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REGISTERED NUMBER: 04525795 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BLACK ADA LIMITED

BLACK ADA LIMITED (REGISTERED NUMBER: 04525795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLACK ADA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N E Cole
M Cole
A E Cole





SECRETARY: Mrs Z Cole





REGISTERED OFFICE: Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT





REGISTERED NUMBER: 04525795 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

BLACK ADA LIMITED (REGISTERED NUMBER: 04525795)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,863 7,829
5,863 7,829

CURRENT ASSETS
Stocks 43,650 47,885
Debtors 6 28,456 33,730
Cash at bank and in hand 1,090 2,316
73,196 83,931
CREDITORS
Amounts falling due within one year 7 36,085 26,786
NET CURRENT ASSETS 37,111 57,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,974

64,974

CREDITORS
Amounts falling due after more than one year 8 (14,751 ) (21,927 )

PROVISIONS FOR LIABILITIES (1,114 ) -
NET ASSETS 27,109 43,047

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 9 27,105 43,043
SHAREHOLDERS' FUNDS 27,109 43,047

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

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

BLACK ADA LIMITED (REGISTERED NUMBER: 04525795)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





N E Cole - Director


BLACK ADA LIMITED (REGISTERED NUMBER: 04525795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Black Ada 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.

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.

In preparing the accounts the directors have assessed the company's ability to continue as a going concern for the period of 1 year from the approval of these accounts. The directors consider the going concern basis of preparing the accounts appropriate as financial support will be provided by the directors if required.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Computer equipment - 33.33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.


BLACK ADA LIMITED (REGISTERED NUMBER: 04525795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 8,000
AMORTISATION
At 1 January 2023
and 31 December 2023 8,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 18,357 860 19,217
DEPRECIATION
At 1 January 2023 10,645 743 11,388
Charge for year 1,928 38 1,966
At 31 December 2023 12,573 781 13,354
NET BOOK VALUE
At 31 December 2023 5,784 79 5,863
At 31 December 2022 7,712 117 7,829

BLACK ADA LIMITED (REGISTERED NUMBER: 04525795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,012 32,197
VAT 2,366 1,533
Prepayments 2,078 -
28,456 33,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,824 8,463
Tax 6,903 6,695
Other creditors 14,500 4,500
Creditors & accruals 1,319 2,619
Directors' current accounts 5,539 4,509
36,085 26,786

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 14,751 21,927

9. RESERVES
Retained
earnings
£   

At 1 January 2023 43,043
Deficit for the year (15,938 )
At 31 December 2023 27,105