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REGISTERED NUMBER: 04509718 (England and Wales)














Unaudited Financial Statements

for the Period

1 September 2021 to 31 December 2022

for

Adrian Francis Associates Ltd

Adrian Francis Associates Ltd (Registered number: 04509718)






Contents of the Financial Statements
for the Period 1 September 2021 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adrian Francis Associates Ltd

Company Information
for the Period 1 September 2021 to 31 December 2022







DIRECTOR: Mrs L Francis





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





BUSINESS ADDRESS: The Exchange
2 Malt Street
Knutsford
Cheshire
WA16 6ES





REGISTERED NUMBER: 04509718 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Adrian Francis Associates Ltd (Registered number: 04509718)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308,551 405,250

CURRENT ASSETS
Debtors 5 2,818,906 10,168,053
Cash at bank 17,803 28
2,836,709 10,168,081
CREDITORS
Amounts falling due within one year 6 2,780,571 2,955,931
NET CURRENT ASSETS 56,138 7,212,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,689

7,617,400

CREDITORS
Amounts falling due after more than one
year

7

(73,239

)

(66,885

)

PROVISIONS FOR LIABILITIES (10,932 ) (7,283 )
NET ASSETS 280,518 7,543,232

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 280,318 7,543,032
SHAREHOLDERS' FUNDS 280,518 7,543,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Adrian Francis Associates Ltd (Registered number: 04509718)

Balance Sheet - continued
31 December 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





Mrs L Francis - Director


Adrian Francis Associates Ltd (Registered number: 04509718)

Notes to the Financial Statements
for the Period 1 September 2021 to 31 December 2022

1. STATUTORY INFORMATION

Adrian Francis Associates 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the invoice value of services provided net of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - The period of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Adrian Francis Associates Ltd (Registered number: 04509718)

Notes to the Financial Statements - continued
for the Period 1 September 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The company's financial statements for the period ended 31 December 2022 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2021 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2021 213,164 19,199 303,128 46,037 581,528
Additions 43,640 51,824 - 28,861 124,325
At 31 December 2022 256,804 71,023 303,128 74,898 705,853
DEPRECIATION
At 1 September 2021 29,873 652 138,955 6,798 176,278
Charge for period 138,210 9,288 54,725 18,801 221,024
At 31 December 2022 168,083 9,940 193,680 25,599 397,302
NET BOOK VALUE
At 31 December 2022 88,721 61,083 109,448 49,299 308,551
At 31 August 2021 183,291 18,547 164,173 39,239 405,250

Adrian Francis Associates Ltd (Registered number: 04509718)

Notes to the Financial Statements - continued
for the Period 1 September 2021 to 31 December 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2021 259,628
Transfer to ownership (84,281 )
At 31 December 2022 175,347
DEPRECIATION
At 1 September 2021 121,485
Charge for period 26,625
Transfer to ownership (26,013 )
At 31 December 2022 122,097
NET BOOK VALUE
At 31 December 2022 53,250
At 31 August 2021 138,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings - 2,986,121
Other debtors 2,818,906 7,181,932
2,818,906 10,168,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,466 13,974
Hire purchase contracts (see note 8) 33,417 68,494
Amounts owed to group undertakings 1,571,229 -
Taxation and social security 979,026 617,672
Other creditors 186,433 2,255,791
2,780,571 2,955,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 25,000 38,333
Hire purchase contracts (see note 8) 48,239 28,552
73,239 66,885

Adrian Francis Associates Ltd (Registered number: 04509718)

Notes to the Financial Statements - continued
for the Period 1 September 2021 to 31 December 2022

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 33,417 68,494
Between one and five years 48,239 28,552
81,656 97,046

Non-cancellable operating leases
2022 2021
£    £   
Within one year - 21,472
Between one and five years - 8,000
- 29,472

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 81,656 97,046

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2022 and the year ended 31 August 2021:

2022 2021
£    £   
Mrs L Francis
Balance outstanding at start of period 945,673 1,450,076
Amounts advanced 1,512,125 854,597
Amounts repaid (327,942 ) (1,359,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,129,856 945,673

During the year, interest amounting to £36,069 has been charged to director's current account in respect of this overdrawn balance.

Adrian Francis Associates Ltd (Registered number: 04509718)

Notes to the Financial Statements - continued
for the Period 1 September 2021 to 31 December 2022

11. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence:

2022 2021
£ £
Amounts due from related party 321,486 5,345,659
Amounts due to related party 36,831 2,099,564

12. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is Adrian Francis Group Limited, a company incorporated and registered in England and Wales.

The company is a subsidiary of Adrian Francis (Holdings) Limited, a company incorporated and registered in England and Wales.

Registered Office Reedham House
31 King Street West
Manchester
M3 2PJ