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Registered number: 11699414
Adut Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Abacus 46 Ltd
Pegasus Court Second Floor, Suite 1
27 Herschel Street
Slough
SL1 1PA
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11699414
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 130,000 130,000
Tangible Assets 5 117,980 78,227
247,980 208,227
CURRENT ASSETS
Stocks 8,416 5,200
Debtors 6 181,665 351,142
Cash at bank and in hand 22,335 18,107
212,416 374,449
Creditors: Amounts Falling Due Within One Year (38,708 ) (130,272 )
NET CURRENT ASSETS (LIABILITIES) 173,708 244,177
TOTAL ASSETS LESS CURRENT LIABILITIES 421,688 452,404
Creditors: Amounts Falling Due After More Than One Year (315,800 ) (315,800 )
NET ASSETS 105,888 136,604
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 105,788 136,504
SHAREHOLDERS' FUNDS 105,888 136,604
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Aadil Asghar
Director
Mr Usman Murtaza Tariq
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Adut Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11699414 . The registered office is Pegasus Court Second Floor, Suite 1, 27 Herschel Street, Slough, SL1 1PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles Nil
Fixtures & Fittings 15% Reducing Balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2022: 36)
30 36
4. Intangible Assets
Total
£
Cost
As at 1 December 2022 130,000
As at 30 November 2023 130,000
Net Book Value
As at 30 November 2023 130,000
As at 1 December 2022 130,000
Page 3
Page 4
5. Tangible Assets
Total
£
Cost
As at 1 December 2022 114,977
Additions 51,487
As at 30 November 2023 166,464
Depreciation
As at 1 December 2022 36,750
Provided during the period 11,734
As at 30 November 2023 48,484
Net Book Value
As at 30 November 2023 117,980
As at 1 December 2022 78,227
6. Debtors
2023 2022
£ £
Due after more than one year
Other debtors 12,999 12,999
Interco - Oxford - 94,922
12,999 107,921
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4