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REGISTERED NUMBER: 04171865 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2023

FOR

AD VALOREM ACCOUNTANCY SERVICES LIMITED

AD VALOREM ACCOUNTANCY SERVICES LIMITED (REGISTERED NUMBER: 04171865)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AD VALOREM ACCOUNTANCY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2023







DIRECTORS: N A Adams
N T Adams





SECRETARY: N T Adams





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 04171865 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

AD VALOREM ACCOUNTANCY SERVICES LIMITED (REGISTERED NUMBER: 04171865)

BALANCE SHEET
29 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 836,175 933,457
Tangible assets 5 147,987 177,904
984,162 1,111,361

CURRENT ASSETS
Stocks - 48,016
Debtors 6 1,309,539 926,206
Cash at bank and in hand 25,022 266,017
1,334,561 1,240,239
CREDITORS
Amounts falling due within one year 7 1,658,752 1,699,192
NET CURRENT LIABILITIES (324,191 ) (458,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,971

652,408

CREDITORS
Amounts falling due after more than one
year

8

416,138

651,882
NET ASSETS 243,833 526

CAPITAL AND RESERVES
Called up share capital 383 383
Capital redemption reserve 21 21
Retained earnings 243,429 122
243,833 526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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 VALOREM ACCOUNTANCY SERVICES LIMITED (REGISTERED NUMBER: 04171865)

BALANCE SHEET - continued
29 SEPTEMBER 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 14 November 2023 and were signed on its behalf by:




N A Adams - Director



N T Adams - Director


AD VALOREM ACCOUNTANCY SERVICES LIMITED (REGISTERED NUMBER: 04171865)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023


1. STATUTORY INFORMATION

Ad Valorem Accountancy Services 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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
Turnover 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 2019, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of three years.

CRM system is being amortised evenly over its estimated useful life of three years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Leasehold improvements - in accordance with the property
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


AD VALOREM ACCOUNTANCY SERVICES LIMITED (REGISTERED NUMBER: 04171865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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 59 (2022 - 62 ) .

4. INTANGIBLE FIXED ASSETS
Website CRM
Goodwill costs system Totals
£    £    £    £   
COST
At 30 September 2022
and 29 September 2023 1,264,465 17,507 230,987 1,512,959
AMORTISATION
At 30 September 2022 522,001 11,304 46,197 579,502
Amortisation for year 46,437 4,647 46,198 97,282
At 29 September 2023 568,438 15,951 92,395 676,784
NET BOOK VALUE
At 29 September 2023 696,027 1,556 138,592 836,175
At 29 September 2022 742,464 6,203 184,790 933,457

AD VALOREM ACCOUNTANCY SERVICES LIMITED (REGISTERED NUMBER: 04171865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements
to Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 30 September 2022 31,172 7,859 2,634
Additions - - 469
At 29 September 2023 31,172 7,859 3,103
DEPRECIATION
At 30 September 2022 11,513 2,423 1,735
Charge for year 3,130 786 771
At 29 September 2023 14,643 3,209 2,506
NET BOOK VALUE
At 29 September 2023 16,529 4,650 597
At 29 September 2022 19,659 5,436 899

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 September 2022 94,551 52,990 111,074 300,280
Additions 16,292 - 7,017 23,778
At 29 September 2023 110,843 52,990 118,091 324,058
DEPRECIATION
At 30 September 2022 33,499 13,438 59,768 122,376
Charge for year 10,846 9,888 28,274 53,695
At 29 September 2023 44,345 23,326 88,042 176,071
NET BOOK VALUE
At 29 September 2023 66,498 29,664 30,049 147,987
At 29 September 2022 61,052 39,552 51,306 177,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 604,786 426,799
Other debtors 704,753 499,407
1,309,539 926,206

AD VALOREM ACCOUNTANCY SERVICES LIMITED (REGISTERED NUMBER: 04171865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 68,206 68,206
Trade creditors 274,778 299,336
Taxation and social security 263,929 293,006
Other creditors 1,051,839 1,038,644
1,658,752 1,699,192

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 131,127 199,998
Amounts owed to group undertakings 148,423 -
Other creditors 136,588 451,884
416,138 651,882

9. PARENT COMPANY

The company's ultimate parent company is Ad Valorem Group Limited, a company incorporated in England & Wales. The registered office of Ad Valorem Group is 2 Manor Farm Court, Old Wolverton Road, Old Wolverton, Milton Keynes, Buckinghamshire, MK12 5NN.