Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10977654 Mr P M Colledge Adpad Group Limited One Courtenay Park, Newton Abbot, TQ12 2HD true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10977654 2023-04-30 10977654 2024-04-30 10977654 2023-05-01 2024-04-30 10977654 frs-core:CurrentFinancialInstruments 2024-04-30 10977654 frs-core:ShareCapital 2024-04-30 10977654 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10977654 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10977654 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10977654 frs-bus:SmallEntities 2023-05-01 2024-04-30 10977654 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10977654 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10977654 1 2023-05-01 2024-04-30 10977654 frs-bus:Director1 2023-05-01 2024-04-30 10977654 frs-countries:EnglandWales 2023-05-01 2024-04-30 10977654 2022-04-30 10977654 2023-04-30 10977654 2022-05-01 2023-04-30 10977654 frs-core:CurrentFinancialInstruments 2023-04-30 10977654 frs-core:ShareCapital 2023-04-30 10977654 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10977654 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 10977654
ADPAD (BRIXTON) LTD
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10977654
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 400,000
Debtors 5 146,352 173,619
Cash at bank and in hand 9,115 12,869
155,467 586,488
Creditors: Amounts Falling Due Within One Year 6 (109,655 ) (528,784 )
NET CURRENT ASSETS (LIABILITIES) 45,812 57,704
TOTAL ASSETS LESS CURRENT LIABILITIES 45,812 57,704
NET ASSETS 45,812 57,704
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 45,712 57,604
SHAREHOLDERS' FUNDS 45,812 57,704
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For the year ending 30 April 2024 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 director acknowledges his 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 Income Statement.
On behalf of the board
Mr P M Colledge
Director
17/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ADPAD (BRIXTON) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10977654 . The registered office is One Courtenay Park, Newton Abbot, Devon, TQ12 2HD.
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.
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. 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.
2.4. Financial Instruments
Financial instruments are clasified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financiel 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Stocks
2024 2023
£ £
Work in progress - 400,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 12,337
Other debtors 6,750 6,750
Corporation tax recoverable assets 2,839 -
VAT 762 154,532
Amounts owed by group undertakings 136,001 -
146,352 173,619
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,991 214,654
Corporation tax - 13,948
Other creditors - 1,000
Accruals 2,233 55,480
Amounts owed to parent undertaking - 243,702
Amounts owed to related parties 103,431 -
109,655 528,784
There are five charges registered, two from Chishomes Limited created on 16 October 2019 and 20 April 2021, and two from Close Brothers Limited, both created on 28 May 2021.  A charge was also created on 17 February 2022 with Principality Building Society.
All loans relating to the above have been repaid.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Adpad Group LimitedParentThe Company incurred expenditure from Adpad Group Limited totalling £Nil (2023: £2,421,876). The balance owed from Adpad Group Limited was £136,001 (2023: Owed to Adpad Group Limited £243,702).

Adpad Group Limited

Parent

The Company incurred expenditure from Adpad Group Limited totalling £Nil (2023: £2,421,876). The balance owed from Adpad Group Limited was £136,001 (2023: Owed to Adpad Group Limited £243,702).

Adpad Construction LimitedAssociateThe Company incurred expenditure from Adpad Construction Limited totalling £102,813 (2023: £1,562,431). The balance owed to Adpad Construction Limited was £102,183 (2023: Owed to Adpad Construction Limited £Nil)

Adpad Construction Limited

Associate

The Company incurred expenditure from Adpad Construction Limited totalling £102,813 (2023: £1,562,431). The balance owed to Adpad Construction Limited was £102,183 (2023: Owed to Adpad Construction Limited £Nil)

Barley Meadows (Brixton) LimitedAssociateThe Company received monies from Barley Meadows (Brixton) totalling £1,248 (2023: £Nil). The balance owed to Barley Medows (Brixton) Limited was £1,248 (2023: £Nil)

Barley Meadows (Brixton) Limited

Associate

The Company received monies from Barley Meadows (Brixton) totalling £1,248 (2023: £Nil). The balance owed to Barley Medows (Brixton) Limited was £1,248 (2023: £Nil)

9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Adpad Group Limited . Adpad Group Limited was incorporated in England.
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