Company Registration No. 12772788 (England and Wales)
ADEKEM UK LTD
Unaudited accounts
for the year ended 31 July 2023
ADEKEM UK LTD
Company Information
for the year ended 31 July 2023
Directors
A F Emmanuel Adebayo
Adewuyi Makinde
Company Number
12772788 (England and Wales)
Registered Office
5 Mason Close
Bexleyheath
England
DA7 4NA
Accountants
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
ADEKEM UK LTD
Accountants' report
Accountants' report to the board of directors of ADEKEM UK LTD on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ADEKEM UK LTD for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ADEKEM UK LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ADEKEM UK LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ADEKEM UK LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ADEKEM UK LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ADEKEM UK LTD. You consider that ADEKEM UK LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ADEKEM UK LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
30 April 2024
ADEKEM UK LTD
Statement of financial position
as at 31 July 2023
Tangible assets
1,458
1,313
Creditors: amounts falling due within one year
(15,078)
(15,079)
Net current liabilities
(11,082)
(9,076)
Net liabilities
(9,624)
(7,763)
Called up share capital
4
4
Profit and loss account
(9,628)
(7,767)
Shareholders' funds
(9,624)
(7,763)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Adewuyi Makinde
Director
Company Registration No. 12772788
ADEKEM UK LTD
Notes to the Accounts
for the year ended 31 July 2023
ADEKEM UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12772788. The registered office is 5 Mason Close, Bexleyheath, England, DA7 4NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
20
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
ADEKEM UK LTD
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
812
1,000
1,812
At 31 July 2023
812
1,500
2,312
At 1 August 2022
155
344
499
Charge for the year
66
289
355
At 31 July 2023
221
633
854
At 31 July 2023
591
867
1,458
At 31 July 2022
657
656
1,313
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,534
10,535
Amounts owed to group undertakings and other participating interests
3,614
3,614
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).