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REGISTERED NUMBER: 07188005 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

EDWARD AUSTIN LIMITED

EDWARD AUSTIN LIMITED (REGISTERED NUMBER: 07188005)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

EDWARD AUSTIN LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2021







DIRECTORS: Mr A A Peat
Mr E Baumgartner





REGISTERED OFFICE: 4 Old Park Lane
London
W1K 1QW





REGISTERED NUMBER: 07188005 (England and Wales)





ACCOUNTANTS: Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH

EDWARD AUSTIN LIMITED (REGISTERED NUMBER: 07188005)

BALANCE SHEET
31 March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 10,000
Tangible assets 5 2,006 389
11,006 10,389

CURRENT ASSETS
Debtors 6 37,449 63,818
Cash at bank 696,487 652,261
733,936 716,079
CREDITORS
Amounts falling due within one year 7 101,104 142,698
NET CURRENT ASSETS 632,832 573,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,838

583,770

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 642,838 582,770
SHAREHOLDERS' FUNDS 643,838 583,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

EDWARD AUSTIN LIMITED (REGISTERED NUMBER: 07188005)

BALANCE SHEET - continued
31 March 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2021 and were signed on its behalf by:





Mr E Baumgartner - Director


EDWARD AUSTIN LIMITED (REGISTERED NUMBER: 07188005)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Edward Austin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EDWARD AUSTIN LIMITED (REGISTERED NUMBER: 07188005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2020
and 31 March 2021 20,000
AMORTISATION
At 1 April 2020 10,000
Amortisation for year 1,000
At 31 March 2021 11,000
NET BOOK VALUE
At 31 March 2021 9,000
At 31 March 2020 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2020 590 2,084 2,674
Additions - 1,996 1,996
At 31 March 2021 590 4,080 4,670
DEPRECIATION
At 1 April 2020 531 1,754 2,285
Charge for year 15 364 379
At 31 March 2021 546 2,118 2,664
NET BOOK VALUE
At 31 March 2021 44 1,962 2,006
At 31 March 2020 59 330 389

EDWARD AUSTIN LIMITED (REGISTERED NUMBER: 07188005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 37,449 63,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,812 4,876
Taxation and social security 39,021 62,347
Other creditors 60,271 75,475
101,104 142,698

EDWARD AUSTIN LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
EDWARD AUSTIN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2021 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without prior reference to ourselves.






Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH


30 June 2021