Edje Marketing Limited 31/12/2019 iXBRL

Edje Marketing Limited 31/12/2019 iXBRL

EDJE MARKETING LIMITED - Company Information

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31/12/2019 2019-12-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2019-01-01 Sage Accounts Production 20.0 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 05027048 2019-01-01 2019-12-31 05027048 2019-12-31 05027048 2018-12-31 05027048 2018-01-01 2018-12-31 05027048 2018-12-31 05027048 core:FurnitureFittingsToolsEquipment 2019-01-01 2019-12-31 05027048 bus:Director2 2019-01-01 2019-12-31 05027048 bus:Director1 2019-01-01 2019-12-31 05027048 core:FurnitureFittingsToolsEquipment 2018-12-31 05027048 core:FurnitureFittingsToolsEquipment 2019-12-31 05027048 core:WithinOneYear 2019-12-31 05027048 core:WithinOneYear 2018-12-31 05027048 core:ShareCapital 2019-12-31 05027048 core:ShareCapital 2018-12-31 05027048 core:RetainedEarningsAccumulatedLosses 2019-12-31 05027048 core:RetainedEarningsAccumulatedLosses 2018-12-31 05027048 core:FurnitureFittingsToolsEquipment 2018-12-31 05027048 bus:Director1 2018-12-31 05027048 bus:Director1 2019-12-31 05027048 bus:Director1 2017-12-31 05027048 bus:Director1 2018-12-31 05027048 bus:Director1 2018-01-01 2018-12-31 05027048 bus:SmallEntities 2019-01-01 2019-12-31 05027048 bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 05027048 bus:FullAccounts 2019-01-01 2019-12-31 05027048 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 05027048 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31
Company registration number: 05027048
Edje Marketing Limited
Unaudited filleted financial statements
31 December 2019
Edje Marketing Limited
Contents
Statement of financial position
Notes to the financial statements
Edje Marketing Limited
Statement of financial position
31 December 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 6 1,780 2,374
_______ _______
1,780 2,374
Current assets
Debtors 7 7,801 6,587
_______ _______
7,801 6,587
Creditors: amounts falling due
within one year 8 ( 9,387) ( 8,805)
_______ _______
Net current liabilities ( 1,586) ( 2,218)
_______ _______
Total assets less current liabilities 194 156
_______ _______
Net assets 194 156
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 94 56
_______ _______
Shareholders funds 194 156
_______ _______
For the year ending 31 December 2019 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 March 2020 , and are signed on behalf of the board by:
Mr Paul Fairhall
Director
Company registration number: 05027048
Edje Marketing Limited
Notes to the financial statements
Year ended 31 December 2019
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Hillbury, Kirkby Cum Osgodby, Market Rasen, Lincolnshire, LN8 3PE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Staff costs
5. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2019 and 31 December 2019 14,263 14,263
_______ _______
Depreciation
At 1 January 2019 11,889 11,889
Charge for the year 594 594
_______ _______
At 31 December 2019 12,483 12,483
_______ _______
Carrying amount
At 31 December 2019 1,780 1,780
_______ _______
At 31 December 2018 2,374 2,374
_______ _______
7. Debtors
2019 2018
£ £
Other debtors 7,801 6,587
_______ _______
8. Creditors: amounts falling due within one year
2019 2018
£ £
Bank loans and overdrafts 6,402 6,031
Trade creditors 714 420
Corporation tax 571 754
Other creditors 1,700 1,600
_______ _______
9,387 8,805
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mrs Emma Fairhall 6,207 9,160 ( 10,233) 5,134
_______ _______ _______ _______
2018
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mrs Emma Fairhall 6,171 4,251 ( 4,215) 6,207
_______ _______ _______ _______