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REGISTERED NUMBER: 12737603 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Adcentric Ltd

Adcentric Ltd (Registered number: 12737603)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adcentric Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Miss V Voller
Mr P Coppen
Miss J Guarriello





REGISTERED OFFICE: Beta House Suite 2b,
Culpeper Close
Medway City Estate
Rochester
ME2 4HU





REGISTERED NUMBER: 12737603 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Adcentric Ltd (Registered number: 12737603)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 712 695

CURRENT ASSETS
Stocks 426 289
Debtors 5 16,980 26,958
Cash at bank 19,140 10,991
36,546 38,238
CREDITORS
Amounts falling due within one year 6 27,964 27,850
NET CURRENT ASSETS 8,582 10,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,294

11,083

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,194 10,983
9,294 11,083

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

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:




Mr P Coppen - Director



Miss J Guarriello - Director


Adcentric Ltd (Registered number: 12737603)

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

1. STATUTORY INFORMATION

Adcentric 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.

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.
Computer equipment - 25% 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.

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 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 989
Additions 234
At 31 July 2023 1,223
DEPRECIATION
At 1 August 2022 294
Charge for year 217
At 31 July 2023 511
NET BOOK VALUE
At 31 July 2023 712
At 31 July 2022 695

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 15,889 17,828
Other debtors 1,091 9,130
16,980 26,958

Adcentric Ltd (Registered number: 12737603)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 2,481 2,030
Taxation and social security 20,783 23,682
Other creditors 4,700 2,138
27,964 27,850

7. OTHER FINANCIAL COMMITMENTS

After the financial year end the company has other financial commitments of £42,269 relating to an office lease