Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalse2023-05-01No description of principal activity2false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09510636 2023-05-01 2024-04-30 09510636 2022-05-01 2023-04-30 09510636 2024-04-30 09510636 2023-04-30 09510636 c:Director1 2023-05-01 2024-04-30 09510636 c:Director2 2023-05-01 2024-04-30 09510636 d:PlantMachinery 2023-05-01 2024-04-30 09510636 d:PlantMachinery 2024-04-30 09510636 d:PlantMachinery 2023-04-30 09510636 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09510636 d:OfficeEquipment 2023-05-01 2024-04-30 09510636 d:OfficeEquipment 2024-04-30 09510636 d:OfficeEquipment 2023-04-30 09510636 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09510636 d:ComputerEquipment 2023-05-01 2024-04-30 09510636 d:ComputerEquipment 2024-04-30 09510636 d:ComputerEquipment 2023-04-30 09510636 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09510636 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09510636 d:CurrentFinancialInstruments 2024-04-30 09510636 d:CurrentFinancialInstruments 2023-04-30 09510636 d:Non-currentFinancialInstruments 2024-04-30 09510636 d:Non-currentFinancialInstruments 2023-04-30 09510636 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09510636 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09510636 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 09510636 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 09510636 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 09510636 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 09510636 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 09510636 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 09510636 d:ShareCapital 2024-04-30 09510636 d:ShareCapital 2023-04-30 09510636 d:RetainedEarningsAccumulatedLosses 2024-04-30 09510636 d:RetainedEarningsAccumulatedLosses 2023-04-30 09510636 c:FRS102 2023-05-01 2024-04-30 09510636 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09510636 c:FullAccounts 2023-05-01 2024-04-30 09510636 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09510636 2 2023-05-01 2024-04-30 09510636 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09510636









ADENBUILD CONSTRUCTION LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ADENBUILD CONSTRUCTION LTD
REGISTERED NUMBER: 09510636

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,920
2,561

Current assets
  

Stocks
  
583,917
557,000

Debtors: amounts falling due within one year
 5 
684,671
683,578

Cash at bank and in hand
 6 
2,398
31,648

  
1,270,986
1,272,226

Creditors: amounts falling due within one year
 7 
(1,408,047)
(1,333,148)

Net current liabilities
  
 
 
(137,061)
 
 
(60,922)

Total assets less current liabilities
  
(135,141)
(58,361)

Creditors: amounts falling due after more than one year
 8 
(394,377)
(400,358)

  

Net liabilities
  
(529,518)
(458,719)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(529,520)
(458,721)

  
(529,518)
(458,719)


Page 1

 
ADENBUILD CONSTRUCTION LTD
REGISTERED NUMBER: 09510636
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Stark
................................................
G Sherman
Director
Director


Date: 23 January 2025
Date:23 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ADENBUILD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Adenbuild Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, 14a Sydenham Road, Croydon, Surrey, CR0 2EE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. During the year the company made a loss of £97,076 before taxation and at the balance sheet date the company had net liabilities of £548,295.
The directors and shareholders consider the going concern basis to be appropriate because in their
opinion, the company will continue to obtain sufficient funding to enable it to pay its debts as they fall due and also will receive continuing support from the director and shareholders. If the company were unable to obtain such funding, it would be unable to continue trading and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Page 3

 
ADENBUILD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
ADENBUILD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially
Page 5

 
ADENBUILD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.10

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.14

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
ADENBUILD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
7,796
1,663
4,834
14,293



At 30 April 2024

7,796
1,663
4,834
14,293



Depreciation


At 1 May 2023
6,933
416
4,383
11,732


Charge for the year on owned assets
216
312
113
641



At 30 April 2024

7,149
728
4,496
12,373



Net book value



At 30 April 2024
647
935
338
1,920



At 30 April 2023
863
1,247
451
2,561


5.


Debtors

2024
2023
£
£


Trade debtors
571,347
568,304

Other debtors
113,324
115,274

684,671
683,578



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,398
31,648


Page 7

 
ADENBUILD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
13,820
28,395

Other taxation and social security
-
30,243

Other creditors
1,394,227
1,274,510

1,408,047
1,333,148



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
394,377
400,358



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
357,500
357,500

Amounts falling due after more than 5 years

Bank loans
36,877
42,857

394,377
400,357


 
Page 8