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REGISTERED NUMBER: 09103118 (England and Wales)













Financial Statements

for the Year Ended 31 March 2023

for

Adie Pepperdine Ltd

Adie Pepperdine Ltd (Registered number: 09103118)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Adie Pepperdine Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P S Krick
Mr M V Adie
Mrs L M Pepperdine
Ms C E S Kelsey
Mr G W Stenson
Ms A J Fussey



REGISTERED OFFICE: 3 The Landings
Burton Waters
LINCOLN
Lincolnshire
LN1 2TU



REGISTERED NUMBER: 09103118 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: NatWest Bank Plc
225 High Street
LINCOLN
Lincolnshire
LN2 1AZ

Adie Pepperdine Ltd (Registered number: 09103118)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 41,880 69,816
Property, plant and equipment 5 107,327 84,357
149,207 154,173

CURRENT ASSETS
Debtors 776,981 557,498
Cash at bank 594,939 562,195
1,371,920 1,119,693
CREDITORS
Amounts falling due within one year 427,225 309,539
NET CURRENT ASSETS 944,695 810,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,093,902

964,327

CREDITORS
Amounts falling due after more than
one year

(19,128

)

(42,417

)

PROVISIONS FOR LIABILITIES (20,855 ) (8,971 )
NET ASSETS 1,053,919 912,939

CAPITAL AND RESERVES
Called up share capital 102 100
Retained earnings 1,053,817 912,839
1,053,919 912,939

Adie Pepperdine Ltd (Registered number: 09103118)

Abridged Statement of Financial Position - continued
31 March 2023


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.

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 Statement of Financial Position for the year ended 31 March 2023 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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





Mr M V Adie - Director


Adie Pepperdine Ltd (Registered number: 09103118)

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

1. STATUTORY INFORMATION

Adie Pepperdine Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Estimates and judgements are continually evaluated by the directors and are based on historical experience and other relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.

Goodwill - useful life and impairment
Goodwill acquired on the acquisition of a business is amortised over the directors best estimate of the time it will have a clear effect on the business. In practice acquisitions are subsumed into the company's main trade so cash generating units cannot be meaningfully amortised to review goodwill for impairment. Instead, they are included with other fixed assets for an overall impairment review.

Turnover
Revenue 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 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Adie Pepperdine Ltd (Registered number: 09103118)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under finance leases are capitalised in the balance sheet and are depreciated over their estimated useful lives or the lease term, which ever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Adie Pepperdine Ltd (Registered number: 09103118)

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

2. ACCOUNTING POLICIES - continued

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 23 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 279,335
AMORTISATION
At 1 April 2022 209,519
Amortisation for year 27,936
At 31 March 2023 237,455
NET BOOK VALUE

At 31 March 2023 41,880
At 31 March 2022 69,816

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2022 179,335
Additions 58,161
Disposals (3,614 )
At 31 March 2023 233,882
DEPRECIATION
At 1 April 2022 94,978
Charge for year 34,623
Eliminated on disposal (3,046 )
At 31 March 2023 126,555
NET BOOK VALUE
At 31 March 2023 107,327
At 31 March 2022 84,357

Adie Pepperdine Ltd (Registered number: 09103118)

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

5. PROPERTY, PLANT AND EQUIPMENT - continued

Included within fixed assets is computer equipment on finance leases with a cost of £64,033 (2022 - £64,033) and accumulated depreciation of £44,360 (2022 - £31,553).

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 23,289 20,037
Between one and five years 19,128 42,417
42,417 62,454

Non-cancellable operating leases
2023 2022
£    £   
Within one year 22,000 22,000
Between one and five years 88,000 88,000
In more than five years 56,800 78,800
166,800 188,800

Finance leases relate to computer equipment and are secured by the lessors' title to this equipment.

7. DIRECTORS' ADVANCES AND CREDITS

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr M V Adie
Balance outstanding at start of year 24,586 -
Amounts advanced 208,066 310,218
Amounts repaid (104,390 ) (285,632 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 128,262 24,586

Adie Pepperdine Ltd (Registered number: 09103118)

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

7. DIRECTORS' ADVANCES AND CREDITS - continued

Mrs L M Pepperdine
Balance outstanding at start of year 21,326 -
Amounts advanced 200,102 305,993
Amounts repaid (104,390 ) (284,667 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 117,038 21,326

Interest has been charged on these overdrawn balances which are unsecured and repayable on demand.

8. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are loans from family members of two of the directors for a total of £150,000. These amounts are unsecured, interest free and repayable on demand.