0 Adn Group Ltd 14961368 false 2023-06-26 2024-06-30 2024-06-30 The principal activity of the company is Other retail sale not in stores, stalls or markets Digita Accounts Production Advanced 6.30.9574.0 true true 14961368 2023-06-26 2024-06-30 14961368 2024-06-30 14961368 bus:OrdinaryShareClass1 2024-06-30 14961368 core:CurrentFinancialInstruments 2024-06-30 14961368 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14961368 core:Non-currentFinancialInstruments 2024-06-30 14961368 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 14961368 core:OtherResidualIntangibleAssets 2024-06-30 14961368 bus:SmallEntities 2023-06-26 2024-06-30 14961368 bus:AuditExemptWithAccountantsReport 2023-06-26 2024-06-30 14961368 bus:FilletedAccounts 2023-06-26 2024-06-30 14961368 bus:SmallCompaniesRegimeForAccounts 2023-06-26 2024-06-30 14961368 bus:RegisteredOffice 2023-06-26 2024-06-30 14961368 bus:Director2 2023-06-26 2024-06-30 14961368 bus:OrdinaryShareClass1 2023-06-26 2024-06-30 14961368 bus:PrivateLimitedCompanyLtd 2023-06-26 2024-06-30 14961368 core:IntangibleAssetsOtherThanGoodwill 2023-06-26 2024-06-30 14961368 core:OtherResidualIntangibleAssets 2023-06-26 2024-06-30 14961368 1 2023-06-26 2024-06-30 14961368 countries:EnglandWales 2023-06-26 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 14961368

Adn Group Ltd

trading as ADN Group Limited

Unaudited Filleted Financial Statements

for the Period from 26 June 2023 to 30 June 2024

 

Adn Group Ltd

trading as ADN Group Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Adn Group Ltd

trading as ADN Group Limited

(Registration number: 14961368)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

453

Current assets

 

Debtors

5

6,903

Cash at bank and in hand

 

10

 

6,913

Creditors: Amounts falling due within one year

6

(9,705)

Net current liabilities

 

(2,792)

Total assets less current liabilities

 

(2,339)

Creditors: Amounts falling due after more than one year

6

(54,625)

Net liabilities

 

(56,964)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(57,064)

Shareholders' deficit

 

(56,964)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 January 2025
 

 

Adn Group Ltd

trading as ADN Group Limited

(Registration number: 14961368)
Balance Sheet as at 30 June 2024

.........................................
Mr Idnan Malik
Director

 

Adn Group Ltd

trading as ADN Group Limited

Notes to the Unaudited Financial Statements for the Period from 26 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the director on 17 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts cover a period longer than a year due to incorporation in the period.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Adn Group Ltd

trading as ADN Group Limited

Notes to the Unaudited Financial Statements for the Period from 26 June 2023 to 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Adn Group Ltd

trading as ADN Group Limited

Notes to the Unaudited Financial Statements for the Period from 26 June 2023 to 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

 

Adn Group Ltd

trading as ADN Group Limited

Notes to the Unaudited Financial Statements for the Period from 26 June 2023 to 30 June 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

513

513

At 30 June 2024

513

513

Amortisation

Amortisation charge

60

60

At 30 June 2024

60

60

Carrying amount

At 30 June 2024

453

453

5

Debtors

2024
£

Trade debtors

6,903

6,903

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

2,104

Taxation and social security

6,101

Accruals and deferred income

1,500

9,705

Creditors: amounts falling due after more than one year

 

Adn Group Ltd

trading as ADN Group Limited

Notes to the Unaudited Financial Statements for the Period from 26 June 2023 to 30 June 2024

Note

2024
£

Due after one year

 

Loans and borrowings

8

54,625

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

54,625