Company registration number 2719420 (England and Wales)
ADM COMPUTER SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
ADM COMPUTER SERVICES LTD
COMPANY INFORMATION
Directors
Mr A C Bryant
Ms C M Wang
Ms L Sinclair
Mr M Tanner
Company number
2719420
Registered office
Chaucer Road
Canterbury
Kent
England
CT1 1HH
Accountants
MMP Limited
18/20 Canterbury Road
Whitstable
Kent
CT5 4EY
ADM COMPUTER SERVICES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ADM COMPUTER SERVICES LTD
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
541,183
575,080
Investments
5
52,362
64,627
593,545
639,707
Current assets
Stocks
161,215
64,078
Debtors
2,118,925
2,218,039
Cash at bank and in hand
1,799,434
1,694,549
4,079,574
3,976,666
Creditors: amounts falling due within one year
(2,171,248)
(2,034,021)
Net current assets
1,908,326
1,942,645
Total assets less current liabilities
2,501,871
2,582,352
Provisions for liabilities
(21,360)
(33,279)
Net assets
2,480,511
2,549,073
Capital and reserves
Called up share capital
5,085
5,085
Revaluation reserve
6
286,874
286,874
Profit and loss reserves
2,188,552
2,257,114
Total equity
2,480,511
2,549,073

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ADM COMPUTER SERVICES LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2023
30 April 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 November 2023 and are signed on its behalf by:
Mr A C Bryant
Director
Company Registration No. 2719420
ADM COMPUTER SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
1
Accounting policies
Company information

ADM Computer Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Chaucer Road, Canterbury, Kent, England, CT1 1HH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
The company ammortises the income from maintenance contracts over the primary period of the contract.
1.3
Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1995, was amortised evenly over its estimated useful life of ten years.
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Fixtures and fittings
15% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

ADM COMPUTER SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 79 (2022 - 70).

2023
2022
Number
Number
Total
79
70
ADM COMPUTER SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 5 -
3
Intangible fixed assets
Total
£
Cost
At 1 May 2022 and 30 April 2023
31,288
Amortisation and impairment
At 1 May 2022 and 30 April 2023
31,288
Carrying amount
At 30 April 2023
-
0
At 30 April 2022
-
0
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2022
460,000
158,892
112,106
269,340
1,000,338
Additions
-
0
17,219
4,043
30,173
51,435
At 30 April 2023
460,000
176,111
116,149
299,513
1,051,773
Depreciation and impairment
At 1 May 2022
138,000
91,633
28,025
167,600
425,258
Depreciation charged in the year
9,200
21,120
22,033
32,979
85,332
At 30 April 2023
147,200
112,753
50,058
200,579
510,590
Carrying amount
At 30 April 2023
312,800
63,358
66,091
98,934
541,183
At 30 April 2022
322,000
67,259
84,081
101,740
575,080
5
Fixed asset investments
2023
2022
£
£
Loans to group undertakings and participating interests
52,362
64,627
ADM COMPUTER SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Loans to associates
£
Cost or valuation
At 1 May 2022
64,627
Disposals
(12,265)
At 30 April 2023
52,362
Carrying amount
At 30 April 2023
52,362
At 30 April 2022
64,627
6
Revaluation reserve
2023
2022
£
£
At the beginning of the year
286,874
285,126
Deferred tax on revaluation of tangible assets
-
1,748
At the end of the year
286,874
286,874
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