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REGISTERED NUMBER: 08717538 (England and Wales)















ADVANCED DECORATORS MIDLANDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






ADVANCED DECORATORS MIDLANDS LIMITED (REGISTERED NUMBER: 08717538)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED DECORATORS MIDLANDS LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2023







DIRECTORS: Mr M A Jones
Mr G N Sumnall





REGISTERED OFFICE: 33 Reynards Coppice
Great Hay Park
Telford
Shropshjre
TF7 4NJ





REGISTERED NUMBER: 08717538 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

ADVANCED DECORATORS MIDLANDS LIMITED (REGISTERED NUMBER: 08717538)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 3,404 4,538
3,404 6,538

CURRENT ASSETS
Stocks 1,225 210
Debtors 6 8,702 3,801
Cash at bank 28,575 34,864
38,502 38,875
CREDITORS
Amounts falling due within one year 7 31,586 36,876
NET CURRENT ASSETS 6,916 1,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,320

8,537

PROVISIONS FOR LIABILITIES - 862
NET ASSETS 10,320 7,675

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 10,318 7,673
SHAREHOLDERS' FUNDS 10,320 7,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ADVANCED DECORATORS MIDLANDS LIMITED (REGISTERED NUMBER: 08717538)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 8 February 2024 and were signed on its behalf by:





Mr M A Jones - Director


ADVANCED DECORATORS MIDLANDS LIMITED (REGISTERED NUMBER: 08717538)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Advanced Decorators Midlands 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & equipment - 25% reducing balance
Vans - 25% reducing balance

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

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.


ADVANCED DECORATORS MIDLANDS LIMITED (REGISTERED NUMBER: 08717538)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 20,000
AMORTISATION
At 1 October 2022 18,000
Amortisation for year 2,000
At 30 September 2023 20,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 2,000

5. TANGIBLE FIXED ASSETS
Tools &
equipment Vans Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 3,524 10,324 13,848
DEPRECIATION
At 1 October 2022 1,790 7,520 9,310
Charge for year 433 701 1,134
At 30 September 2023 2,223 8,221 10,444
NET BOOK VALUE
At 30 September 2023 1,301 2,103 3,404
At 30 September 2022 1,734 2,804 4,538

ADVANCED DECORATORS MIDLANDS LIMITED (REGISTERED NUMBER: 08717538)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,604 815
Other debtors 2,098 2,986
8,702 3,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 508 457
Taxation and social security 1,153 2,189
Other creditors 29,925 34,230
31,586 36,876

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2