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REGISTERED NUMBER: 10186157 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

ADMACRO LTD

ADMACRO LTD (REGISTERED NUMBER: 10186157)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADMACRO LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr P C Katz





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10186157 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ADMACRO LTD (REGISTERED NUMBER: 10186157)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,720 151,186

CURRENT ASSETS
Debtors 5 470,397 485,875
Cash at bank 297,800 218,471
768,197 704,346
CREDITORS
Amounts falling due within one year 6 729,192 770,709
NET CURRENT ASSETS/(LIABILITIES) 39,005 (66,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,725

84,823

PROVISIONS FOR LIABILITIES 7 16,836 16,304
NET ASSETS 154,889 68,519

CAPITAL AND RESERVES
Called up share capital 8 25,002 25,002
Retained earnings 129,887 43,517
SHAREHOLDERS' FUNDS 154,889 68,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 13 February 2024 and were signed by:



Mr P C Katz - Director


ADMACRO LTD (REGISTERED NUMBER: 10186157)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Admacro Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

ADMACRO LTD (REGISTERED NUMBER: 10186157)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 65,374 30,503 78,990 53,015 227,882
Additions - 513 - - 513
At 31 March 2023 65,374 31,016 78,990 53,015 228,395
DEPRECIATION
At 1 April 2022 - 20,496 29,094 27,106 76,696
Charge for year - 2,523 9,979 6,477 18,979
At 31 March 2023 - 23,019 39,073 33,583 95,675
NET BOOK VALUE
At 31 March 2023 65,374 7,997 39,917 19,432 132,720
At 31 March 2022 65,374 10,007 49,896 25,909 151,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 160,698 131,970
Amounts owed by associates 249,948 108,338
Other debtors - 181,101
Prepayments and accrued income 59,751 64,466
470,397 485,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 760 518
Tax 24,855 72,582
Social security and other taxes 2,358 -
Pension 300 451
Other creditors 29,414 428
Directors' current accounts 624,305 622,780
Accruals and deferred income 7,200 73,950
Accrued expenses 40,000 -
729,192 770,709

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 16,836 16,304

ADMACRO LTD (REGISTERED NUMBER: 10186157)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 16,304
Provided during year 532
Balance at 31 March 2023 16,836

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
25,001 Ordinary £1 25,001 25,001
1 B Ordinary £1 1 1
25,002 25,002

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is an interest free loan of £624,305 (2022: £622,780), due and payable to the director.

As at the balance sheet date, included in debtors due within one year is £249,948 (2022: £108,338) due and payable from Mehaya Limited, and company under common control and directorship.