Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10461469 Mr Lewis Adams Mr Michael Adams Mrs Kate Adams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10461469 2022-11-30 10461469 2023-11-30 10461469 2022-12-01 2023-11-30 10461469 frs-core:Non-currentFinancialInstruments 2023-11-30 10461469 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10461469 frs-core:NetGoodwill 2022-12-01 2023-11-30 10461469 frs-core:ShareCapital 2023-11-30 10461469 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10461469 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10461469 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 10461469 frs-bus:SmallEntities 2022-12-01 2023-11-30 10461469 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10461469 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10461469 frs-core:CostValuation 2022-11-30 10461469 frs-core:AdditionsToInvestments 2023-11-30 10461469 frs-core:CostValuation 2023-11-30 10461469 frs-bus:Director1 2022-12-01 2023-11-30 10461469 frs-bus:Director2 2022-12-01 2023-11-30 10461469 frs-bus:Director3 2022-12-01 2023-11-30 10461469 frs-countries:EnglandWales 2022-12-01 2023-11-30 10461469 2021-11-30 10461469 2022-11-30 10461469 2021-12-01 2022-11-30 10461469 frs-core:Non-currentFinancialInstruments 2022-11-30 10461469 frs-core:ShareCapital 2022-11-30 10461469 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10461469
The Addition Group Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
The Regent Chapel Street
Penzance
Cornwall
TR18 4AE
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10461469
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,781 33,477
Tangible Assets 5 30,651 34,057
Investments 6 3,421,893 3,421,892
3,479,325 3,489,426
CURRENT ASSETS
Debtors 1,386,970 1,612,789
Cash at bank and in hand 2,142 9,232
1,389,112 1,622,021
Creditors: Amounts Falling Due Within One Year (526,525 ) (508,419 )
NET CURRENT ASSETS (LIABILITIES) 862,587 1,113,602
TOTAL ASSETS LESS CURRENT LIABILITIES 4,341,912 4,603,028
Creditors: Amounts Falling Due After More Than One Year (27,500 ) (410,000 )
NET ASSETS 4,314,412 4,193,028
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 4,313,412 4,192,028
SHAREHOLDERS' FUNDS 4,314,412 4,193,028
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael Adams
Director
30/05/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
The Addition Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10461469 . The registered office is The Regent, Chapel Street, Penzance, Cornwall, TR18 4AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% NBV
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Intangible Assets
Total
£
Cost
As at 1 December 2022 66,956
As at 30 November 2023 66,956
Amortisation
As at 1 December 2022 33,479
Provided during the period 6,696
As at 30 November 2023 40,175
Net Book Value
As at 30 November 2023 26,781
As at 1 December 2022 33,477
Page 3
Page 4
5. Tangible Assets
Total
£
Cost
As at 1 December 2022 36,000
As at 30 November 2023 36,000
Depreciation
As at 1 December 2022 1,943
Provided during the period 3,406
As at 30 November 2023 5,349
Net Book Value
As at 30 November 2023 30,651
As at 1 December 2022 34,057
6. Investments
Total
£
Cost
As at 1 December 2022 3,421,892
Additions 1
As at 30 November 2023 3,421,893
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 3,421,893
As at 1 December 2022 3,421,892
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4