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REGISTERED NUMBER: 09398149 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ADS INDEPENDENT LIVING SOLUTIONS LIMITED

ADS INDEPENDENT LIVING SOLUTIONS LIMITED (REGISTERED NUMBER: 0939814






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADS INDEPENDENT LIVING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mrs S Adams
Mr D J Adams





REGISTERED OFFICE: 39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 09398149 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

ADS INDEPENDENT LIVING SOLUTIONS LIMITED (REGISTERED NUMBER: 0939814

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132,515 104,416
Tangible assets 5 591 743
133,106 105,159

CURRENT ASSETS
Debtors 6 2,192 -
Cash at bank 8,378 9,110
10,570 9,110
CREDITORS
Amounts falling due within one
year

7

182,627

140,940
NET CURRENT LIABILITIES (172,057 ) (131,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,951

)

(26,671

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (39,051 ) (26,771 )
(38,951 ) (26,671 )

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

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

ADS INDEPENDENT LIVING SOLUTIONS LIMITED (REGISTERED NUMBER: 0939814

BALANCE SHEET - continued
31ST 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 9th October 2023 and were signed on its behalf by:





Mr D J Adams - Director


ADS INDEPENDENT LIVING SOLUTIONS LIMITED (REGISTERED NUMBER: 0939814

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Ads Independent Living Solutions 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 financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, even though it had net current liabilities of £172,057 (2022 - £131,830) as at the balance sheet date.

The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

Intangible assets
Intangible assets are Development costs, where the development is not yet complete. Therefore no amortisation has been charged.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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.

ADS INDEPENDENT LIVING SOLUTIONS LIMITED (REGISTERED NUMBER: 0939814

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2022 104,416
Additions 28,099
At 31st March 2023 132,515
NET BOOK VALUE
At 31st March 2023 132,515
At 31st March 2022 104,416

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2022
and 31st March 2023 803
DEPRECIATION
At 1st April 2022 60
Charge for year 152
At 31st March 2023 212
NET BOOK VALUE
At 31st March 2023 591
At 31st March 2022 743

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 2,192 -

ADS INDEPENDENT LIVING SOLUTIONS LIMITED (REGISTERED NUMBER: 0939814

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT - 509
Other creditors 168,246 126,246
Directors' current accounts 13,301 10,685
Accruals and deferred income 1,080 3,500
182,627 140,940

8. RELATED PARTY DISCLOSURES

The director's current account balance of £13,301 (2022 - £10,685) has no fixed date for repayment, is repayable upon demand and is non-interest bearing.