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REGISTERED NUMBER: 08585493 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

ADECA LTD

ADECA LTD (REGISTERED NUMBER: 08585493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADECA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: A Doyle





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 08585493 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

ADECA LTD (REGISTERED NUMBER: 08585493)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,977 36,564

CURRENT ASSETS
Stocks 5 11,288 1,000
Debtors 6 16,387 11,665
Cash at bank and in hand 2,636 10,073
30,311 22,738
CREDITORS
Amounts falling due within one year 7 15,138 21,130
NET CURRENT ASSETS 15,173 1,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,150

38,172

CREDITORS
Amounts falling due after more than one
year

8

(44,815

)

(54,865

)

PROVISIONS FOR LIABILITIES 11 (189 ) -
NET LIABILITIES (854 ) (16,693 )

CAPITAL AND RESERVES
Called up share capital 12 5,000 5,000
Retained earnings (5,854 ) (21,693 )
SHAREHOLDERS' FUNDS (854 ) (16,693 )

ADECA LTD (REGISTERED NUMBER: 08585493)

BALANCE SHEET - continued
30TH JUNE 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th March 2024 and were signed by:





A Doyle - Director


ADECA LTD (REGISTERED NUMBER: 08585493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Adeca 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.

Though the Balance Sheet at the period end discloses an insolvent position, the director has confirmed his continued support to the company. It is believed that the company will be able to maintain positive cash flows in the foreseeable future. As a result, they have adopted the going concern basis of accounting.

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.
Software - 25% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account 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 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.

ADECA LTD (REGISTERED NUMBER: 08585493)

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

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Software machinery fittings
£    £    £   
COST
At 1st July 2022 7,899 10,606 2,535
Additions 585 - -
At 30th June 2023 8,484 10,606 2,535
DEPRECIATION
At 1st July 2022 6,246 5,023 1,184
Charge for year 1,664 556 134
At 30th June 2023 7,910 5,579 1,318
NET BOOK VALUE
At 30th June 2023 574 5,027 1,217
At 30th June 2022 1,653 5,583 1,351

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2022 28,995 7,988 58,023
Additions - 595 1,180
At 30th June 2023 28,995 8,583 59,203
DEPRECIATION
At 1st July 2022 1,933 7,073 21,459
Charge for year 5,412 1,001 8,767
At 30th June 2023 7,345 8,074 30,226
NET BOOK VALUE
At 30th June 2023 21,650 509 28,977
At 30th June 2022 27,062 915 36,564

Included in the net book value of tangible fixed assets held at 30th June 2023 was £21650 (2022 : £27062) in respect of assets held under finance leases and hire purchase contracts.

ADECA LTD (REGISTERED NUMBER: 08585493)

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

5. STOCKS
2023 2022
£    £   
Stocks 2,000 1,000
Work-in-progress 9,288 -
11,288 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,424 7,266
Other debtors 2,237 -
Bond 580 580
Directors' current accounts 8,146 3,819
16,387 11,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 4,272 3,783
Hire purchase contracts 4,695 4,344
Trade creditors 1,603 -
Tax 2 6,503
VAT 1,019 1,533
Accrued expenses 3,547 4,967
15,138 21,130

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 28,752 34,850
Hire purchase contracts 16,063 20,015
44,815 54,865

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,663 18,280

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,272 3,783

ADECA LTD (REGISTERED NUMBER: 08585493)

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

9. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 4,272 3,922

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,817 12,648

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,663 18,280

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 20,758 24,359

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 189 -

Deferred
tax
£   
Provided during year 189
Balance at 30th June 2023 189

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

13. ULTIMATE CONTROLLING PARTY

The controlling party is A Doyle.