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REGISTERED NUMBER: 07860323 (England and Wales)















ADI Computer Services Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






ADI Computer Services Limited (Registered number: 07860323)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ADI Computer Services Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J A Winder





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: G1, Innovation Centre Medway
Maidstone Road
Chatham
Kent
ME5 9FD





REGISTERED NUMBER: 07860323 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

ADI Computer Services Limited (Registered number: 07860323)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,894 13,765
Tangible assets 5 41,669 28,810
57,563 42,575

CURRENT ASSETS
Debtors 6 8,819 18,884
Cash at bank 114,115 21,106
122,934 39,990
CREDITORS
Amounts falling due within one year 7 84,736 74,236
NET CURRENT ASSETS/(LIABILITIES) 38,198 (34,246 )
TOTAL ASSETS LESS CURRENT LIABILITIES 95,761 8,329

PROVISIONS FOR LIABILITIES 9,375 5,474
NET ASSETS 86,386 2,855

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 86,383 2,852
SHAREHOLDERS' FUNDS 86,386 2,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Computer Services Limited (Registered number: 07860323)

Statement of Financial Position - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





J A Winder - Director


ADI Computer Services Limited (Registered number: 07860323)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

ADI Computer Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements - going concern
When preparing the financial statements, the director has assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as there are net current liabilities. There are no material uncertainties of which the director is aware in making his assessment.

Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Digital assets
Digital assets are treated as intangible assets, accounted for under the revaluation model using it’s fair value. This is on the basis that there is an active market for the transfer and sale of the digital assets that the company holds. Digital assets are priced on a daily basis, and that is considered to be their fair value. Upon initial recognition and the receipt of digital assets, they are recorded at fair value using the quoted price of those assets. Subsequent measurement is accounted for as follows: an increase in fair value is recorded first through Profit or Loss in respect of any previous impairment recognised being reversed, with any further gains being recognised through Other Comprehensive Income. A decrease in fair value is recorded first through Other Comprehensive Income in respect of any previous gains recognised being reversed, with any further impairment being recognised through Profit or Loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.


ADI Computer Services Limited (Registered number: 07860323)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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 by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 December 2022 26,535
Additions 1,132
Disposals (1,085 )
At 30 November 2023 26,582
AMORTISATION
At 1 December 2022 12,770
Charge for year (2,130 )
Eliminated on disposal 48
At 30 November 2023 10,688
NET BOOK VALUE
At 30 November 2023 15,894
At 30 November 2022 13,765

Cost or valuation at 30 November 2023 is represented by:

Other
intangible
assets
£   
Valuation in 2023 26,582

ADI Computer Services Limited (Registered number: 07860323)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 55,519
Additions 35,602
At 30 November 2023 91,121
DEPRECIATION
At 1 December 2022 26,709
Charge for year 22,743
At 30 November 2023 49,452
NET BOOK VALUE
At 30 November 2023 41,669
At 30 November 2022 28,810

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,497 18,562
Other debtors 322 322
8,819 18,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,559 7,406
Taxation and social security 56,528 41,133
Other creditors 18,649 25,697
84,736 74,236

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary A £1 2 2
1 Ordinary B £1 1 1
3 3