A D Powered Access Ltd |
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Report to the director on the preparation of the unaudited statutory accounts of A D Powered Access Ltd for the period ended 31 December 2024 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A D Powered Access Ltd for the period ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
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Coalesco Accountants Ltd |
Chartered Certified Accountants |
156 Russell Drive |
Wollaton |
Nottingham |
NG8 2BE |
|
27 January 2025 |
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A D Powered Access Ltd |
Notes to the Accounts |
for the period from 1 April 2024 to 31 December 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Motor vehicles |
15% straight line |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. |
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2 |
Employees |
31/12/24 |
31/3/24 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Motor vehicles |
£ |
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Cost |
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At 1 April 2024 |
35,000 |
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Disposals |
(35,000) |
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At 31 December 2024 |
- |
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Depreciation |
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At 1 April 2024 |
21,000 |
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On disposals |
(21,000) |
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At 31 December 2024 |
- |
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Net book value |
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At 31 December 2024 |
- |
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At 31 March 2024 |
14,000 |
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4 |
Creditors: amounts falling due within one year |
31/12/24 |
31/3/24 |
£ |
£ |
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Other taxes and social security costs |
3,428 |
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(5) |
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Other creditors |
23,582 |
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40,532 |
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27,010 |
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40,527 |
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5 |
Other information |
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A D Powered Access Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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156 Russell Drive |
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Wollaton |
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Nottingham |
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NG8 2BE |