ADT FINANCIAL LTD

Company Registration Number:
04653096 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

ADT FINANCIAL LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes

ADT FINANCIAL LTD

Balance sheet

As at 31 July 2023

Notes 2023 13 months to 31 July 2022


£

£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (100 ) 30,614
Total Shareholders' funds: 0 30,714

The notes form part of these financial statements

ADT FINANCIAL LTD

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: Mr A. D. Teasdale
Status: Director

The notes form part of these financial statements

ADT FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for commissions and fees during the year.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as followsImprovements to landlord's property - 10% straight lineOffice and computer equipment - 10% and 33 1/3% Straight lineMotor vehicles - 25% straight line

    Other accounting policies

    Going concernFollowing a company reorganisation the company ceased to trade on 26th October 2021, transferring its trade, assets and liabilities to Northumbria Financial Management Limited, this company's Parent company.Income TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.Financial instrumentsFinancial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Defined contribution plansThe company operates a defined contribution pension scheme covering a number of its employees. The scheme funds are administered by trustees and the assets of the scheme are held separately from those of the company. The pension costs charged against profits represent the amount of the contributions payable to the scheme in respect of the accounting period.

ADT FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 13 months to 31 July 2022
    Average number of employees during the period 0 7

ADT FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Creditors: amounts falling due within one year note

  13 months to 31 July 2022
  £
Other creditors 6,530
Total   6,530