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REGISTERED NUMBER: 12737603 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Adcentric Ltd

Adcentric Ltd (Registered number: 12737603)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adcentric Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss V Voller
Mr P Coppen
Miss J Guarriello





REGISTERED OFFICE: Beta House Suite 2b,
Culpeper Close
Medway City Estate
Rochester
ME2 4HU





REGISTERED NUMBER: 12737603 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Adcentric Ltd (Registered number: 12737603)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,371 712

CURRENT ASSETS
Stocks 1,901 426
Debtors 5 38,446 16,980
Cash at bank 30,383 19,140
70,730 36,546
CREDITORS
Amounts falling due within one year 6 47,053 27,964
NET CURRENT ASSETS 23,677 8,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,048

9,294

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,948 9,194
26,048 9,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




Mr P Coppen - Director



Miss J Guarriello - Director


Adcentric Ltd (Registered number: 12737603)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Adcentric 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 - 1,223 1,223
Additions 1,187 773 1,960
At 31 July 2024 1,187 1,996 3,183
DEPRECIATION
At 1 August 2023 - 511 511
Charge for year 25 276 301
At 31 July 2024 25 787 812
NET BOOK VALUE
At 31 July 2024 1,162 1,209 2,371
At 31 July 2023 - 712 712

Adcentric Ltd (Registered number: 12737603)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 33,692 15,889
Other debtors 4,754 1,091
38,446 16,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 8,940 2,481
Taxation and social security 26,228 20,783
Other creditors 11,885 4,700
47,053 27,964

7. OTHER FINANCIAL COMMITMENTS

After the financial year end the company has other financial commitments of £30,473 relating to an office lease