Registered number
10110475
Adi Coventry Ltd
Filleted Accounts
30 April 2024
Adi Coventry Ltd
Registered number: 10110475
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 141,868 141,111
Current assets
Debtors 4 213 190
Cash at bank and in hand 1,345 62,619
1,558 62,809
Creditors: amounts falling due within one year 5 (206,037) (235,831)
Net current liabilities (204,479) (173,022)
Net liabilities (62,611) (31,911)
Capital and reserves
Called up share capital 2 2
Profit and loss account (62,613) (31,913)
Shareholders' funds (62,611) (31,911)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adrian Bartczak
Director
Approved by the board on 06.01.25
Adi Coventry Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Where material deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 140,000 1,650 14,586 156,236
Additions - 1,562 - 1,562
At 30 April 2024 140,000 3,212 14,586 157,798
Depreciation
At 1 May 2023 - 539 14,586 15,125
Charge for the year - 805 - 805
At 30 April 2024 - 1,344 14,586 15,930
Net book value
At 30 April 2024 140,000 1,868 - 141,868
At 30 April 2023 140,000 1,111 - 141,111
4 Debtors 2024 2023
£ £
Other debtors 213 190
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 6,296
Trade creditors 1,408 2,314
Taxation and social security costs 160 168
Other creditors 204,469 227,053
206,037 235,831
6 Other information
Adi Coventry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Chatham Close
Coventry
CV3 1LY
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