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REGISTERED NUMBER: 12144540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Aydac Limited

Aydac Limited (Registered number: 12144540)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Aydac Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J Taylor
J Stephenson





REGISTERED OFFICE: Unit 1 Woodside Walk
Whinfield Industrial Estate,
Rowlands Gill,
United Kingdom
NE39 1EH





REGISTERED NUMBER: 12144540 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Aydac Limited (Registered number: 12144540)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 14,453 30,676

CURRENT ASSETS
Stocks 8,520 11,180
Debtors 5 102,100 109,797
Cash at bank 13,693 33,531
124,313 154,508
CREDITORS
Amounts falling due within one year 6 123,027 120,657
NET CURRENT ASSETS 1,286 33,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,739

64,527

CREDITORS
Amounts falling due after more than
one year

7

(8,032

)

(28,924

)

PROVISIONS FOR LIABILITIES (3,291 ) (6,038 )
NET ASSETS 4,416 29,565

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,316 29,465
SHAREHOLDERS' FUNDS 4,416 29,565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Aydac Limited (Registered number: 12144540)

Balance Sheet - continued
31 August 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 24 October 2024 and were signed on its behalf by:





J Stephenson - Director


Aydac Limited (Registered number: 12144540)

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

1. STATUTORY INFORMATION

Aydac 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

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 balance sheet date.


Aydac Limited (Registered number: 12144540)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 8 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 September 2023 3,928 58,148 3,146 65,222
Additions - - 1,820 1,820
Disposals - (33,408 ) - (33,408 )
At 31 August 2024 3,928 24,740 4,966 33,634
DEPRECIATION
At 1 September 2023 1,424 32,168 954 34,546
Charge for year 375 2,972 602 3,949
Eliminated on disposal - (19,314 ) - (19,314 )
At 31 August 2024 1,799 15,826 1,556 19,181
NET BOOK VALUE
At 31 August 2024 2,129 8,914 3,410 14,453
At 31 August 2023 2,504 25,980 2,192 30,676

Aydac Limited (Registered number: 12144540)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade debtors 78,032 88,557
Misc Debtors 7,100 7,100
Directors' loan accounts 4,802 -
VAT 9,504 12,252
Prepayments 2,662 1,888
102,100 109,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Bank loans and overdrafts 5,800 5,800
Trade creditors 35,984 58,455
Tax 26,094 31,066
Social security and other taxes 2,333 8,420
Other creditors - 3,843
Credit card 48,046 -
Hire Purchase due < 1 yr 2,068 8,482
Directors' loan accounts - 894
Accrued expenses 2,284 2,088
Pension 418 1,609
123,027 120,657

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£ £
Bank loans > 1yr 6,653 12,648
Hire purchase > 1 yr 1,379 16,276
8,032 28,924

Aydac Limited (Registered number: 12144540)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£ £
J Taylor
Balance outstanding at start of year (832 ) (151 )
Amounts advanced 3,419 2,319
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,587 (832 )

J Stephenson
Balance outstanding at start of year (63 ) (1,698 )
Amounts advanced 2,278 4,635
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,215 (63 )

Aydac Limited

Report of the Accountants to the Directors of
Aydac Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


24 October 2024