Registration number:
Edmund Barton Limited
for the Year Ended 30 April 2020
Edmund Barton Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Edmund Barton Limited
Company Information
Directors |
Mr E B Fairhurst Mrs JN Jenner Mrs V Fairhurst |
Company secretary |
Mrs V Fairhurst |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Edmund Barton Limited
for the Year Ended 30 April 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Edmund Barton Limited for the year ended 30 April 2020 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Edmund Barton Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Edmund Barton Limited and state those matters that we have agreed to state to the Board of Directors of Edmund Barton Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edmund Barton Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Edmund Barton Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Edmund Barton Limited. You consider that Edmund Barton Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Edmund Barton Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
St Helens
Merseyside
WA10 1TY
Edmund Barton Limited
(Registration number: 00686521)
Balance Sheet as at 30 April 2020
Note |
2020 |
2019 |
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Fixed assets |
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Tangible assets |
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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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Provisions for liabilities |
( |
( |
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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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For the financial year ending 30 April 2020 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Edmund Barton Limited
(Registration number: 00686521)
Balance Sheet as at 30 April 2020
Approved and authorised by the
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Mr E B Fairhurst
Director
Edmund Barton Limited
Notes to the Financial Statements for the Year Ended 30 April 2020
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
United Kingdom
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.
Tangible assets
Tangible assets are stated in the statement of financial position 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:
Asset class |
Depreciation method and rate |
Plant & machinery |
15% reducing balance |
Motor vehicles |
25% reducing balance |
Fixtures & fittings |
15% reducing balance |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Edmund Barton Limited
Notes to the Financial Statements for the Year Ended 30 April 2020
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other property, plant and equipment |
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Cost or valuation |
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At 1 May 2019 |
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Additions |
- |
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- |
- |
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At 30 April 2020 |
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Depreciation |
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At 1 May 2019 |
- |
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Charge for the year |
- |
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At 30 April 2020 |
- |
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Carrying amount |
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At 30 April 2020 |
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At 30 April 2019 |
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Edmund Barton Limited
Notes to the Financial Statements for the Year Ended 30 April 2020
Total |
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Cost or valuation |
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At 1 May 2019 |
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Additions |
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At 30 April 2020 |
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Depreciation |
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At 1 May 2019 |
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Charge for the year |
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At 30 April 2020 |
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Carrying amount |
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At 30 April 2020 |
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At 30 April 2019 |
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Included within the net book value of land and buildings above is £11,075 (2019 - £11,075) in respect of freehold land and buildings.
Stocks |
2020 |
2019 |
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Other inventories |
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Debtors |
2020 |
2019 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Edmund Barton Limited
Notes to the Financial Statements for the Year Ended 30 April 2020
Note |
2020 |
2019 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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- |
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Taxation and social security |
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Other creditors |
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Edmund Barton Limited
Detailed Profit and Loss Account for the Year Ended 30 April 2020
2020 |
2019 |
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Turnover (analysed below) |
1,173,292 |
1,006,374 |
Cost of sales (analysed below) |
(729,527) |
(568,287) |
Gross profit |
443,765 |
438,087 |
Gross profit (%) |
37.82% |
43.53% |
Administrative expenses |
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Employment costs (analysed below) |
(320,865) |
(297,442) |
Establishment costs (analysed below) |
(37,976) |
(65,944) |
General administrative expenses (analysed below) |
(57,385) |
(84,017) |
Finance charges (analysed below) |
(273) |
(314) |
Depreciation costs (analysed below) |
(6,598) |
(7,811) |
(423,097) |
(455,528) |
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Operating profit/(loss) |
20,668 |
(17,441) |
Interest payable and similar expenses (analysed below) |
580 |
- |
Profit/(loss) before tax |
21,248 |
(17,441) |
Edmund Barton Limited
Detailed Profit and Loss Account for the Year Ended 30 April 2020
2020 |
2019 |
Turnover |
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Sale of goods, UK |
1,162,910 |
1,006,374 |
Commissions receivable |
67 |
- |
Grants and subsidies |
10,315 |
- |
1,173,292 |
1,006,374 |
Cost of sales |
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Opening stock |
112,117 |
- |
Purchases |
503,665 |
568,287 |
Closing stock |
(104,151) |
- |
Packaging material |
180,017 |
- |
Freight and carriage |
37,580 |
- |
Consumable tools |
299 |
- |
729,527 |
568,287 |
Employment costs |
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Wages and salaries |
(184,393) |
(165,465) |
Staff NIC (Employers) |
(14,953) |
(13,392) |
Directors remuneration |
(83,648) |
(83,513) |
Directors NIC (Employers) |
(8,220) |
(8,467) |
Staff pensions (Defined contribution) |
(18,106) |
(26,416) |
Private health insurance |
(9,533) |
- |
Commissions payable |
(2,012) |
(189) |
(320,865) |
(297,442) |
Establishment costs |
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Rent |
- |
(4,800) |
Rates |
(9,184) |
(13,277) |
Water rates |
(2,639) |
- |
Light, heat and power |
(12,596) |
(12,101) |
Insurance |
(8,346) |
(14,011) |
Repairs and renewals |
(5,211) |
(21,755) |
(37,976) |
(65,944) |
General administrative expenses |
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Telephone and fax |
(2,682) |
(3,717) |
IT costs |
(3,652) |
(5,162) |
Computer software and maintenance costs |
(541) |
(97) |
Printing, postage and stationery |
(1,392) |
(1,070) |
Trade subscriptions |
(5,399) |
(3,506) |
Charitable donations |
(1,100) |
(2,286) |
Hire of plant and machinery (Operating leases) |
(9,274) |
(8,701) |
Edmund Barton Limited
Detailed Profit and Loss Account for the Year Ended 30 April 2020
Sundry expenses |
(1,561) |
(3,202) |
Cleaning |
(1,054) |
(3,676) |
Motor expenses |
(2,155) |
(41,559) |
Petrol or diesel |
(10,486) |
- |
Motor insurance |
(5,347) |
- |
Motor repairs and renewals |
(3,718) |
- |
Travel and subsistence |
(523) |
(1,717) |
Advertising |
- |
(1,638) |
Promotional expenses |
(2,987) |
- |
Customer entertaining (disallowable for tax) |
(96) |
- |
Accountancy fees |
(3,700) |
(3,700) |
Legal and professional fees |
(1,718) |
(2,906) |
Bad debts written off |
- |
(1,080) |
(57,385) |
(84,017) |
Finance charges |
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Bank charges |
(273) |
(314) |
Depreciation costs |
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Depreciation of plant and machinery (owned) |
(1,659) |
(1,951) |
Depreciation of fixtures and fittings (owned) |
(777) |
(894) |
Depreciation of motor vehicles (owned) |
(4,162) |
(4,966) |
(6,598) |
(7,811) |
Interest payable and similar expenses |
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Bank interest payable |
5 |
- |
Foreign currency (gains)/losses |
(585) |
- |
(580) |
- |