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REGISTERED NUMBER: 03050103 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Added Dimension Limited

Added Dimension Limited (Registered number: 03050103)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Added Dimension Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M H Abelman
A F Mayer





REGISTERED OFFICE: Unit 19 Deacon Way
Tilehurst
Reading
Berkshire
RG30 6QG





REGISTERED NUMBER: 03050103 (England and Wales)





AUDITORS: Geoffrey Cole & Co Ltd
Chartered Accountants & Statutory Auditor
4 Reading Road
Pangbourne
Berkshire
RG8 7LY

Added Dimension Limited (Registered number: 03050103)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 799,472 644,407
Debtors 4 1,046,714 956,427
Cash at bank 137 53,065
1,846,323 1,653,899
CREDITORS
Amounts falling due within one year 5 118,234 393,872
NET CURRENT ASSETS 1,728,089 1,260,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,728,089

1,260,027

CREDITORS
Amounts falling due after more than one
year

6

300,734

-
NET ASSETS 1,427,355 1,260,027

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,427,255 1,259,927
SHAREHOLDERS' FUNDS 1,427,355 1,260,027

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 24 September 2024 and were signed on its behalf by:





Mrs M H Abelman - Director


Added Dimension Limited (Registered number: 03050103)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Added Dimension 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Added Dimension Limited (Registered number: 03050103)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Dilapidations
The company recognises the cost of dilapidations when:

1. There is a present obligation (legal or constructive) as a result of a past event;
2. It is probable that an outflow of resources will be required to settle the obligation; and
3. A reliable estimate can be made of the amount of the obligation.

The cost is measured at the best estimate of the expenditure required to settle the present obligation at the end of the reporting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 241,676 382,045
Amounts owed by group undertakings 729,345 545,119
Tax 3,202 -
VAT 43,001 -
Prepayments and accrued income 29,490 29,263
1,046,714 956,427

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 65,174 79,074
Tax - 175
VAT - 1,483
Accrued expenses 53,060 313,140
118,234 393,872

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Accruals and deferred income 300,734 -

Added Dimension Limited (Registered number: 03050103)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 173,839 102,934
Between one and five years 577,410 2,999
In more than five years 361,710 -
1,112,959 105,933

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified Opinion
We carried out a counting of physical inventories in both years, however a material amount of stock was held offsite and therefore could not be fully verified for both 31 December 2023 and 31 December 2022. We were also unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2023 and 31 December 2022, which are included in Statements of Financial Position at £799,472 and £644,407 respectively. Consequently we were unable to determine whether any adjustments to these amounts was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

G S J Cole (Senior Statutory Auditor)
for and on behalf of Geoffrey Cole & Co Ltd

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. PARENT COMPANY

The parent company is FlexIT Holding B.V, a company registered in Netherlands The ultimate controlling party is Rotla B.V, a company also registered in Netherlands. The address of the parent company and the ultimate controlling party is Zaalbergweg 9, 2314 XS, Leiden, Netherlands.