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REGISTERED NUMBER: 09958505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Adelaide Construction Ltd

Adelaide Construction Ltd (Registered number: 09958505)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adelaide Construction Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: N J Murdocco





REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 09958505 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Adelaide Construction Ltd (Registered number: 09958505)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491 447

CURRENT ASSETS
Debtors 5 6,209 17,833
Cash at bank 5,141 231
11,350 18,064
CREDITORS
Amounts falling due within one year 6 8,183 14,225
NET CURRENT ASSETS 3,167 3,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,658

4,286

CREDITORS
Amounts falling due after more than
one year

7

-

(10,600

)

PROVISIONS FOR LIABILITIES 8 (93 ) (85 )
NET ASSETS/(LIABILITIES) 3,565 (6,399 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 3,465 (6,499 )
SHAREHOLDERS' FUNDS 3,565 (6,399 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Adelaide Construction Ltd (Registered number: 09958505)

Balance Sheet - continued
31 January 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 director and authorised for issue on 28 July 2024 and were signed by:





N J Murdocco - Director


Adelaide Construction Ltd (Registered number: 09958505)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Adelaide Construction Ltd 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.

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 - 10% on reducing balance

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 or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Adelaide Construction Ltd (Registered number: 09958505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023 872
Additions 88
At 31 January 2024 960
DEPRECIATION
At 1 February 2023 425
Charge for year 44
At 31 January 2024 469
NET BOOK VALUE
At 31 January 2024 491
At 31 January 2023 447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,300 -
Other debtors 4,909 17,833
6,209 17,833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 2,650
Tax (3 ) 3,391
Other creditors 7,380 7,380
Directors' current accounts 2 -
Accrued expenses 804 804
8,183 14,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years - 10,600

Adelaide Construction Ltd (Registered number: 09958505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 93 85

Deferred
tax
£   
Balance at 1 February 2023 85
Charge to Income Statement during year 8
Balance at 31 January 2024 93

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 (6,499 )
Profit for the year 19,464
Dividends (9,500 )
At 31 January 2024 3,465

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
N J Murdocco
Balance outstanding at start of year 13,575 9,175
Amounts advanced - 4,400
Amounts repaid (13,575 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,575

Adelaide Construction Ltd (Registered number: 09958505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

12. ULTIMATE CONTROLLING PARTY

The controlling party is N J Murdocco.

During the period the director received dividends of £9,500, (last year £NIL).