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COMPANY REGISTRATION NUMBER: 08224818
ADBE Ltd
Filleted Unaudited Financial Statements
31 March 2024
ADBE Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
8,992
Cash at bank and in hand
58,366
63,918
--------
--------
58,366
72,910
Creditors: amounts falling due within one year
6
5,103
598
--------
--------
Net current assets
53,263
72,312
--------
--------
Total assets less current liabilities
53,263
72,312
--------
--------
Net assets
53,263
72,312
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
53,262
72,311
--------
--------
Shareholders funds
53,263
72,312
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
Mr A D Beange
Director
Company registration number: 08224818
ADBE Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Cirencester, GL7 1US.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date where material.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
5. Debtors
2024
2023
£
£
Other debtors
8,992
----
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
461
Other creditors
4,642
598
-------
----
5,103
598
-------
----
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A D Beange
8,236
1,132
( 13,686)
( 4,318)
-------
-------
--------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A D Beange
( 975)
9,500
( 289)
8,236
----
-------
----
-------