Edenbury Limited - Period Ending 2019-03-31
Edenbury Limited - Period Ending 2019-03-31
Year Ended
Registration number:
Edenbury Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Edenbury Limited
Company Information
Directors |
Mr J W Maker Mr G W Maker Mr L J Maker Mr D J Maker |
Company secretary |
Mr G W Maker |
Registered office |
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Accountants |
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Page 1 |
Edenbury Limited
Balance Sheet
31 March 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 2 |
Edenbury Limited
Balance Sheet
31 March 2019
For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 04947386
Page 3 |
Edenbury Limited
Notes to the Financial Statements
Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
West Golds Park
Jettymarsh Road
Newton Abbot
Devon
TQ12 2SL
These financial statements were authorised for issue by the
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.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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 represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Page 4 |
Edenbury Limited
Notes to the Financial Statements
Year Ended 31 March 2019
Asset class |
Depreciation method and rate |
Plant and machinery |
33% straight line |
Fixtures and fittings |
15% reducing balance |
Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
Page 5 |
Edenbury Limited
Notes to the Financial Statements
Year Ended 31 March 2019
Tangible assets |
Furniture, fittings and equipment |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 April 2018 |
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At 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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- |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
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- |
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At 31 March 2018 |
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- |
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Investments |
2019 |
2018 |
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Investments in associates |
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Associates |
£ |
Cost |
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At 1 April 2018 |
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Provision |
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Carrying amount |
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At 31 March 2019 |
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At 31 March 2018 |
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Page 6 |
Edenbury Limited
Notes to the Financial Statements
Year Ended 31 March 2019
Debtors |
2019 |
2018 |
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Trade debtors |
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Other debtors |
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Less amounts due after one year |
( |
( |
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Details of non-current trade and other debtors
£342,681 (2018 - £342,681) of loan to a company under the control of one of the directors is classified as non current. Interest is charged on the loan at commercial rates.
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Corporation tax |
6,004 |
10,341 |
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Social security and other taxes |
- |
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Other creditors |
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Accrued expenses |
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Creditors: amounts falling due after more than one year
Note |
2019 |
2018 |
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Due after one year |
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Loans and borrowings |
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Page 7 |
Edenbury Limited
Notes to the Financial Statements
Year Ended 31 March 2019
Loans and borrowings |
2019 |
2018 |
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Loans and borrowings due after one year |
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Bank borrowings |
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2019 |
2018 |
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Current loans and borrowings |
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Bank borrowings |
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Bank overdrafts |
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Other borrowings |
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Bank borrowings
Bank loans are secured on the company's assets.
Included in the loans and borrowings are the following amounts due after more than five years:
2019 |
2018 |
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Current loans and borrowings |
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After more than five years by instalments |
251,992 |
263,185 |
Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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75 |
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75 |
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25 |
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25 |
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Page 8 |