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REGISTERED NUMBER: 03940454 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADI TRADING LIMITED

ADI TRADING LIMITED (REGISTERED NUMBER: 03940454)






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


ADI TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: I D Bailey
M Bailey



SECRETARY: I D Bailey



REGISTERED OFFICE: Unit 7 Kingsfield Industrial Estate
Derby Road
Wirksworth
Derbyshire
DE4 4BG



REGISTERED NUMBER: 03940454 (England and Wales)



ACCOUNTANTS: Mills & Black
Derwent House
141-145 Dale Road
Matlock
Derbyshire
DE4 3LU



BANKERS: Barclays Bank plc
Business Direct
Leicester
LE87 2BR

ADI TRADING LIMITED (REGISTERED NUMBER: 03940454)

ABRIDGED BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 9,480 9,697

CURRENT ASSETS
Stocks 87,924 80,456
Debtors 110,077 77,108
Cash at bank 413,596 423,143
611,597 580,707
CREDITORS
Amounts falling due within one year 297,214 299,617
NET CURRENT ASSETS 314,383 281,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,863

290,787

PROVISIONS FOR LIABILITIES 2,326 1,801
NET ASSETS 321,537 288,986

CAPITAL AND RESERVES
Called up share capital 232 232
Capital redemption reserve 50 50
Retained earnings 321,255 288,704
SHAREHOLDERS' FUNDS 321,537 288,986

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 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.

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 Income Statement has not been delivered.

ADI TRADING LIMITED (REGISTERED NUMBER: 03940454)

ABRIDGED BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





I D Bailey - Director


ADI TRADING LIMITED (REGISTERED NUMBER: 03940454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

1. 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 85,152
Additions 4,689
At 31 March 2024 89,841
DEPRECIATION
At 1 April 2023 75,455
Charge for year 4,906
At 31 March 2024 80,361
NET BOOK VALUE
At 31 March 2024 9,480
At 31 March 2023 9,697