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REGISTERED NUMBER: 02741308 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

ADECS LIMITED

ADECS LIMITED (REGISTERED NUMBER: 02741308)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADECS LIMITED

COMPANY INFORMATION
for the year ended 28 February 2022







DIRECTOR: A S Bhabra



SECRETARY: Ms M Chaplin



REGISTERED OFFICE: Coventry University Technology Park
Puma Way
Coventry
West Midlands
CV1 2TT



REGISTERED NUMBER: 02741308 (England and Wales)



BANKERS: National Westminster Bank
36 Earlsdon Street
Coventry
CV5 6ZZ

ADECS LIMITED (REGISTERED NUMBER: 02741308)

ABRIDGED BALANCE SHEET
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,900 9,963
3,900 9,963

CURRENT ASSETS
Stocks - 8,000
Debtors 138,993 131,260
Cash at bank and in hand 125,998 105,930
264,991 245,190
CREDITORS
Amounts falling due within one year 170,863 166,996
NET CURRENT ASSETS 94,128 78,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,028

88,157

CREDITORS
Amounts falling due after more than one
year

6

(40,895

)

(46,667

)

PROVISIONS FOR LIABILITIES (741 ) (1,730 )
NET ASSETS 56,392 39,760

CAPITAL AND RESERVES
Called up share capital 6,928 6,928
Capital redemption reserve 7,746 7,746
Retained earnings 41,718 25,086
SHAREHOLDERS' FUNDS 56,392 39,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ADECS LIMITED (REGISTERED NUMBER: 02741308)

ABRIDGED BALANCE SHEET - continued
28 February 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 19 July 2022 and were signed by:





A S Bhabra - Director


ADECS LIMITED (REGISTERED NUMBER: 02741308)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2022

1. STATUTORY INFORMATION

ADECS 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business, and franchise fees were amortised evenly over their estimated useful lives.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ADECS LIMITED (REGISTERED NUMBER: 02741308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021
and 28 February 2022 49,317
AMORTISATION
At 1 March 2021
and 28 February 2022 49,317
NET BOOK VALUE

At 28 February 2022 -
At 28 February 2021 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021 23,154
Additions 2,072
Disposals (17,114 )
At 28 February 2022 8,112
DEPRECIATION
At 1 March 2021 13,191
Charge for year 886
Eliminated on disposal (9,865 )
At 28 February 2022 4,212
NET BOOK VALUE
At 28 February 2022 3,900
At 28 February 2021 9,963

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Other loans more 5yrs instal 18,673 26,667

ADECS LIMITED (REGISTERED NUMBER: 02741308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 6,402 3,139
Between one and five years 6,402 -
12,804 3,139

8. PENSION

At the period end, the company had an outstanding pension liability of £2,728.65 (2021: £3,077).