ADMATICA LIMITED
REGISTERED NUMBER: 06672622
BALANCE SHEET
AS AT 31 DECEMBER 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the period ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 4 form part of these financial statements.
Page 1
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ADMATICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
Admatica Limited is a company limited by share capital incorporated in England and Wales, company number 06672622. The company’s registered office is located at Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The Company was dormant during the period and at the year end had net liabilities of £2,688,807, largely reflecting an amount due to its parent company Stockford Limited. The directors consider that the Company will receive support from its parent company and will have adequate cash and other liquid resources to meet its commitments as they fall due for a period of at least 12 months from the date of approval of these financial statements and therefore the financial statements are appropriately prepared on a going concern basis.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 2
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ADMATICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
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The average monthly number of employees, including directors, during the period was 1 (2022 - 1).
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Allotted, called up and fully paid
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1,000 (2022 - 1,000) Ordinary shares of £0.10 each
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Related party transactions
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The Company is exempt from disclosing related party transactions with other 100% owned members of
the Group headed by Stockford Limited by virtue of FRS 102 section 33.1A.
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Page 3
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ADMATICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
The Company considers Stockford Limited, a company incorporated in England and Wales, to be its immediate and ultimate parent company throughout the current year. Stockford Limited is the parent of both the largest and smallest groups in which the results of the company are consolidated. Copies of which are available from its registered office: Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.
Page 4
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