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REGISTERED NUMBER: 12008444 (England and Wales)


Financial Statements for the Year Ended 30 April 2024

for

Adi&Sons Limited

Adi&Sons Limited (Registered number: 12008444)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Adi&Sons Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Sagar Adi
Mr Sanjay Adi





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 12008444 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Adi&Sons Limited (Registered number: 12008444)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,834 45,834
Tangible assets 5 354,433 416,523
400,267 462,357

CURRENT ASSETS
Stocks 11,410 14,180
Debtors 6 35,076 84,058
Cash at bank and in hand 16,634 79,611
63,120 177,849
CREDITORS
Amounts falling due within one year 7 232,612 253,830
NET CURRENT LIABILITIES (169,492 ) (75,981 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,775

386,376

CREDITORS
Amounts falling due after more than one
year

8

260,392

384,016
NET (LIABILITIES)/ASSETS (29,617 ) 2,360

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (29,717 ) 2,260
SHAREHOLDERS' FUNDS (29,617 ) 2,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Adi&Sons Limited (Registered number: 12008444)

Statement of Financial Position - continued
30 April 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 29 July 2024 and were signed on its behalf by:





Mr Sagar Adi - Director


Adi&Sons Limited (Registered number: 12008444)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Adi&Sons 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.

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.

Franchise Fee are being amortised evenly over their estimated useful life of nil years.

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 etc - 25% on reducing balance and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 45,834
NET BOOK VALUE
At 30 April 2024 45,834
At 30 April 2023 45,834

Adi&Sons Limited (Registered number: 12008444)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 9,486 603,565 613,051
Additions - 3,000 3,000
At 30 April 2024 9,486 606,565 616,051
DEPRECIATION
At 1 May 2023 - 196,528 196,528
Charge for year - 65,090 65,090
At 30 April 2024 - 261,618 261,618
NET BOOK VALUE
At 30 April 2024 9,486 344,947 354,433
At 30 April 2023 9,486 407,037 416,523

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 25,836 57,999
Other debtors 9,240 26,059
35,076 84,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 24,089 23,715
Taxation and social security 7,258 8,076
Other creditors 201,265 222,039
232,612 253,830

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 221,304 329,293
Hire purchase contracts 39,088 54,723
260,392 384,016

Adi&Sons Limited (Registered number: 12008444)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Share capital 1 £1 100 100