Company Registration No. 09226632 (England and Wales)
Edo San Limited
Unaudited accounts
for the year ended 30 September 2022
Edo San Limited
Statement of financial position
as at 30 September 2022
Tangible assets
8,587
7,400
Cash at bank and in hand
-
(5,412)
Creditors: amounts falling due within one year
(447,220)
(391,976)
Net current assets
172,832
57,960
Total assets less current liabilities
181,419
65,360
Creditors: amounts falling due after more than one year
(75,625)
(35,833)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
105,224
28,600
Shareholders' funds
105,225
28,601
For the year ending 30 September 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2023 and were signed on its behalf by
Edward James Pockney
Director
Company Registration No. 09226632
Edo San Limited
Notes to the Accounts
for the year ended 30 September 2022
Edo San Limited is a private company, limited by shares, registered in England and Wales, registration number 09226632. The registered office is 31 River Mount, Walton-On-Thames, Surrey, KT12 2PR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
over 4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Edo San Limited
Notes to the Accounts
for the year ended 30 September 2022
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other
At 30 September 2022
61,324
At 30 September 2022
61,324
The franchise cost has been written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2021
6,860
13,433
20,293
At 30 September 2022
6,860
15,737
22,597
At 1 October 2021
-
12,893
12,893
Charge for the year
-
1,117
1,117
At 30 September 2022
-
14,010
14,010
At 30 September 2022
6,860
1,727
8,587
At 30 September 2021
6,860
540
7,400
Amounts falling due within one year
Trade debtors
306,817
269,501
Accrued income and prepayments
28,635
27,892
Other debtors
284,600
157,955
Edo San Limited
Notes to the Accounts
for the year ended 30 September 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
250,768
203,125
Trade creditors
34,865
35,110
Taxes and social security
132,452
125,842
Other creditors
29,135
27,899
8
Creditors: amounts falling due after more than one year
2022
2021
9
Operating lease commitments
2022
2021
At 30 September 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
26,400
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan repayable on demand
130,993
125,821
29,777
227,037
130,993
125,821
29,777
227,037
11
Transactions with related parties
During the year, the company paid £30,000 to Yamahata San Limited, a company in common control. At the balance sheet date, the company was owed £30,000 by Yamahata San Limited. This is interest free and payable on demand.
12
Average number of employees
During the year the average number of employees was 52 (2021: 50).