Company Registration No. 01510280 (England and Wales)
ADC - Ltd
Unaudited accounts
for the period from 1 October 2022 to 31 December 2023
ADC - Ltd
Company Information
for the period from 1 October 2022 to 31 December 2023
Director
Alan David Spiller
Company Number
01510280 (England and Wales)
Registered Office
THE OLD BAKERY 60 DOWNEND ROAD
HORFIELD BRISTOL
BS7 9PN
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
ADC - Ltd
for the period from 1 October 2022 to 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ADC - Ltd for the period from 1 October 2022 to 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
28 July 2024
ADC - Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
47,788
59,748
Creditors: amounts falling due within one year
(74,205)
(91,879)
Net current (liabilities)/assets
(11,435)
28,583
Total assets less current liabilities
(11,435)
43,114
Creditors: amounts falling due after more than one year
(9,618)
(17,402)
Net (liabilities)/assets
(21,053)
25,712
Called up share capital
666
666
Profit and loss account
(21,719)
25,046
Shareholders' funds
(21,053)
25,712
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 July 2024 and were signed on its behalf by
Alan David Spiller
Director
Company Registration No. 01510280
ADC - Ltd
Notes to the Accounts
for the period from 1 October 2022 to 31 December 2023
ADC - Ltd is a private company, limited by shares, registered in England and Wales, registration number 01510280. The registered office is THE OLD BAKERY 60 DOWNEND ROAD, HORFIELD BRISTOL, BS7 9PN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ADC - Ltd
Notes to the Accounts
for the period from 1 October 2022 to 31 December 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
6,241
56,533
13,862
76,636
Disposals
(6,241)
(56,533)
(13,862)
(76,636)
At 31 December 2023
-
-
-
-
At 1 October 2022
5,158
46,082
10,865
62,105
On disposals
(5,158)
(46,082)
(10,865)
(62,105)
At 31 December 2023
-
-
-
-
At 31 December 2023
-
-
-
-
At 30 September 2022
1,083
10,451
2,997
14,531
Work in progress
4,300
4,300
Finished goods
1,880
1,880
Amounts falling due within one year
Trade debtors
1,161
50,563
Amounts falling due after more than one year
ADC - Ltd
Notes to the Accounts
for the period from 1 October 2022 to 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,071
5,886
Trade creditors
24,110
12,885
Taxes and social security
13,710
10,323
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
666 Ordinary shares of £1 each
666
666
On 4th December 2023 the entire share capital of the company was acquired by Spiller Commercial Holdings Ltd (company number 11910800), a company wholly owned by Alan Spiller. The ultimate controlling party is Alan Spiller.
11
Average number of employees
During the period the average number of employees was 4 (2022: 4).