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REGISTERED NUMBER: 03953143 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

A D D Enterprises Limited

A D D Enterprises Limited (Registered number: 03953143)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A D D Enterprises Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D J Bennett
D L Bennett
A Bennett





SECRETARY: Mrs J C Bennett





REGISTERED OFFICE: 607-613 Penistone Road
Sheffield
Yorkshire
S6 2GA





REGISTERED NUMBER: 03953143 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

A D D Enterprises Limited (Registered number: 03953143)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,757 2,344

CURRENT ASSETS
Debtors 5 77,841 84,933
Cash at bank 13,191 32,999
91,032 117,932
CREDITORS
Amounts falling due within one year 6 83,905 97,693
NET CURRENT ASSETS 7,127 20,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,884

22,583

CREDITORS
Amounts falling due after more than one year 7 (20,815 ) (28,815 )

PROVISIONS FOR LIABILITIES - (445 )
NET LIABILITIES (11,931 ) (6,677 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (11,941 ) (6,687 )
SHAREHOLDERS' FUNDS (11,931 ) (6,677 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:



D J Bennett - Director


A D D Enterprises Limited (Registered number: 03953143)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

A D D Enterprises 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.

At the balance sheet date the company had net liabilities of £11,931. The ability of the company to continue to trade is dependant upon the continuing support of the directors.

The directors are of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the accounts on a going concern basis.

The financial statements do not include any adjustments that would result from the withdrawal of support by the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


A D D Enterprises Limited (Registered number: 03953143)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 26,667
DEPRECIATION
At 1 March 2022 24,323
Charge for year 587
At 28 February 2023 24,910
NET BOOK VALUE
At 28 February 2023 1,757
At 28 February 2022 2,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 5,000 5,000
Other debtors 72,841 79,933
77,841 84,933

A D D Enterprises Limited (Registered number: 03953143)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 8,519 8,519
Trade creditors 1,596 120
Other creditors 73,790 89,054
83,905 97,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 20,815 28,815

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
D J Bennett
Balance outstanding at start of year - (42,774 )
Amounts advanced 19,078 42,774
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,078 -

The maximum amount owed by the director during the year was £19,078. The loan is interest free with no fixed repayment terms.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed an amount of £44,548 (2022 - £44,548) by D&L Entertainment Limited, a company in which one of the directors has a material interest.

At the balance sheet date the company was owed an amount of £7,001 (2022 - £33.820) by CL-Zone Limited, a company in which one of the directors has a material interest.