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Company Registration No. 01510280 (England and Wales)
ADC - Ltd Unaudited accounts for the period from 1 October 2022 to 31 December 2023
ADC - Ltd Unaudited accounts Contents
Page
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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
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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
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ADC - Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
14,531 
Current assets
Inventories
6,180 
6,180 
Debtors
8,802 
54,534 
Cash at bank and in hand
47,788 
59,748 
62,770 
120,462 
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 
Capital and reserves
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
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ADC - Ltd Notes to the Accounts for the period from 1 October 2022 to 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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ADC - Ltd Notes to the Accounts for the period from 1 October 2022 to 31 December 2023
Leased assets
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
- 
- 
- 
- 
Depreciation
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
- 
- 
- 
- 
Net book value
At 31 December 2023
- 
- 
- 
- 
At 30 September 2022
1,083 
10,451 
2,997 
14,531 
5
Inventories
2023 
2022 
£ 
£ 
Work in progress
4,300 
4,300 
Finished goods
1,880 
1,880 
6,180 
6,180 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,670 
- 
Trade debtors
1,161 
50,563 
Other debtors
3,971 
244 
8,802 
50,807 
Amounts falling due after more than one year
Other debtors
- 
3,727 
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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 
VAT
28,614 
22,446 
Trade creditors
24,110 
12,885 
Taxes and social security
13,710 
10,323 
Other creditors
- 
38,008 
Accruals
1,700 
2,331 
74,205 
91,879 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,399 
16,963 
Other creditors
219 
439 
9,618 
17,402 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
666 Ordinary shares of £1 each
666 
666 
10
Controlling party
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).
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