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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 |
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THE EDGE CORPORATION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 |
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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 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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THE EDGE CORPORATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2018 |
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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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BALANCE SHEET |
30 JUNE 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 | 9 |
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Retained earnings | 10 | ( |
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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 |
(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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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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 2018 |
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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 |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small |
Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and |
Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the |
historical cost convention. |
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The previous financial statements were prepared in accordance with UK GAAP, and the date of transition to |
FRS 102 Section 1A is 1 January 2016. |
On transition, management have considered the effect of any changes in accounting treatment from UK GAAP |
to FRS 102 for the company but do not consider there to be any material changes that would warrant |
restatement of the comparative financials. |
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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 |
THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
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3. | ACCOUNTING POLICIES - continued |
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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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Basic Financial Instruments |
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Trade and other debtors |
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Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. |
Subsequent to initial recognition, trade and other debtors that are classified as receivable within one year are |
measured at the undiscounted amount of the cash or other consideration expected to be received net of |
impairment. If the arrangement constitutes a financial transaction, for example, if payment is deferred beyond |
normal business terms, then they are measured at the present value of the future payments discounted at a |
market rate for a similar debt instrument. |
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Trade and other creditors |
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Trade and other creditors are recognised initially at transaction price less attributable transaction costs. |
Subsequent to initial recognition trade and other creditors that are classified as payable within one year are |
measured at the undiscounted amount of the cash or the other consideration expected to be paid. If the |
arrangement consitutes amount of the cash or other consideration expected to be paid. If the arrangement |
constitutes a financial transaction, for example, if payment is deferred beyond normal business terms, then they |
are measured at the present value of the future payments discounted at a market rate for a similar debt |
instrument. |
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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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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. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - NIL). |
THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
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5. | TANGIBLE FIXED ASSETS |
Short |
leasehold |
£ |
COST |
At 1 July 2017 |
and 30 June 2018 |
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DEPRECIATION |
At 1 July 2017 |
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Charge for year |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 June 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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Directors' current accounts | 92,306 | 91,393 |
Accrued expenses |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2018 | 2017 |
£ | £ |
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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THE EDGE CORPORATION LIMITED (REGISTERED NUMBER: 04461800) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | 1 | 200 | 200 |
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10. | RESERVES |
Retained |
earnings |
£ |
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At 1 July 2017 | ( |
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Profit for the year |
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At 30 June 2018 | ( |
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11. | RELATED PARTY DISCLOSURES |
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The company was controlled throughout the current year by the director, Ms Rachel Cohen, by virtue of her |
ownership of the entire issued share capital. |