Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-31131469112024-03-312023-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13146911 2023-04-01 2024-03-31 13146911 2022-04-01 2023-03-31 13146911 2024-03-31 13146911 2023-03-31 13146911 c:Director1 2023-04-01 2024-03-31 13146911 d:CurrentFinancialInstruments 2024-03-31 13146911 d:CurrentFinancialInstruments 2023-03-31 13146911 d:Non-currentFinancialInstruments 2024-03-31 13146911 d:Non-currentFinancialInstruments 2023-03-31 13146911 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13146911 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13146911 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13146911 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13146911 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 13146911 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13146911 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 13146911 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13146911 d:ShareCapital 2024-03-31 13146911 d:ShareCapital 2023-03-31 13146911 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13146911 d:RetainedEarningsAccumulatedLosses 2024-03-31 13146911 d:RetainedEarningsAccumulatedLosses 2023-03-31 13146911 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13146911 c:OrdinaryShareClass1 2024-03-31 13146911 c:OrdinaryShareClass1 2023-03-31 13146911 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13146911 c:OrdinaryShareClass2 2024-03-31 13146911 c:OrdinaryShareClass2 2023-03-31 13146911 c:OrdinaryShareClass3 2023-04-01 2024-03-31 13146911 c:OrdinaryShareClass3 2024-03-31 13146911 c:OrdinaryShareClass3 2023-03-31 13146911 c:OrdinaryShareClass4 2023-04-01 2024-03-31 13146911 c:OrdinaryShareClass4 2024-03-31 13146911 c:OrdinaryShareClass4 2023-03-31 13146911 c:FRS102 2023-04-01 2024-03-31 13146911 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13146911 c:FullAccounts 2023-04-01 2024-03-31 13146911 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13146911 6 2023-04-01 2024-03-31 13146911 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure



















Advanced Dynamics Group Limited

Registered number: 13146911
Information for filing with the Registrar
For the year ended 31 March 2024

 
 13146911
31 March 2024
ADVANCED DYNAMICS GROUP LIMITED
REGISTERED NUMBER: 13146911

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,655,239
2,655,239

  
2,655,239
2,655,239

Current assets
  

Debtors: amounts falling due within one year
 5 
1,146,703
639,140

  
1,146,703
639,140

Creditors: amounts falling due within one year
 6 
(3,247,864)
(2,613,742)

Net current liabilities
  
 
 
(2,101,161)
 
 
(1,974,602)

Total assets less current liabilities
  
554,078
680,637

Creditors: amounts falling due after more than one year
 7 
(466,729)
(635,092)

  

Net assets
  
87,349
45,545


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
 10 
87,149
45,345

  
87,349
45,545


- 1 -

 
 13146911
31 March 2024
ADVANCED DYNAMICS GROUP LIMITED
REGISTERED NUMBER: 13146911
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 statement of comprehensive income 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 on 14 February 2025.



M I Little
Director

The notes on pages 3 to 7 form part of these financial statements.

- 2 -

 
 13146911
31 March 2024
ADVANCED DYNAMICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Advanced Dynamics Group Limited is a private company, limited by shares and registered in England and Wales, registered number 13146911. The registered office is Unit 3, 606 Industrial Park Staithgate Lane, Bradford, West Yorkshire, BD6 1YA.
The principal activity of the Company is that of a holding company.
These financial statements have been presented in pound sterling which is the functional currency of the company, and rounded to the nearest £.

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 Section 1A Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, consider the use of the going concern basis of accounting to be appropriate.

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

- 3 -

 
 13146911
31 March 2024
ADVANCED DYNAMICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employees
2
2


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
2,655,239



At 31 March 2024
2,655,239




- 4 -

 
 13146911
31 March 2024
ADVANCED DYNAMICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
987,327
442,327

Other debtors
142,466
144,210

Tax recoverable
16,910
52,603

1,146,703
639,140


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
178,673
160,126

Amounts owed to group undertakings
1,467,964
1,088,115

Corporation tax
12,820
52,603

Other creditors
1,221,106
1,090,603

Accruals and deferred income
367,301
222,295

3,247,864
2,613,742


Amounts owed to group undertakings are unsecured interest free and repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
466,729
635,092


- 5 -

 
 13146911
31 March 2024
ADVANCED DYNAMICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
178,673
160,126

Amounts falling due 1-2 years

Bank loans
178,837
168,363

Amounts falling due 2-5 years

Bank loans
287,892
466,729


645,402
795,218


The bank loans are secured by a fixed charge over all the assets of the Company.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



600 (2023 - 600) Ordinary A shares of £0.10 each
60
60
400 (2023 - 400) Ordinary B shares of £0.10 each
40
40
400 (2023 - 400) Ordinary C shares of £0.10 each
40
40
600 (2023 - 600) Ordinary D shares of £0.10 each
60
60

200

200

Each share is entitled to one vote on any circumstances. Also each share is equally entitled to a distribution of dividends and capital.



10.


Reserves

Profit and loss account

This reserve includes the cumulative profits or losses less dividends paid.

- 6 -

 
 13146911
31 March 2024
ADVANCED DYNAMICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Contingent liabilities

As at 31 March 2024, Advanced Dynamics Limited has outstanding bank loan balances which are secured by way of fixed and floating charges over the assets of the company and the assets of other group companies as follows: Advanced Dynamics Group Limited and Advanced Dynamics Holdings Limited. 


12.


Related party transactions

The Company has taken advantage of the exemption permitted by Section 33 'Related Party Disclosures' not to provide disclosures of transactions entered into with wholly owned subsidiaries within the group.
Amounts owed to directors at the year end totalled £116,066 (2023: £Nil) and amounts owed by directors at the year end totalled £60,654 (2023: £122,110). During the period interest of £9,323 (2023: £10,097) was charged on these loans.
Included within other creditors are amounts owed to family members of the directors which amounted to £1,105,040 (2023: £1,090,603) and within other debtors amounts owed by family members of the directors which amounted to £81,812 (2023: £22,100). During the period interest of £135,683 (2023: £150,612) was charged on these loans.


13.


Controlling party

The ultimate controlling party is T Smith and M Smith.

 
- 7 -