	ULTIMATE CONTROLLING PARTY