Registered number: 09137878 | ||||||||
FOR THE 364 DAY PERIOD ENDED 29/10/2023 | ||||||||
Prepared By: | ||||||||
Greywalls Accountants Limited | ||||||||
13 | ||||||||
Isis Lake | ||||||||
Cirencester | ||||||||
Gloucestershire | ||||||||
GL7 5LT |
A & D Corporate Group Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE 364 DAY PERIOD ENDED 29/10/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Wiltshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09137878 | ||||||||
ACCOUNTANTS | ||||||||
Greywalls Accountants Limited | ||||||||
13 | ||||||||
Isis Lake | ||||||||
Cirencester | ||||||||
Gloucestershire | ||||||||
GL7 5LT |
A & D Corporate Group Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE364 DAY PERIODENDED29/10/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
A & D Corporate Group Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
1,870,945 | 1,891,471 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 968,103 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 481,325 | 462,497 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 1,342,729 | 1,242,866 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
A & D Corporate Group Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 364 DAY PERIOD ENDED 29/10/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. | ||||||||
Depreciation is provided on the following basis: | ||||||||
Land And Buildings | reducing balance15% | |||||||
Plant And Machinery | straight line25% | |||||||
Equipment | reducing balance25% | |||||||
Motor Cars | reducing balance25% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
A & D Corporate Group Limited | ||||||||
1e. Leasing Commitments | ||||||||
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
1f. Functional Currency | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
1g. Turnover | ||||||||
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: | ||||||||
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisifed; | ||||||||
- the amount of turnover can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably. |
1h. Taxation | ||||||||
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date. | ||||||||
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that; the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. | ||||||||
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
A & D Corporate Group Limited | ||||||||
2. TANGIBLE FIXED ASSETS | |||||||||||
Land And | Plant and | ||||||||||
Buildings | Machinery | Equipment | Motor Cars | Total | |||||||
£ | £ | £ | £ | £ | |||||||
Cost | |||||||||||
At 31/10/2022 | 2,200 | 625,669 | 2,778 | 100,926 | 731,573 | ||||||
Additions | - | 29,970 | - | 123,790 | 153,760 | ||||||
Disposals | - | (167,139) | - | (100,925) | (268,064) | ||||||
At 29/10/2023 | 2,200 | 488,500 | 2,778 | 123,791 | 617,269 | ||||||
Depreciation | |||||||||||
At 31/10/2022 | 1,370 | 407,454 | 926 | 75,694 | 485,444 | ||||||
Disposals | - | (161,952) | - | (75,694) | (237,646) | ||||||
For the 364 day period | 124 | 62,046 | 926 | 30,947 | 94,043 | ||||||
At 29/10/2023 | 1,494 | 307,548 | 1,852 | 30,947 | 341,841 | ||||||
Net Book Amounts | |||||||||||
At 29/10/2023 | 275,428 | ||||||||||
At 30/10/2022 | 246,129 | ||||||||||
Included within plant and machinery and motor vehicels are tangible fixed assets held on hire purchase agreements. The original purchase price of the assets is £258,699, whilst the accumulated depreciation charge re these assets amounts to £96,019. Of this depreciation amount, £54,224 was charged during the year. | |||||||||||
3. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 31/10/2022 | 24,055 | 24,055 | |||||||
At 29/10/2023 | 24,055 | 24,055 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 29/10/2023 | 24,055 | 24,055 | |||||||
At 30/10/2022 | 24,055 | 24,055 | |||||||
At the balance sheet date the company held 50% (2022: 50%) of the issued share capital of Lucy Humphreys Beauty Limited, a company incorporated in England and Wales. | |||||||||
Lucy Humphreys Beauty Limited made a profit in the year to 31 March 2024 of £15,762 (2023: £31,079) and had reserves of £nil (2023: -£617). | |||||||||
A & D Corporate Group Limited | ||||||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 31/10/2022 | 498,761 | 498,761 | ||||||
At 29/10/2023 | 498,761 | 498,761 | ||||||
The company acquired a number of investment properties a couple of years ago. The directors have revalued the properties on a fair value basis and have concluded that at this point in time historic cost equates to the properties current market value. | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 818,293 | 856,974 | ||||||
VAT | - | 26,683 | ||||||
Other debtors | 753,755 | 752,224 | ||||||
Directors current account | 142,038 | 64,849 | ||||||
1,714,086 | 1,700,730 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 69,926 | 15,578 | ||||||
VAT | 47,853 | - | ||||||
PAYE control | 493,878 | 566,987 | ||||||
Loans | 50,000 | 80,000 | ||||||
Hire purchase | 26,604 | 90,744 | ||||||
Trade creditors | 94,949 | 156,559 | ||||||
Accruals | 16,062 | 13,500 | ||||||
799,272 | 923,368 | |||||||
A & D Corporate Group Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 87,500 | 137,500 | ||||||
Loans >1yr | 296,999 | 296,955 | ||||||
Hire purchase >1yr | 96,826 | 28,042 | ||||||
481,325 | 462,497 | |||||||
Hire purchase creditors have a charge over the asset, for which the finance has been raised. Whilst the mortgages taken out by the company have a charge against the investment properties against which the mortgage has been raised. | ||||||||
8. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 18 | |||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 44,863 | 30,685 | ||||||
44,863 | 30,685 | |||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1000 | 1000 | |||||||
1,000 | 1,000 | |||||||
11. CONTROLLING PARTY | ||||||||
No one individual has control of the company. | ||||||||
A & D Corporate Group Limited | ||||||||
12. GROUP ACCOUNTS | ||||||||
The company is exempt from preparing group accounts on the basis that it is a small group. | ||||||||
13. GENERAL INFORMATION | ||||||||
A & D Corporate Group Limited is a private company limited by shares incorporated in England and Wales, company number 09137878. The registered office is Pennyhooks Farmhouse, Pennyhooks, Swindon, Wiltshire SN6 8EX. | ||||||||