Company Registration No. 12578326 (England and Wales)
ADTECHLAB LTD
Unaudited accounts
for the year ended 30 April 2023
ADTECHLAB LTD
Unaudited accounts
Contents
ADTECHLAB LTD
Company Information
for the year ended 30 April 2023
Directors
Liisbet Linn Langgaard Bickerton
Wayne Eric Bickerton
Company Number
12578326 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET
LONDON
WC1N 3AX
UNITED KINGDOM
Accountants
Genius Accountancy Ltd
27 Old Gloucester Street
London
WC1N 3AX
ADTECHLAB LTD
Statement of financial position
as at 30 April 2023
Tangible assets
41,765
33,130
Cash at bank and in hand
11,766
8,727
Creditors: amounts falling due within one year
(25,614)
(19,230)
Net current assets/(liabilities)
29,573
(10,080)
Called up share capital
100
100
Profit and loss account
71,238
22,950
Shareholders' funds
71,338
23,050
For the year ending 30 April 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2023 and were signed on its behalf by
Wayne Eric Bickerton
Director
Company Registration No. 12578326
ADTECHLAB LTD
Notes to the Accounts
for the year ended 30 April 2023
ADTECHLAB LTD is a private company, limited by shares, registered in England and Wales, registration number 12578326. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The accounts are presented in £ sterling.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2022
40,417
1,188
41,605
Additions
48,501
3,821
52,322
Disposals
(40,417)
-
(40,417)
At 30 April 2023
48,501
5,009
53,510
At 1 May 2022
8,083
392
8,475
Charge for the year
9,700
1,653
11,353
On disposals
(8,083)
-
(8,083)
At 30 April 2023
9,700
2,045
11,745
At 30 April 2023
38,801
2,964
41,765
At 30 April 2022
32,334
796
33,130
ADTECHLAB LTD
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
24,155
1,151
Loans from directors
-
18,079
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loans
(18,079)
71,701
10,435
43,187
(18,079)
71,701
10,435
43,187
The maximum amount outstanding during the year and due to company was £53,622. No interest was paid during the year on this balance.
Director's loan of £34,000 was repaid to company on 18th December 2023.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).