Registered Number
:
09994142
|
For the year ended 28 February 2021
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2021
EDCC Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
EDCC Solutions Ltd
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
1,228
41
2
1,228
41
Trade and other receivables
|
10,800
10,594
3
12,745
Cash and cash equivalents
|
55,494
66,088
23,545
Trade and other payables
:
amounts falling due within one
|
year
|
(19,066)
(45,570)
4
4,479
20,518
Net current assets
Total assets less current liabilities
|
21,746
4,520
21,746
Net assets
4,520
1
1
21,745
4,519
21,746
4,520
Shareholders' funds
For the year ended 28 February 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 23 September 2021 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 28 February 2021
EDCC Solutions Ltd
Notes to the Financial Statements
Statutory Information
EDCC Solutions Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
09994142
.
|
36a Almeric Road
Clapham
London
SW11 1HL
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
|
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'',
including the disclosure and
|
presentation requirements of Section
1
A
,
and the Companies Act
2006
.
These financial statements have been
|
prepared under the historical cost convention
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Furniture and Fittings
Government grants
Government grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straightline basis over the period of the lease.
|
Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme for the benefit of its director. Contributions payable are charged to the income statement in the period in which they are payable.
|
Going concern
The director is satisfied that the business has not been adversely affected by the Covid
-
19
pandemic
.
The director
|
applied for a Bounce Back Loan to cover any uncertainty and to assist with cashflow
.
This loan has now been repaid
|
in full
.
The director considers that the company is in a position to meet its liabilities as they fall due for the
|
foreseeable future and that the going concern basis of accounting is appropriate
.
|
2 of 4
For the year ended 28 February 2021
EDCC Solutions Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
739
739
-
1,511
1,165
346
(739)
-
(739)
346
1,165
1,511
Provision for depreciation and impairment
|
698
698
-
Charge for year
283
227
56
(698)
(698)
-
283
227
56
290
938
1,228
-
41
41
3
.
Trade and other receivables
|
2020
2021
-
10,800
10,594
-
10,800
10,594
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
25,000
-
Taxation and social security
|
19,832
18,298
738
768
45,570
19,066
The company received a Bounce Back Loan of £25,000 repayable over 6 years with an APR of 2.5% per annum. The first 12 months interest has been met by the UK Government and the loan was repaid in full on 14 July 2021.
|
5
.
Guarantees and other financial commitments
|
At 28 February 2021 the company had total commitments under operating leases of £16,520 (2020 - £nil).
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2020 : 1).
3 of 4
For the year ended 28 February 2021
EDCC Solutions Ltd
Notes to the Financial Statements Continued
4 of 4