Registered number
12489208
Adesan Construction & Decoration Ltd
Unaudited Filleted Accounts
31 January 2023
Adesan Construction & Decoration Ltd
Registered number: 12489208
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,014 1,341
Current assets
Debtors 4 62,039 76,407
Cash at bank and in hand 7,195 746
69,234 77,153
Creditors: amounts falling due within one year 5 (20,783) (8,035)
Net current assets 48,451 69,118
Total assets less current liabilities 49,465 70,459
Creditors: amounts falling due after more than one year 6 (46,757) (50,000)
Net assets 2,708 20,459
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,608 20,359
Shareholder's funds 2,708 20,459
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ali Dede Senlik
Director
Approved by the board on 6 May 2023
Adesan Construction & Decoration Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 1,738
Additions 26
At 31 January 2023 1,764
Depreciation
At 1 February 2022 397
Charge for the year 353
At 31 January 2023 750
Net book value
At 31 January 2023 1,014
At 31 January 2022 1,341
4 Debtors 2023 2022
£ £
Trade debtors 25,131 76,407
Other debtors 36,908 -
62,039 76,407
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8 -
Trade creditors 873 (109)
Taxation and social security costs 13,869 4,943
Other creditors 6,033 3,201
20,783 8,035
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 46,757 50,000
7 Other information
Adesan Construction & Decoration Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 31 Woodside House
Woodside
London
SW19 7QN
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