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REGISTERED NUMBER: 02741308 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024

FOR

ADECS LIMITED

ADECS LIMITED (REGISTERED NUMBER: 02741308)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 March 2023 to 27 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADECS LIMITED

COMPANY INFORMATION
for the period 1 March 2023 to 27 February 2024







DIRECTOR: A S Bhabra



REGISTERED OFFICE: Friars House
Manor House Drive
Coventry
West Midlands
CV1 2TE



REGISTERED NUMBER: 02741308 (England and Wales)



BANKERS: National Westminster Bank
36 Earlsdon Street
Coventry
CV5 6ZZ

ADECS LIMITED (REGISTERED NUMBER: 02741308)

ABRIDGED BALANCE SHEET
27 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,609 12,769
10,609 12,769

CURRENT ASSETS
Debtors 6 138,322 172,832
Cash at bank and in hand 62,105 102,142
200,427 274,974
CREDITORS
Amounts falling due within one year 132,010 176,162
NET CURRENT ASSETS 68,417 98,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,026

111,581

CREDITORS
Amounts falling due after more than one
year

7

(31,089

)

(36,320

)

PROVISIONS FOR LIABILITIES (2,650 ) (2,426 )
NET ASSETS 45,287 72,835

CAPITAL AND RESERVES
Called up share capital 6,928 6,928
Capital redemption reserve 7,746 7,746
Retained earnings 30,613 58,161
SHAREHOLDERS' FUNDS 45,287 72,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ADECS LIMITED (REGISTERED NUMBER: 02741308)

ABRIDGED BALANCE SHEET - continued
27 February 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 27 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2024 and were signed by:





A S Bhabra - Director


ADECS LIMITED (REGISTERED NUMBER: 02741308)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 March 2023 to 27 February 2024

1. STATUTORY INFORMATION

ADECS 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.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business, and franchise fees were amortised evenly over their estimated useful lives.

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 - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance

Taxation
Taxation for the period 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 period 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.

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 period was 14 (2023 - 14 ) .

ADECS LIMITED (REGISTERED NUMBER: 02741308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 March 2023 to 27 February 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 27 February 2024 49,317
AMORTISATION
At 1 March 2023
and 27 February 2024 49,317
NET BOOK VALUE

At 27 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 27 February 2024 19,708
DEPRECIATION
At 1 March 2023 6,939
Charge for period 2,160
At 27 February 2024 9,099
NET BOOK VALUE
At 27 February 2024 10,609
At 28 February 2023 12,769

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 30,825 30,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Other loans more 5yrs instal 10,982 16,213

ADECS LIMITED (REGISTERED NUMBER: 02741308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 March 2023 to 27 February 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 6,402

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 27 February 2024 and the year ended 28 February 2023:

2024 2023
£    £   
A S Bhabra
Balance outstanding at start of period 34,736 -
Amounts advanced - 34,736
Amounts repaid (3,911 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 30,825 34,736

10. PENSION

At the period end, the company had an outstanding pension liability of £3,071 (2023: £3,291).