1 false false false false false false false false false true false false false false true true No description of principal activity 2022-02-18 Sage Accounts Production Advanced 2023 - FRS102_2023 5,509 5,509 1,377 1,377 4,132 xbrli:pure xbrli:shares iso4217:GBP 13924523 2022-02-18 2023-03-31 13924523 2023-03-31 13924523 2022-02-17 13924523 core:PlantMachinery 2022-02-18 2023-03-31 13924523 bus:Director1 2022-02-18 2023-03-31 13924523 core:PlantMachinery 2023-03-31 13924523 core:WithinOneYear 2023-03-31 13924523 core:ShareCapital 2023-03-31 13924523 core:RetainedEarningsAccumulatedLosses 2023-03-31 13924523 bus:Director1 2023-03-31 13924523 bus:SmallEntities 2022-02-18 2023-03-31 13924523 bus:AuditExemptWithAccountantsReport 2022-02-18 2023-03-31 13924523 bus:SmallCompaniesRegimeForAccounts 2022-02-18 2023-03-31 13924523 bus:PrivateLimitedCompanyLtd 2022-02-18 2023-03-31 13924523 bus:FullAccounts 2022-02-18 2023-03-31
COMPANY REGISTRATION NUMBER: 13924523
AD MECHANICS LIMITED
Filleted Unaudited Financial Statements
31 March 2023
AD MECHANICS LIMITED
Statement of Financial Position
31 March 2023
31 Mar 23
Note
£
Fixed assets
Tangible assets
5
4,132
Current assets
Debtors
6
1,964
Cash at bank and in hand
15,459
--------
17,423
Creditors: amounts falling due within one year
7
17,591
--------
Net current liabilities
168
-------
Total assets less current liabilities
3,964
-------
Net assets
3,964
-------
Capital and reserves
Called up share capital
100
Profit and loss account
3,864
-------
Shareholders funds
3,964
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the Period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
AD MECHANICS LIMITED
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 3 February 2024 , and are signed on behalf of the board by:
Ankush Bharatkumar Dodhia
Director
Company registration number: 13924523
AD MECHANICS LIMITED
Notes to the Financial Statements
Period from 18 February 2022 to 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Hermitage Way, Stanmore, England, HA7 2AX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the Period amounted to 1 .
5. Tangible assets
Plant and machinery
£
Cost
At 18 February 2022
Additions
5,509
-------
At 31 March 2023
5,509
-------
Depreciation
At 18 February 2022
Charge for the period
1,377
-------
At 31 March 2023
1,377
-------
Carrying amount
At 31 March 2023
4,132
-------
6. Debtors
31 Mar 23
£
Trade debtors
1,964
-------
7. Creditors: amounts falling due within one year
31 Mar 23
£
Other creditors
17,591
--------
8. Director's advances, credits and guarantees
During the Period the director entered into the following advances and credits with the company:
31 Mar 23
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Ankush Bharatkumar Dodhia
( 11,869)
( 11,869)
----
--------
--------
9. Related party transactions
The company was under the control of Ankush Bharatkumar Dodhia throughout the current year. Ankush Bharatkumar Dodhia is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.