IRIS Accounts Production v23.3.1.45 00527081 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005270812022-09-30005270812023-09-30005270812022-10-012023-09-30005270812021-09-30005270812021-10-012022-09-30005270812022-09-3000527081ns10:Originalns15:EnglandWales2022-10-012023-09-3000527081ns14:PoundSterlingns10:Original2022-10-012023-09-3000527081ns10:Originalns10:Director12022-10-012023-09-3000527081ns10:Original2022-10-012023-09-3000527081ns10:Originalns10:Director22022-10-012023-09-3000527081ns10:Original2023-09-3000527081ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3000527081ns10:Originalns10:SmallEntities2022-10-012023-09-3000527081ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3000527081ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3000527081ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3000527081ns10:Originalns10:FullAccounts2022-10-012023-09-3000527081ns10:CompanySecretary1ns10:Original2022-10-012023-09-3000527081ns10:Originalns10:RegisteredOffice2022-10-012023-09-3000527081ns10:Original2022-09-3000527081ns10:Originalns5:CurrentFinancialInstruments2023-09-3000527081ns10:Originalns5:CurrentFinancialInstruments2022-09-3000527081ns5:ShareCapitalns10:Original2023-09-3000527081ns5:ShareCapitalns10:Original2022-09-3000527081ns10:Originalns5:RevaluationReserve2023-09-3000527081ns10:Originalns5:RevaluationReserve2022-09-3000527081ns10:Originalns5:CapitalRedemptionReserve2023-09-3000527081ns10:Originalns5:CapitalRedemptionReserve2022-09-3000527081ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3000527081ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3000527081ns10:Originalns5:MotorVehicles2022-10-012023-09-3000527081ns10:Original2021-10-012022-09-3000527081ns10:Originalns5:MotorVehicles2022-09-3000527081ns10:Originalns5:MotorVehicles2023-09-3000527081ns10:Originalns5:MotorVehicles2022-09-3000527081ns10:Original2022-09-3000527081ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3000527081ns10:Originalns5:RevaluationReserve2022-09-3000527081ns10:Originalns5:CapitalRedemptionReserve2022-09-3000527081ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-30
REGISTERED NUMBER: 00527081 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ADROIT GROUP LIMITED

ADROIT GROUP LIMITED (REGISTERED NUMBER: 00527081)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ADROIT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs H E Ryan
Mrs R Jones





SECRETARY: W D Kelly FCA





REGISTERED OFFICE: Suite 6 Centre Court
Vine Lane
Halesowen
West Midlands
B63 3EB





REGISTERED NUMBER: 00527081 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

ADROIT GROUP LIMITED (REGISTERED NUMBER: 00527081)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £'000 £'000 £'000 £'000
FIXED ASSETS
Tangible assets 4 - 1
Investment property 5 4,000 4,000
4,000 4,001

CURRENT ASSETS
Debtors 6 3 12
Prepayments and accrued income 16 7
Cash at bank 205 209
224 228
CREDITORS
Amounts falling due within one year 7 129 120
NET CURRENT ASSETS 95 108
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,095

4,109

CAPITAL AND RESERVES
Called up share capital 975 975
Fair value reserve 8 2,128 2,128
Capital redemption reserve 8 453 453
Retained earnings 8 539 553
SHAREHOLDERS' FUNDS 4,095 4,109

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.

ADROIT GROUP LIMITED (REGISTERED NUMBER: 00527081)

STATEMENT OF FINANCIAL POSITION - 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 12 February 2024 and were signed on its behalf by:




Mrs H E Ryan - Director



Mrs R Jones - Director


ADROIT GROUP LIMITED (REGISTERED NUMBER: 00527081)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Adroit Group 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents, service and other charges receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and motor vehicles - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Costs in respect of operating leases are charged to the profit and loss account on a straight line basis over the lease term.

ADROIT GROUP LIMITED (REGISTERED NUMBER: 00527081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Equipment
and motor
vehicles
£'000
COST
At 1 October 2022
and 30 September 2023 7
DEPRECIATION
At 1 October 2022 6
Charge for year 1
At 30 September 2023 7
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 1

5. INVESTMENT PROPERTY
Total
£'000
FAIR VALUE
At 1 October 2022
and 30 September 2023 4,000
NET BOOK VALUE
At 30 September 2023 4,000
At 30 September 2022 4,000

Fair value at 30 September 2023 is represented by:
£'000
Valuation in 2018 110
Valuation in 2019 1,240
Valuation in 2022 322
Cost 2,328
4,000

The investment properties have been valued on the following basis: The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arms length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.

ADROIT GROUP LIMITED (REGISTERED NUMBER: 00527081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£'000 £'000
Trade debtors 3 12

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£'000 £'000
Trade creditors 79 81
Taxation and social security 34 39
Other creditors 16 -
129 120

8. RESERVES
Fair Capital
Retained value redemption
earnings reserve reserve Totals
£'000 £'000 £'000 £'000

At 1 October 2022 553 2,128 453 3,134
Profit for the year 86 86
Dividends (100 ) (100 )
At 30 September 2023 539 2,128 453 3,120