1 November 2022 false Taxfiler 2024.6 true 10426699business:PrivateLimitedCompanyLtd2022-11-012023-10-31 104266992022-10-31 104266992022-11-012023-10-31 10426699business:AuditExemptWithAccountantsReport2022-11-012023-10-31 10426699business:FilletedAccounts2022-11-012023-10-31 104266992023-10-31 10426699business:Director12022-11-012023-10-31 10426699business:RegisteredOffice2022-11-012023-10-31 104266992022-10-31 10426699core:WithinOneYear2023-10-31 10426699core:WithinOneYear2022-10-31 10426699core:AfterOneYear2023-10-31 10426699core:AfterOneYear2022-10-31 10426699core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 10426699core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 10426699core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 10426699core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 10426699core:PreviouslyStatedAmount2023-10-31 10426699core:PreviouslyStatedAmount2022-10-31 10426699business:SmallEntities2022-11-012023-10-31 10426699countries:EnglandWales2022-11-012023-10-31 10426699core:PlantMachinery2022-11-012023-10-31 10426699core:MotorVehicles2022-11-012023-10-31 10426699core:ComputerEquipment2022-11-012023-10-31 10426699core:MotorVehicles2022-10-31 10426699core:FurnitureFittings2022-10-31 10426699core:ComputerEquipment2022-10-31 10426699core:FurnitureFittings2022-11-012023-10-31 10426699core:MotorVehicles2023-10-31 10426699core:FurnitureFittings2023-10-31 10426699core:ComputerEquipment2023-10-31 104266992021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 10426699 (England and Wales)
ADS FARRIER SERVICES LTD Unaudited accounts for the year ended 31 October 2023
ADS FARRIER SERVICES LTD Unaudited accounts Contents
Page
- 2 -
ADS FARRIER SERVICES LTD Company Information for the year ended 31 October 2023
Director
Kathryn Dawn Smith
Company Number
10426699 (England and Wales)
Registered Office
New Rectory Avon Dassett Southam Warks CV47 2AS
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
- 3 -
ADS FARRIER SERVICES LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,553 
11,696 
Current assets
Debtors
509 
100 
Creditors: amounts falling due within one year
(3,931)
(2,608)
Net current liabilities
(3,422)
(2,508)
Total assets less current liabilities
6,131 
9,188 
Creditors: amounts falling due after more than one year
(6,167)
(8,167)
Net (liabilities)/assets
(36)
1,021 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(136)
921 
Shareholders' funds
(36)
1,021 
For the year ending 31 October 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 her 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 29 October 2024 and were signed on its behalf by
Kathryn Dawn Smith Director Company Registration No. 10426699
- 4 -
ADS FARRIER SERVICES LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
ADS FARRIER SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 10426699. The registered office is New Rectory, Avon Dassett, Southam, Warks, CV47 2AS.
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 year, 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
10% Straight Line Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
25% Straight Line Method
Going Concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated her support will continue for the foreseeable future.
- 5 -
ADS FARRIER SERVICES LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
6,500 
13,605 
- 
20,105 
Additions
- 
- 
499 
499 
Disposals
(6,500)
- 
- 
(6,500)
At 31 October 2023
- 
13,605 
499 
14,104 
Depreciation
At 1 November 2022
5,344 
3,065 
- 
8,409 
Charge for the year
- 
1,360 
125 
1,485 
On disposals
(5,343)
- 
- 
(5,343)
At 31 October 2023
1 
4,425 
125 
4,551 
Net book value
At 31 October 2023
(1)
9,180 
374 
9,553 
At 31 October 2022
1,156 
10,540 
- 
11,696 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
509 
100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,218 
4 
Taxes and social security
707 
804 
Accruals
2,006 
1,800 
3,931 
2,608 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,167 
8,167 
8
Average number of employees
During the year the average number of employees was 0 (2022: 1).
- 6 -