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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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THE EDGE CORPORATION LIMITED |
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REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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THE EDGE CORPORATION LIMITED |
THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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THE EDGE CORPORATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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105 Eade Road |
OCC Building A |
2nd Floor, Unit 11A |
London |
N4 1TJ |
THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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The directors present their report with the financial statements of the company for the year ended 30 June 2019. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 July 2018 to the date of this report. |
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Other changes in directors holding office are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales | ( |
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GROSS PROFIT/(LOSS) |
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( |
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Administrative expenses | ( |
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OPERATING PROFIT/(LOSS) and |
PROFIT/(LOSS) BEFORE TAXATION |
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( |
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Tax on profit/(loss) |
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PROFIT/(LOSS) FOR THE FINANCIAL
YEAR |
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( |
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THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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BALANCE SHEET |
30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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 |
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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. |
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The financial statements were approved by the Board of Directors on
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THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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1. | STATUTORY INFORMATION |
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The Edge Corporation Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Judgements and key sources of estimation uncertainty |
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and |
assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.The |
estimates and associated assumptions are based on historical experience and other factors that are considered to be |
relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are |
recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the |
revision and future periods if the revision affects both current and future periods. |
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The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring |
disclosure beyond the accounting policies listed below. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Short leasehold - Straight line over the period of lease |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as |
either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a |
residual interest in the assets of the entity after deducting all of its liabilities. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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4. | TANGIBLE FIXED ASSETS |
Short |
leasehold |
property |
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COST |
At 1 July 2018 |
and 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Other creditors |
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Directors' current accounts | 104,645 | 92,306 |
Accrued expenses |
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THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | 1 | 200 | 200 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 July 2018 | ( |
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Profit for the year |
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At 30 June 2019 | ( |
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10. | RELATED PARTY DISCLOSURES |
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Other debtors includes an amount of £1,580 due from a company closely associated with the director. |
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Other than the amounts disclosed above, no transactions with related parties were undertaken such as are required to |
be disclosed under FRS 102 |