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Adex Care Ltd

Unaudited Financial Statements for the Year Ended 30 April 2024






Adex Care Ltd (Registered number: 08050586)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adex Care Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Adekoya
D E Adekoya





REGISTERED OFFICE: 115 Picton Road
Liverpool
Merseyside
L15 4LF





REGISTERED NUMBER: 08050586 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Adex Care Ltd (Registered number: 08050586)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 850 1,700
Tangible assets 5 37,306 46,535
Investments 6 1 1
38,157 48,236

CURRENT ASSETS
Debtors 7 104,703 177,880
Cash in hand 100 100
104,803 177,980
CREDITORS
Amounts falling due within one year 8 106,296 162,805
NET CURRENT (LIABILITIES)/ASSETS (1,493 ) 15,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,664

63,411

CREDITORS
Amounts falling due after more than one
year

9

(26,099

)

(31,152

)

PROVISIONS FOR LIABILITIES (9,886 ) (12,332 )
NET ASSETS 679 19,927

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 676 19,924
SHAREHOLDERS' FUNDS 679 19,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Adex Care Ltd (Registered number: 08050586)

Balance Sheet - continued
30 April 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 3 October 2024 and were signed on its behalf by:





M Adekoya - Director


Adex Care Ltd (Registered number: 08050586)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Adex Care Ltd 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.

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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Adex Care Ltd (Registered number: 08050586)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 42 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 3,400
AMORTISATION
At 1 May 2023 1,700
Charge for year 850
At 30 April 2024 2,550
NET BOOK VALUE
At 30 April 2024 850
At 30 April 2023 1,700

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 95,075
DEPRECIATION
At 1 May 2023 48,540
Charge for year 9,229
At 30 April 2024 57,769
NET BOOK VALUE
At 30 April 2024 37,306
At 30 April 2023 46,535

Adex Care Ltd (Registered number: 08050586)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 May 2023 1 - 1
Reclassification/transfer (1 ) 1 -
At 30 April 2024 - 1 1
NET BOOK VALUE
At 30 April 2024 - 1 1
At 30 April 2023 1 - 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,202 112,180
Amounts owed by group undertakings - 8,395
Other debtors 14,501 57,305
104,703 177,880

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,326 29,360
Trade creditors 574 1,259
Taxation and social security 73,792 128,946
Other creditors 4,604 3,240
106,296 162,805

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,099 31,152

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,892 10,945

Adex Care Ltd (Registered number: 08050586)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
M Adekoya
Balance outstanding at start of year 36,371 45,341
Amounts repaid (36,371 ) (8,970 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 36,371

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Adekoya.