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REGISTERED NUMBER: 07842889 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

AC Adaptors R US Ltd

AC Adaptors R US Ltd (Registered number: 07842889)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AC Adaptors R US Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N R Dicks
C Robinson





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 07842889 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

AC Adaptors R US Ltd (Registered number: 07842889)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,537 22,434

CURRENT ASSETS
Stocks 250,000 300,000
Debtors 5 313,639 21,613
Cash at bank 490,118 401,393
1,053,757 723,006
CREDITORS
Amounts falling due within one year 6 (230,445 ) (145,137 )
NET CURRENT ASSETS 823,312 577,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

842,849

600,303

PROVISIONS FOR LIABILITIES (4,884 ) (4,262 )
NET ASSETS 837,965 596,041

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 837,963 596,039
SHAREHOLDERS' FUNDS 837,965 596,041

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 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.

AC Adaptors R US Ltd (Registered number: 07842889)

Balance Sheet - 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 Statement of Income and Retained Earnings 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:





N R Dicks - Director


AC Adaptors R US Ltd (Registered number: 07842889)

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

1. STATUTORY INFORMATION

AC Adaptors R US 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell on a first in first out basis after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

AC Adaptors R US Ltd (Registered number: 07842889)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 8,483 5,487 29,856 3,989 47,815
Additions - 3,150 - - 3,150
At 30 November 2023 8,483 8,637 29,856 3,989 50,965
DEPRECIATION
At 1 December 2022 5,403 1,634 14,817 3,527 25,381
Charge for year 616 1,369 3,760 302 6,047
At 30 November 2023 6,019 3,003 18,577 3,829 31,428
NET BOOK VALUE
At 30 November 2023 2,464 5,634 11,279 160 19,537
At 30 November 2022 3,080 3,853 15,039 462 22,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 27,276 9,171
Other debtors 286,363 12,442
313,639 21,613

Other debtors includes prepayments and accrued income of £5,782 (2022: £2,107).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 11,546 14,774
Taxation and social security 185,318 105,710
Other creditors 33,581 24,653
230,445 145,137

Other creditors includes accruals and deferred income of £10,081 (2022: £6,094).

7. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £42,005 (2022: £60,000).

AC Adaptors R US Ltd (Registered number: 07842889)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
N R Dicks and C Robinson
Balance outstanding at start of year - -
Amounts advanced 6,755 8,280
Amounts repaid (6,755 ) (8,280 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan was interest free and repayable on demand.