REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
|
FOR |
|
EDGE 4 SOLUTIONS LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
|
FOR |
|
EDGE 4 SOLUTIONS LIMITED |
EDGE 4 SOLUTIONS LIMITED (REGISTERED NUMBER: 08405935) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
EDGE 4 SOLUTIONS LIMITED |
|
COMPANY INFORMATION |
for the Year Ended 31 March 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
& Business Advisors |
Vantage House Euxton Lane |
Euxton |
Chorley |
Lancashire |
PR7 6TB |
EDGE 4 SOLUTIONS LIMITED (REGISTERED NUMBER: 08405935) |
|
BALANCE SHEET |
31 March 2020 |
|
31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
|
|
Tangible assets | 6 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 9 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
EDGE 4 SOLUTIONS LIMITED (REGISTERED NUMBER: 08405935) |
|
BALANCE SHEET - continued |
31 March 2020 |
|
|
|
|
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
signed on its behalf by: |
|
|
|
|
|
|
|
EDGE 4 SOLUTIONS LIMITED (REGISTERED NUMBER: 08405935) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2020 |
|
|
1. | STATUTORY INFORMATION |
|
Edge 4 Solutions Limited is a private company, limited by shares, registered in England and Wales. The registered |
office address can be found on the company information page. |
|
2. | STATEMENT OF COMPLIANCE |
|
The accounts have been prepared in accordance with the provisions of FRS102 Section 1A small entities. There |
were no material departures from that standard. |
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Revenue recognition |
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have |
transferred to them. |
|
Goodwill and intangible assets |
Goodwill is capitalised and is being amortised over its useful life of 3 years. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
|
Inventories |
Inventories have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in |
progress and finished goods, cost included a relevant proportion of overheads according to the stage of |
manufacture/completion. |
|
Financial instruments |
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans |
and directors' loans. |
|
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and |
subsequently at amortised cost using the effective interest method. |
|
Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted |
amount of the cash or other consideration expected to be paid or received. |
|
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective |
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the |
statement of income and retained earnings. |
|
EDGE 4 SOLUTIONS LIMITED (REGISTERED NUMBER: 08405935) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2020 |
|
|
3. | ACCOUNTING POLICIES - continued |
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 taxation is provided on the liability method to take account of timing differences between the treatment of |
certain items for accounts purposes and their treatment for tax purposes. |
|
Tax deferred or accelerated is accounted for in respect of all material timing differences. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2019 |
and 31 March 2020 |
|
AMORTISATION |
At 1 April 2019 |
and 31 March 2020 |
|
NET BOOK VALUE |
At 31 March 2020 |
|
At 31 March 2019 |
|
EDGE 4 SOLUTIONS LIMITED (REGISTERED NUMBER: 08405935) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2020 |
|
|
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
and 31 March 2020 |
|
|
|
DEPRECIATION |
At 1 April 2019 |
|
|
|
Charge for year |
|
|
|
At 31 March 2020 |
|
|
|
NET BOOK VALUE |
At 31 March 2020 |
|
|
|
At 31 March 2019 |
|
|
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Other creditors |
|
|
|
10. | RELATED PARTY DISCLOSURES |
|
During the year, total dividends of £38,600 (2019 - £38,600) were paid to the directors . |
EDGE 4 SOLUTIONS LIMITED (REGISTERED NUMBER: 08405935) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2020 |
|
|
11. | ULTIMATE CONTROLLING PARTY |
|
The company has no controlling party Mr S Hockney & Mr T Haskins both own equal amounts of shares. |