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REGISTERED NUMBER: 04090750 (England and Wales)
























Financial Statements

for the Year Ended 31 March 2023

for

Ad-Tek Products Limited

Ad-Tek Products Limited (Registered number: 04090750)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ad-Tek Products Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M J Skeet
S P Gerhartz





SECRETARY: M J Skeet





REGISTERED OFFICE: 140 Rayne Road
Braintree
Essex
CM7 2QR





REGISTERED NUMBER: 04090750 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

Ad-Tek Products Limited (Registered number: 04090750)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,608 81,485

CURRENT ASSETS
Stocks 13,032 15,668
Debtors 5 171,975 168,832
Cash at bank and in hand 160,373 158,810
345,380 343,310
CREDITORS
Amounts falling due within one year 6 168,450 191,046
NET CURRENT ASSETS 176,930 152,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,538

233,749

CREDITORS
Amounts falling due after more than one
year

7

(28,333

)

(38,333

)

PROVISIONS FOR LIABILITIES (19,340 ) (21,502 )
NET ASSETS 207,865 173,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207,765 173,814
SHAREHOLDERS' FUNDS 207,865 173,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Ad-Tek Products Limited (Registered number: 04090750)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:





S P Gerhartz - Director


Ad-Tek Products Limited (Registered number: 04090750)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ad-Tek Products 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.
Plant and machinery etc - 25% on reducing balance and 20% 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2022 - 8 ) .

Ad-Tek Products Limited (Registered number: 04090750)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 195,263
Additions 17,913
At 31 March 2023 213,176
DEPRECIATION
At 1 April 2022 113,778
Charge for year 20,790
At 31 March 2023 134,568
NET BOOK VALUE
At 31 March 2023 78,608
At 31 March 2022 81,485

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 68,099 78,014
Other debtors 103,876 90,818
171,975 168,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 76,305 79,397
Taxation and social security 69,461 74,142
Other creditors 12,684 27,507
168,450 191,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,333 38,333

8. RELATED PARTY DISCLOSURES

The directors are also in partnership together trading as Ad-Tek Products. The company hires machinery from the partnership which also carries out work for the company. The value of work done and hire charges in the year made by the partnership to the limited company was £32,500 (2022: £19,000).

Shown within debtors is an in-account balance due from the partnership at the year end amounting to £84,622 (2022: £62,386). No interest is charged on this in-account balance.