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REGISTERED NUMBER: 03443186 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADAPTIS LIMITED

ADAPTIS LIMITED (REGISTERED NUMBER: 03443186)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADAPTIS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: S E Burks





SECRETARY: S E Burks





REGISTERED OFFICE: Tintagel House
92 Albert Embankment
London
SE1 7TY





REGISTERED NUMBER: 03443186 (England and Wales)

ADAPTIS LIMITED (REGISTERED NUMBER: 03443186)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,008 6,636
Investments 5 75 75
7,083 6,711

CURRENT ASSETS
Debtors 171,789 250,811
Cash at bank 283,565 325,157
455,354 575,968
CREDITORS
Amounts falling due within one year 282,085 367,911
NET CURRENT ASSETS 173,269 208,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,352

214,768

CREDITORS
Amounts falling due after more than one year (10,919 ) (21,205 )

PROVISIONS FOR LIABILITIES (1,727 ) (1,268 )
NET ASSETS 167,706 192,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,606 192,195
SHAREHOLDERS' FUNDS 167,706 192,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ADAPTIS LIMITED (REGISTERED NUMBER: 03443186)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 17 July 2024 and were signed by:





S E Burks - Director


ADAPTIS LIMITED (REGISTERED NUMBER: 03443186)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Adaptis 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of business training program services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment - 25% reducing balance

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are measured at cost less impairment. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current tax assets and liabilities are not discounted and are 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

ADAPTIS LIMITED (REGISTERED NUMBER: 03443186)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 9,896
Additions 2,650
Disposals (604 )
At 31 March 2024 11,942
DEPRECIATION
At 1 April 2023 3,260
Charge for year 1,896
Eliminated on disposal (222 )
At 31 March 2024 4,934
NET BOOK VALUE
At 31 March 2024 7,008
At 31 March 2023 6,636

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 75
NET BOOK VALUE
At 31 March 2024 75
At 31 March 2023 75

6. SECURED DEBTS

The bank overdraft is personally guaranteed by the director to the value of £10,000 (2023 - £10,000).

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024, the company had loaned a director £41,855 (2023 - £79,090). This was the maximum amount owed during the year and the loan was repaid within 9 months of the year end. Interest was charged at 2% per annum.