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Company Registration No. 08122130 (England and Wales)
Adept-tec Limited Unaudited accounts for the year ended 30 June 2023
Adept-tec Limited Unaudited accounts Contents
Page
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Adept-tec Limited Company Information for the year ended 30 June 2023
Directors
D Miller S Bains-Miller
Company Number
08122130 (England and Wales)
Registered Office
Suite 2, 5 High Street Maidenhead Berkshire SL6 1JN United Kingdom
Accountants
AG4U Suite 2, 5 High Street Maidenhead Berkshire SL6 1JN
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Adept-tec Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
492 
1,279 
Current assets
Debtors
30,686 
28,069 
Cash at bank and in hand
331,032 
372,788 
361,718 
400,857 
Creditors: amounts falling due within one year
(101,540)
(139,651)
Net current assets
260,178 
261,206 
Net assets
260,670 
262,485 
Capital and reserves
Called up share capital
120 
120 
Capital redemption reserve
2 
2 
Profit and loss account
260,548 
262,363 
Shareholders' funds
260,670 
262,485 
For the year ending 30 June 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 12 March 2024 and were signed on its behalf by
D Miller Director Company Registration No. 08122130
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Adept-tec Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Adept-tec Limited is a private company, limited by shares, registered in England and Wales, registration number 08122130. The registered office is Suite 2, 5 High Street, Maidenhead, Berkshire, SL6 1JN, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
Between 33% - 50%
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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Adept-tec Limited Notes to the Accounts for the year ended 30 June 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
2,066 
At 30 June 2023
2,066 
Depreciation
At 1 July 2022
787 
Charge for the year
787 
At 30 June 2023
1,574 
Net book value
At 30 June 2023
492 
At 30 June 2022
1,279 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,333 
28,069 
Other debtors
6,353 
- 
30,686 
28,069 
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Adept-tec Limited Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,854 
5,038 
Trade creditors
735 
87,050 
Taxes and social security
86,000 
45,000 
Other creditors
323 
115 
Loans from directors
- 
362 
Accruals
7,628 
2,086 
101,540 
139,651 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Advances
- 
6,353 
- 
6,353 
- 
6,353 
- 
6,353 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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