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REGISTERED NUMBER: 03726964 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADDCALL LIMITED

ADDCALL LIMITED (REGISTERED NUMBER: 03726964)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ADDCALL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: S Dodd



REGISTERED OFFICE: 38 St Andrews Road South
St Annes On Sea
Lancashire
FY8 1PS



REGISTERED NUMBER: 03726964 (England and Wales)



ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Lloyds Bank Plc
South John Street
Liverpool
L1 8BN

ADDCALL LIMITED (REGISTERED NUMBER: 03726964)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,500,000

CURRENT ASSETS
Cash at bank 199,680 198,158

CREDITORS
Amounts falling due within one year 5 213,069 211,833
NET CURRENT LIABILITIES (13,389 ) (13,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,611

1,486,325

PROVISIONS FOR LIABILITIES 6 173,284 173,284
NET ASSETS 1,313,327 1,313,041

CAPITAL AND RESERVES
Called up share capital 128 128
Other reserves 7 937,360 937,360
Retained earnings 7 375,839 375,553
SHAREHOLDERS' FUNDS 1,313,327 1,313,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10 October 2024 and were signed by:




S Dodd - Director


ADDCALL LIMITED (REGISTERED NUMBER: 03726964)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Addcall 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ADDCALL LIMITED (REGISTERED NUMBER: 03726964)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,500,000
NET BOOK VALUE
At 31 March 2024 1,500,000
At 31 March 2023 1,500,000

The investment properties have been revalued and included at their fair value at 31 March 2024 as determined by the director.


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to related undertakings 93,337 92,167
Tax 94 27
Directors' current accounts 113,338 113,338
Accrued expenses 6,300 6,301
213,069 211,833

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 173,284 173,284

Deferred
tax
£   
Balance at 1 April 2023 173,284
Balance at 31 March 2024 173,284

7. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 375,553 937,360 1,312,913
Profit for the year 286 286
At 31 March 2024 375,839 937,360 1,313,199

Other reserves relate to non distributable profit and loss relating to the revaluation amount of investment properties, together with deferred taxation thereon.