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REGISTERED NUMBER: 08014932 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ADS ELECTRICAL & MECHANICAL LIMITED

ADS ELECTRICAL & MECHANICAL LIMITED (REGISTERED NUMBER: 08014932)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADS ELECTRICAL & MECHANICAL LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: D McCormick
Mrs J A McCormick
L Rice





REGISTERED OFFICE: 21-23 Dollywaggon Way
South Rings
Bamber Bridge
Preston
Lancashire
PR5 6EW





REGISTERED NUMBER: 08014932 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

ADS ELECTRICAL & MECHANICAL LIMITED (REGISTERED NUMBER: 08014932)

BALANCE SHEET
30 April 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,971 194,138

CURRENT ASSETS
Debtors 5 376,222 239,907
Cash at bank and in hand 84,776 75,621
460,998 315,528
CREDITORS
Amounts falling due within one year 6 415,921 239,235
NET CURRENT ASSETS 45,077 76,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,048

270,431

CREDITORS
Amounts falling due after more than one
year

7

144,558

112,999
NET ASSETS 133,490 157,432

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 133,389 157,331
SHAREHOLDERS' FUNDS 133,490 157,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ADS ELECTRICAL & MECHANICAL LIMITED (REGISTERED NUMBER: 08014932)

BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





D McCormick - Director


ADS ELECTRICAL & MECHANICAL LIMITED (REGISTERED NUMBER: 08014932)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

ADS Electrical & Mechanical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ADS ELECTRICAL & MECHANICAL LIMITED (REGISTERED NUMBER: 08014932)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 May 2023 159,030 4,927 5,731
Additions - - -
Disposals - - -
At 30 April 2024 159,030 4,927 5,731
DEPRECIATION
At 1 May 2023 16,726 4,807 5,701
Charge for year 5,292 90 30
Eliminated on disposal - - -
At 30 April 2024 22,018 4,897 5,731
NET BOOK VALUE
At 30 April 2024 137,012 30 -
At 30 April 2023 142,304 120 30

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 97,265 15,582 282,535
Additions 74,445 870 75,315
Disposals (34,000 ) - (34,000 )
At 30 April 2024 137,710 16,452 323,850
DEPRECIATION
At 1 May 2023 48,556 12,607 88,397
Charge for year 24,572 1,045 31,029
Eliminated on disposal (28,547 ) - (28,547 )
At 30 April 2024 44,581 13,652 90,879
NET BOOK VALUE
At 30 April 2024 93,129 2,800 232,971
At 30 April 2023 48,709 2,975 194,138

ADS ELECTRICAL & MECHANICAL LIMITED (REGISTERED NUMBER: 08014932)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 161,460 30,569
Other debtors 157,604 203,540
Directors' loan accounts 35,463 -
Prepayments and accrued income 21,695 5,798
376,222 239,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 31,183 17,516
Trade creditors 187,680 59,319
Corporation tax 43,099 43,099
Social security and other taxes 60,555 29,527
Other creditors 79,807 36,254
Directors' loan accounts - 40,923
Accruals and deferred income 8,041 7,041
415,921 239,235

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank Loans 82,130 87,685
Hire purchase contracts 62,428 25,314
144,558 112,999

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Hire purchase contracts 93,611 42,830

Assets held under hire purchase and finance lease agreements are secured upon the assets to which they relate.

ADS ELECTRICAL & MECHANICAL LIMITED (REGISTERED NUMBER: 08014932)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
as restated
£    £   
D McCormick
Balance outstanding at start of year (40,923 ) 81,990
Amounts advanced 166,745 127,368
Amounts repaid (7,360 ) (250,281 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,462 (40,923 )

Directors' loans are interest-free.