Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11768294 Mr P M Colledge Mr R J Coombe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11768294 2023-04-30 11768294 2024-04-30 11768294 2023-05-01 2024-04-30 11768294 frs-core:CurrentFinancialInstruments 2024-04-30 11768294 frs-core:Non-currentFinancialInstruments 2024-04-30 11768294 frs-core:ShareCapital 2024-04-30 11768294 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11768294 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11768294 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11768294 frs-bus:SmallEntities 2023-05-01 2024-04-30 11768294 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11768294 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11768294 frs-bus:Director1 2023-05-01 2024-04-30 11768294 frs-bus:Director2 2023-05-01 2024-04-30 11768294 frs-core:Non-currentFinancialInstruments 1 2024-04-30 11768294 frs-countries:EnglandWales 2023-05-01 2024-04-30 11768294 2022-04-30 11768294 2023-04-30 11768294 2022-05-01 2023-04-30 11768294 frs-core:CurrentFinancialInstruments 2023-04-30 11768294 frs-core:Non-currentFinancialInstruments 2023-04-30 11768294 frs-core:ShareCapital 2023-04-30 11768294 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11768294 frs-core:Non-currentFinancialInstruments 1 2023-04-30
Registered number: 11768294
ADPAD (OKEHAMPTON) LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11768294
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 4,466,945 3,090,231
Debtors 5 567,351 670,245
Cash at bank and in hand 123,448 3,112
5,157,744 3,763,588
Creditors: Amounts Falling Due Within One Year 6 (181,577 ) (1,082,019 )
NET CURRENT ASSETS (LIABILITIES) 4,976,167 2,681,569
TOTAL ASSETS LESS CURRENT LIABILITIES 4,976,167 2,681,569
Creditors: Amounts Falling Due After More Than One Year 7 (5,066,068 ) (2,184,499 )
NET (LIABILITIES)/ASSETS (89,901 ) 497,070
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (90,001 ) 496,970
SHAREHOLDERS' FUNDS (89,901) 497,070
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr P M Colledge
Director
31/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ADPAD (OKEHAMPTON) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11768294 . The registered office is One Courtenay Park, Newton Abbot, Devon, TQ12 2HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Financial Instruments
Financial instruments are clasified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financiel liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Work in progress 4,466,945 3,090,231
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 650 11,150
Other debtors 4,524 14,073
Amounts owed by associates 562,177 645,022
567,351 670,245
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,041 449,022
Corporation tax 137,788 129,424
Other creditors 5,000 22,000
Accruals and deferred income 24,454 12,360
Amounts owed to associates 9,294 469,213
181,577 1,082,019
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 3,943,773 1,706,812
Other long term creditors 1,122,295 477,687
5,066,068 2,184,499
There are 11 charges registered, as follows:
4 with Hannard Investments Limited created 10 February 2021, 13 October 2021, 8 July 2022 and 4 July 2023.
4 with Jill Coombe created 10 February 2021, 13 October 2021, 8 July 2022 and 4 July 2023
3 with Adpad Group Limited created 10 February 2021, 13 October 2021 and 8 July 2022.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Adpad Construction LimitedThe Company incurred expenditure with Adpad Construction Ltd of £3,427,409 (2023: £2,421,242). Balance owed by Adpad Construction Ltd at Year End: £367,193 (2023: £474,443).

Adpad Construction Limited

The Company incurred expenditure with Adpad Construction Ltd of £3,427,409 (2023: £2,421,242). Balance owed by Adpad Construction Ltd at Year End: £367,193 (2023: £474,443).

Adpad Group LimitedThe Company incurred expenditure with Adpad Group Ltd of £28,704 (2023: £103,361). Balance owed from Adpad Group Ltd at Year End: £212,484 (2023: £170,579).

Adpad Group Limited

The Company incurred expenditure with Adpad Group Ltd of £28,704 (2023: £103,361). Balance owed from Adpad Group Ltd at Year End: £212,484 (2023: £170,579).

Hannard Investments LimitedBalance owed to Hannard Investments Limited: £3,943,773 (2023: £2,173,775).

Hannard Investments Limited

Balance owed to Hannard Investments Limited: £3,943,773 (2023: £2,173,775).

Mrs J CoombeBalance owed to Mrs J Coombe: £1,122,295 (2023: £477,687).

Mrs J Coombe

Balance owed to Mrs J Coombe: £1,122,295 (2023: £477,687).

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