Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsetrueNo description of principal activity83100trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02269680 2023-04-01 2024-03-31 02269680 2024-03-31 02269680 2022-04-01 2023-03-31 02269680 2023-03-31 02269680 c:Director1 2023-04-01 2024-03-31 02269680 c:Director2 2023-04-01 2024-03-31 02269680 c:Director3 2023-04-01 2024-03-31 02269680 c:Director3 2024-03-31 02269680 c:Director4 2023-04-01 2024-03-31 02269680 c:Director5 2023-04-01 2024-03-31 02269680 c:RegisteredOffice 2023-04-01 2024-03-31 02269680 c:Agent1 2023-04-01 2024-03-31 02269680 d:Buildings 2023-04-01 2024-03-31 02269680 d:Buildings 2024-03-31 02269680 d:Buildings 2023-03-31 02269680 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02269680 d:MotorVehicles 2023-04-01 2024-03-31 02269680 d:MotorVehicles 2024-03-31 02269680 d:MotorVehicles 2023-03-31 02269680 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02269680 d:FurnitureFittings 2023-04-01 2024-03-31 02269680 d:FurnitureFittings 2024-03-31 02269680 d:FurnitureFittings 2023-03-31 02269680 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02269680 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02269680 d:ComputerSoftware 2024-03-31 02269680 d:ComputerSoftware 2023-03-31 02269680 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 02269680 d:FreeholdInvestmentProperty 2024-03-31 02269680 d:FreeholdInvestmentProperty 2023-03-31 02269680 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 02269680 d:CurrentFinancialInstruments 2024-03-31 02269680 d:CurrentFinancialInstruments 2023-03-31 02269680 d:Non-currentFinancialInstruments 2024-03-31 02269680 d:Non-currentFinancialInstruments 2023-03-31 02269680 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02269680 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02269680 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02269680 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02269680 d:ShareCapital 2024-03-31 02269680 d:ShareCapital 2023-03-31 02269680 d:RetainedEarningsAccumulatedLosses 2024-03-31 02269680 d:RetainedEarningsAccumulatedLosses 2023-03-31 02269680 c:FRS102 2023-04-01 2024-03-31 02269680 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02269680 c:FullAccounts 2023-04-01 2024-03-31 02269680 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02269680 d:WithinOneYear 2024-03-31 02269680 d:WithinOneYear 2023-03-31 02269680 d:BetweenOneFiveYears 2024-03-31 02269680 d:BetweenOneFiveYears 2023-03-31 02269680 d:MoreThanFiveYears 2024-03-31 02269680 d:MoreThanFiveYears 2023-03-31 02269680 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 02269680 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 02269680 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 02269680







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


ADSYST (AUTOMATION) LIMITED






































img0278.png                        

 


ADSYST (AUTOMATION) LIMITED
 


 
COMPANY INFORMATION


Directors
Mr M J Liniker 
Mrs D J Liniker 
Mr T Mosely (appointed 4 July 2024)
Mr S M Grinham 
Mr T J Liniker 




Registered number
02269680



Registered office
Yateley Lodge
1 Reading Road

Yateley

Hampshire

GU46 7AA




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Bankers
The Royal Bank of Scotland Plc
Lawrie House

Victoria Road

Farnborough

Hampshire

GU14 7NR





 


ADSYST (AUTOMATION) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


ADSYST (AUTOMATION) LIMITED
REGISTERED NUMBER:02269680



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
95,913
-

Tangible assets
 5 
1,127,886
1,080,968

Investment property
 6 
750,000
725,000

  
1,973,799
1,805,968

Current assets
  

Debtors: amounts falling due within one year
 7 
4,466,810
2,663,519

Cash at bank and in hand
  
518,184
907,653

  
4,984,994
3,571,172

Creditors: amounts falling due within one year
 8 
(3,010,046)
(1,784,196)

Net current assets
  
 
 
1,974,948
 
 
1,786,976

Total assets less current liabilities
  
3,948,747
3,592,944

Creditors: amounts falling due after more than one year
 9 
(210,000)
(330,000)

Provisions for liabilities
  

Deferred tax
  
(176,079)
(171,620)

  
 
 
(176,079)
 
 
(171,620)

Net assets
  
3,562,668
3,091,324


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
3,562,268
3,090,924

  
3,562,668
3,091,324


Page 1

 


ADSYST (AUTOMATION) LIMITED
REGISTERED NUMBER:02269680


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr M J Liniker
................................................
Mrs D J Liniker
Director
Director


Date: 14 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


ADSYST (AUTOMATION) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Adsyst (Automation) Limited is a private company limited by shares incorporated in England. The address of the registered office, which is the principal place of business, is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Software
-
5
years

Page 3

 


ADSYST (AUTOMATION) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Freehold property
-
2%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures, fittings and computer equipment
-
25%
reducing balance and straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

  
2.7

Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial 
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans 
to related parties and investments in non-puttable ordinary shares. 


3.


Employees

The average monthly number of employees, including directors, during the year was 100 (2023 - 83).

Page 4

 


ADSYST (AUTOMATION) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Computer software

£



Cost


Additions
104,686



At 31 March 2024

104,686



Amortisation


Charge for the year on owned assets
8,773



At 31 March 2024

8,773



Net book value



At 31 March 2024
95,913



At 31 March 2023
-



Page 5

 


ADSYST (AUTOMATION) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures, fittings and computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
1,028,203
233,939
170,907
1,433,049


Additions
28,750
35,410
71,896
136,056


Disposals
-
(5,800)
-
(5,800)



At 31 March 2024

1,056,953
263,549
242,803
1,563,305



Depreciation


At 1 April 2023
170,994
98,444
82,643
352,081


Charge for the year on owned assets
12,125
34,585
39,369
86,079


Disposals
-
(2,741)
-
(2,741)



At 31 March 2024

183,119
130,288
122,012
435,419



Net book value



At 31 March 2024
873,834
133,261
120,791
1,127,886



At 31 March 2023
857,209
135,495
88,264
1,080,968

Page 6

 


ADSYST (AUTOMATION) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
725,000


Surplus on revaluation
25,000



At 31 March 2024
750,000

The  valuations were made by the directors, on an open market value for existing use basis.



At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




7.


Debtors

2024
2023
£
£


Trade debtors
4,082,650
2,420,202

Other debtors
29,664
13,957

Prepayments and accrued income
354,496
229,360

4,466,810
2,663,519





8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
120,000
120,000

Trade creditors
1,626,805
837,999

Corporation tax
283,098
147,241

Other taxation and social security
440,397
274,714

Other creditors
349,197
96,296

Accruals and deferred income
190,549
307,946

3,010,046
1,784,196


Page 7

 


ADSYST (AUTOMATION) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
210,000
330,000

210,000
330,000



10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
298,314
164,355

Later than 1 year and not later than 5 years
828,478
392,962

Later than 5 years
1,076,279
750,828

2,203,071
1,308,145

 
Page 8