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REGISTERED NUMBER: 12089095 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Ad Lib Publishers Limited

Ad Lib Publishers Limited (Registered number: 12089095)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Ad Lib Publishers Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: J D Rippon





REGISTERED OFFICE: 15 Church Road
London
SW13 9HE





REGISTERED NUMBER: 12089095 (England and Wales)






Ad Lib Publishers Limited (Registered number: 12089095)

Report of the Director
for the Year Ended 31 December 2021

The director presents his report with the financial statements of the company for the year ended 31 December 2021.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of book publishing.

DIRECTOR
J D Rippon held office during the whole of the period from 1 January 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J D Rippon - Director


8 July 2022

Ad Lib Publishers Limited (Registered number: 12089095)

Income Statement
for the Year Ended 31 December 2021

Year Ended Period
31.12.21 6.7.19 to 31.12.20
Notes £    £    £    £   

TURNOVER 438,022 207,291

Cost of sales 209,941 100,987
GROSS PROFIT 228,081 106,304

Distribution costs 40,397 22,415
Administrative expenses 246,963 84,667
287,360 107,082
OPERATING LOSS 4 (59,279 ) (778 )


Interest payable and similar
expenses

693

-
LOSS BEFORE TAXATION (59,972 ) (778 )

Tax on loss (10,765 ) -
LOSS FOR THE FINANCIAL YEAR (49,207 ) (778 )

Ad Lib Publishers Limited (Registered number: 12089095)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,566 500

CURRENT ASSETS
Stocks 80,560 45,427
Debtors 6 248,675 146,465
Cash at bank and in hand 91,634 55,418
420,869 247,310
CREDITORS
Amounts falling due within one year 7 111,743 60,388
NET CURRENT ASSETS 309,126 186,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,692

187,422

CREDITORS
Amounts falling due after more than
one year

8

34,167

43,334
NET ASSETS 278,525 144,088

CAPITAL AND RESERVES
Called up share capital 66 33
Share premium 328,444 144,833
Retained earnings (49,985 ) (778 )
278,525 144,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Ad Lib Publishers Limited (Registered number: 12089095)

Balance Sheet - continued
31 December 2021


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

The financial statements were approved by the director and authorised for issue on 8 July 2022 and were signed by:





J D Rippon - Director


Ad Lib Publishers Limited (Registered number: 12089095)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Ad Lib Publishers 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Ad Lib Publishers Limited (Registered number: 12089095)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - NIL ) .

4. OPERATING LOSS

The operating loss is stated after charging:

Period
6.7.19
Year Ended to
31.12.21 31.12.20
£    £   
Depreciation - owned assets 250 250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 750
Additions 3,316
At 31 December 2021 4,066
DEPRECIATION
At 1 January 2021 250
Charge for year 250
At 31 December 2021 500
NET BOOK VALUE
At 31 December 2021 3,566
At 31 December 2020 500

Ad Lib Publishers Limited (Registered number: 12089095)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 113,368 57,798
Author advances 102,324 64,750
Other debtors 32,983 23,917
248,675 146,465

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 10,000 6,666
Royalties payable 36,594 26,738
Trade creditors 37,902 26,984
Taxation and social security 2,867 -
Other creditors 24,380 -
111,743 60,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans 34,167 43,334