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REGISTERED NUMBER: 03893056















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ADDER DIGITAL TECHNOLOGY LIMITED

ADDER DIGITAL TECHNOLOGY LIMITED (REGISTERED NUMBER: 03893056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADDER DIGITAL TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: I A Gilroy
D Wallace





SECRETARY: I A Gilroy





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 03893056





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

ADDER DIGITAL TECHNOLOGY LIMITED (REGISTERED NUMBER: 03893056)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,624 28,873

CURRENT ASSETS
Stocks 27,908 90,189
Debtors 5 4,922 9,109
Cash at bank and in hand 25,841 13,580
58,671 112,878
CREDITORS
Amounts falling due within one year 6 62,724 107,927
NET CURRENT (LIABILITIES)/ASSETS (4,053 ) 4,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,571

33,824

CAPITAL AND RESERVES
Called up share capital 66 66
Retained earnings 7 17,505 33,758
SHAREHOLDERS' FUNDS 17,571 33,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ADDER DIGITAL TECHNOLOGY LIMITED (REGISTERED NUMBER: 03893056)

BALANCE SHEET - continued
31 JANUARY 2024


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 11 April 2024 and were signed on its behalf by:




I A Gilroy - Director



D Wallace - Director


ADDER DIGITAL TECHNOLOGY LIMITED (REGISTERED NUMBER: 03893056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Adder Digital Technology Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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.

ADDER DIGITAL TECHNOLOGY LIMITED (REGISTERED NUMBER: 03893056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 14,570 9,069 50,430 74,069
Transfer to ownership - - 50,430 50,430
Reclassification/transfer - - (50,430 ) (50,430 )
At 31 January 2024 14,570 9,069 50,430 74,069
DEPRECIATION
At 1 February 2023 14,529 9,069 21,598 45,196
Charge for year 41 - 7,208 7,249
Transfer to ownership - - 21,598 21,598
Reclassification/transfer - - (21,598 ) (21,598 )
At 31 January 2024 14,570 9,069 28,806 52,445
NET BOOK VALUE
At 31 January 2024 - - 21,624 21,624
At 31 January 2023 41 - 28,832 28,873

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 50,430
DEPRECIATION
At 1 February 2023
and 31 January 2024 21,598
NET BOOK VALUE
At 31 January 2024 28,832
At 31 January 2023 28,832

ADDER DIGITAL TECHNOLOGY LIMITED (REGISTERED NUMBER: 03893056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,940 5,894
Prepayments 1,982 3,215
4,922 9,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,587 22,681
Amounts owed to participating interests 28,835 76,593
Social security and other taxes 4,198 3,944
VAT 3,504 3,109
Accrued expenses 1,600 1,600
62,724 107,927

7. RESERVES
Retained
earnings
£   

At 1 February 2023 33,758
Deficit for the year (16,253 )
At 31 January 2024 17,505