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REGISTERED NUMBER: 13687044 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2023

FOR

ADDU'S LIMITED

ADDU'S LIMITED (REGISTERED NUMBER: 13687044)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADDU'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 OCTOBER 2023







DIRECTORS: Mrs K K Nellikondi
R Nellikondi





REGISTERED OFFICE: UN9 Armstrong House
First Avenue
Doncaster Finningley Airport
Doncaster
South Yorkshire
DN9 3GA





REGISTERED NUMBER: 13687044 (England and Wales)





ACCOUNTANTS: A Wigglesworth And Company Ltd
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

ADDU'S LIMITED (REGISTERED NUMBER: 13687044)

BALANCE SHEET
30 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,188 764

CURRENT ASSETS
Stocks 568,786 166,696
Debtors 5 103,106 30,587
Cash at bank 141,806 51,792
813,698 249,075
CREDITORS
Amounts falling due within one year 6 117,069 46,897
NET CURRENT ASSETS 696,629 202,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

735,817

202,942

CREDITORS
Amounts falling due after more than one
year

7

799,980

210,000
NET LIABILITIES (64,163 ) (7,058 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (64,164 ) (7,059 )
SHAREHOLDERS' FUNDS (64,163 ) (7,058 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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.

ADDU'S LIMITED (REGISTERED NUMBER: 13687044)

BALANCE SHEET - continued
30 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mrs K K Nellikondi - Director


ADDU'S LIMITED (REGISTERED NUMBER: 13687044)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023

1. STATUTORY INFORMATION

Addu's Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
Although the companies liabilities exceed its assets by £64,163. the accounts have been prepared on a going concern basis.

ADDU'S LIMITED (REGISTERED NUMBER: 13687044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 October 2022 - 1,140 1,140
Additions 40,487 - 40,487
At 30 October 2023 40,487 1,140 41,627
DEPRECIATION
At 31 October 2022 - 376 376
Charge for year 1,687 376 2,063
At 30 October 2023 1,687 752 2,439
NET BOOK VALUE
At 30 October 2023 38,800 388 39,188
At 30 October 2022 - 764 764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 94,106 30,587
Prepayments 9,000 -
103,106 30,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 53,324 13,386
Directors' loan accounts 28,529 29,136
Accruals and deferred income 35,216 4,375
117,069 46,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 2-5 years 799,980 210,000