Ada & Ina Limited Filleted Accounts Cover
Ada & Ina Limited
Company No. 08028832
Information for Filing with The Registrar
31 March 2023
Ada & Ina Limited Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the year under review was supplier of natural fabrics, curtains and blinds.
Director
The Director who served at any time during the year was as follows:
S.S. Makkonen
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S.S. Makkonen
Director
31 March 2023
Ada & Ina Limited Balance Sheet Registrar
at
31 March 2023
Company No.
08028832
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
1424
Tangible assets
5
11
2425
Current assets
Stocks
6
165,900161,100
Debtors
7
3,76472,140
Cash at bank and in hand
1,528,6061,267,863
1,698,2701,501,103
Creditors: Amount falling due within one year
8
(145,140)
(209,362)
Net current assets
1,553,1301,291,741
Total assets less current liabilities
1,553,1321,292,166
Net assets
1,553,1321,292,166
Capital and reserves
Called up share capital
11
Profit and loss account
10
1,553,1311,292,165
Total equity
1,553,1321,292,166
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2023
And signed on its behalf by:
S.S. Makkonen
Director
31 March 2023
Ada & Ina Limited Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: 08028832
Its registered office is:
Unit 8 Cotton Road
Wincheap Industrial Estate
Canterbury
Kent
CT1 3RB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Straight Line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
1011
4
Intangible fixed assets
Develop-ment costs
Total
£
£
Cost
At 1 April 2022
4,2754,275
At 31 March 2023
4,2754,275
Amortisation and impairment
At 1 April 2022
3,8513,851
Charge for the year
423423
At 31 March 2023
4,2744,274
Net book values
At 31 March 2023
11
At 31 March 2022
424424
Development of Website
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2022
29,77229,772
At 31 March 2023
29,77229,772
Depreciation
At 1 April 2022
29,77129,771
At 31 March 2023
29,77129,771
Net book values
At 31 March 2023
11
At 31 March 2022
1
1
6
Stocks
2023
2022
£
£
Raw materials and consumables
165,900161,100
165,900161,100
7
Debtors
2023
2022
£
£
Trade debtors
3,76469,116
Other debtors
-3,024
3,76472,140
8
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
138,328
151,011
Other creditors
-3
Accruals and deferred income
6,81258,348
145,140209,362
9
Share Capital
1 share of £1 Ordinary fully paid
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
132,141
125,089
132,141
125,089
Dividends by type:
Equity dividends
132,141125,089
132,141
125,089
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