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REGISTERED NUMBER: 07192381 (England and Wales)


















ADENHART (WALES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ADENHART (WALES) LIMITED (REGISTERED NUMBER: 07192381)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADENHART (WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Allen
A E Sperandeo
M P A Williams





REGISTERED OFFICE: Elfed House
Oak Tree Court, Mulberry Drive
Cardiff Gate Business Park
CARDIFF
CF23 8RS





REGISTERED NUMBER: 07192381 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

ADENHART (WALES) LIMITED (REGISTERED NUMBER: 07192381)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,011 5,528

CURRENT ASSETS
Stocks 5,225 6,340
Debtors 5 56,144 76,666
Cash at bank 41,906 98,934
103,275 181,940
CREDITORS
Amounts falling due within one year 6 (112,565 ) (136,410 )
NET CURRENT (LIABILITIES)/ASSETS (9,290 ) 45,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,721

51,058

CREDITORS
Amounts falling due after more than one
year

7

(32,661

)

(35,454

)

PROVISIONS FOR LIABILITIES (16,853 ) (18,182 )
NET LIABILITIES (31,793 ) (2,578 )

CAPITAL AND RESERVES
Called up share capital 9 104 104
Retained earnings (31,897 ) (2,682 )
SHAREHOLDERS' FUNDS (31,793 ) (2,578 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:




M Allen - Director


ADENHART (WALES) LIMITED (REGISTERED NUMBER: 07192381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Adenhart Wales 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts billed and billable in respect of work undertaken during the year in the production, installation, and maintenance of double glazed windows and similar products, excluding Value Added Tax.

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 - 10 - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 10 - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

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.

Unbilled work
Work undertaken during the year in respect of specific contracts which are not complete at the year end is valued by the directors at selling price less an allowance for work still to be completed and any unrecoverable element.This unbilled work is included in turnover and debtors.

ADENHART (WALES) LIMITED (REGISTERED NUMBER: 07192381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

Going concern
At 31 March 2024 the company had net liabilities of £31,793. However, the going concern basis of preparation of the financial statements is considered to be appropriate as the directors believe that sufficient funds will be generated to enable the company to meet its financial liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,188 18,078 458 33,724
Additions - 25,390 - 25,390
At 31 March 2024 15,188 43,468 458 59,114
DEPRECIATION
At 1 April 2023 9,660 18,078 458 28,196
Charge for year 2,320 1,587 - 3,907
At 31 March 2024 11,980 19,665 458 32,103
NET BOOK VALUE
At 31 March 2024 3,208 23,803 - 27,011
At 31 March 2023 5,528 - - 5,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,609 39,080
Unbilled work 25,535 37,586
56,144 76,666

ADENHART (WALES) LIMITED (REGISTERED NUMBER: 07192381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,363 16,364
Shareholder loans 2,186 1,492
Hire purchase contracts 3,540 -
Trade creditors 37,165 62,185
Corporation tax 31,463 32,884
Social security and other taxes 1,712 3,520
Net wages 2,264 2,264
VAT 10,167 832
Other creditors 156 7,983
Directors' current accounts 1,726 3,072
Accruals and deferred income 5,823 5,814
112,565 136,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 19,091 35,454
Hire purchase contracts 13,570 -
32,661 35,454

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 17,110 -

The hire purchase liability is secured on the associated fixed asset.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
4 Ordinary B £1 4 4
104 104