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REGISTERED NUMBER: SC388883 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ADM 2010 LTD

ADM 2010 LTD (REGISTERED NUMBER: SC388883)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


ADM 2010 LTD (REGISTERED NUMBER: SC388883)

ABRIDGED BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437,153 437,153

CURRENT ASSETS
Stocks 1,467 1,467
Debtors 386,828 386,828
Cash at bank 87,011 87,011
475,306 475,306
CREDITORS
Amounts falling due within one year 276,069 276,069
NET CURRENT ASSETS 199,237 199,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,390

636,390

CREDITORS
Amounts falling due after more than one
year

5

(355,473

)

(355,473

)

PROVISIONS FOR LIABILITIES (87,723 ) (87,723 )
NET ASSETS 193,194 193,194

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 193,192 193,192
SHAREHOLDERS' FUNDS 193,194 193,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 year ended 30 November 2023 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.

ADM 2010 LTD (REGISTERED NUMBER: SC388883)

ABRIDGED BALANCE SHEET - continued
30 November 2023



The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





A D Milburn - Director


ADM 2010 LTD (REGISTERED NUMBER: SC388883)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Adm 2010 Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC388883

Registered office: Erimus House
9 Dullatur Road
Dullatur
Cumbernauld
G68 0AF

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ADM 2010 LTD (REGISTERED NUMBER: SC388883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 729,705
DEPRECIATION
At 1 December 2022
and 30 November 2023 292,552
NET BOOK VALUE
At 30 November 2023 437,153
At 30 November 2022 437,153

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 December 2022
and 30 November 2023 639,790
DEPRECIATION
At 1 December 2022
and 30 November 2023 243,426
NET BOOK VALUE
At 30 November 2023 396,364
At 30 November 2022 396,364

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.11.23 30.11.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 65,000 65,000

6. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 13,000 13,000

ADM 2010 LTD (REGISTERED NUMBER: SC388883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

6. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 13,000 13,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 39,000 39,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 65,000 65,000

7. ULTIMATE CONTROLLING PARTY

The controlling party is A D Milburn.

The ultimate controlling party is A D Milburn.