Company Registration No. 09226632 (England and Wales)
Edo San Limited
Unaudited accounts
for the year ended 30 September 2021
Edo San Limited
Statement of financial position
as at
30 September 2021
Tangible assets
7,400
10,758
Cash at bank and in hand
(5,412)
901
Creditors: amounts falling due within one year
(391,976)
(293,288)
Net current assets
57,960
113,740
Total assets less current liabilities
65,360
124,498
Creditors: amounts falling due after more than one year
(35,833)
(45,833)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
28,600
78,376
Shareholders' funds
28,601
78,377
For the year ending 30 September 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 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 24 February 2022 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 2021
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 2021
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 2021
61,324
At 30 September 2021
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 2020
6,860
13,433
20,293
At 30 September 2021
6,860
13,433
20,293
At 1 October 2020
-
9,535
9,535
Charge for the year
-
3,358
3,358
At 30 September 2021
-
12,893
12,893
At 30 September 2021
6,860
540
7,400
At 30 September 2020
6,860
3,898
10,758
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
269,501
197,439
Accrued income and prepayments
27,892
1,655
Other debtors
157,955
207,033
Edo San Limited
Notes to the Accounts
for the year ended 30 September 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
203,125
124,387
Trade creditors
35,110
36,809
Taxes and social security
125,842
127,581
Other creditors
27,899
4,511
8
Creditors: amounts falling due after more than one year
2021
2020
9
Operating lease commitments
2021
2020
At 30 September 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
26,400
26,400
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan repayable on demand
202,633
-
71,640
130,993
11
Average number of employees
During the year the average number of employees was 50 (2020: 35).