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REGISTERED NUMBER: 04090750 (England and Wales)
























Financial Statements

for the Year Ended 31 March 2024

for

Ad-Tek Products Limited

Ad-Tek Products Limited (Registered number: 04090750)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ad-Tek Products Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M J Skeet
S P Gerhartz





SECRETARY: M J Skeet





REGISTERED OFFICE: 140 Rayne Road
Braintree
Essex
CM7 2QR





REGISTERED NUMBER: 04090750 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

Ad-Tek Products Limited (Registered number: 04090750)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,766 78,608

CURRENT ASSETS
Stocks 16,034 13,032
Debtors 5 144,039 171,975
Cash at bank and in hand 227,379 160,373
387,452 345,380
CREDITORS
Amounts falling due within one year 6 226,590 168,450
NET CURRENT ASSETS 160,862 176,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,628

255,538

CREDITORS
Amounts falling due after more than one
year

7

(18,334

)

(28,333

)

PROVISIONS FOR LIABILITIES (15,241 ) (19,340 )
NET ASSETS 190,053 207,865

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 189,953 207,765
SHAREHOLDERS' FUNDS 190,053 207,865

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 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.

Ad-Tek Products Limited (Registered number: 04090750)

Balance Sheet - continued
31 March 2024


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 12 September 2024 and were signed on its behalf by:





S P Gerhartz - Director


Ad-Tek Products Limited (Registered number: 04090750)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ad-Tek Products 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.

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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

Ad-Tek Products Limited (Registered number: 04090750)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 213,176
Additions 699
At 31 March 2024 213,875
DEPRECIATION
At 1 April 2023 134,568
Charge for year 16,541
At 31 March 2024 151,109
NET BOOK VALUE
At 31 March 2024 62,766
At 31 March 2023 78,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,231 68,099
Other debtors 77,808 103,876
144,039 171,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 66,226 76,305
Taxation and social security 75,029 69,461
Other creditors 75,335 12,684
226,590 168,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,334 28,333

8. RELATED PARTY DISCLOSURES

The directors are also in partnership together trading as Ad-Tek Products. The company hires machinery from the partnership which also carries out work for the company. The value of work done and hire charges in the year made by the partnership to the limited company was £30,000 (2023: £32,500).

Shown within debtors is an in-account balance due from the partnership at the year end amounting to £64,663 (2023: £84,622). No interest is charged on this in-account balance.