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REGISTERED NUMBER: 10399202 (England and Wales)












Financial Statements

for the Year Ended 30th September 2024

for

ADAPTIT CONSTRUCTION LIMITED

ADAPTIT CONSTRUCTION LIMITED (REGISTERED NUMBER: 10399202)

Contents of the Financial Statements
for the year ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAPTIT CONSTRUCTION LIMITED

Company Information
for the year ended 30th September 2024







DIRECTORS: D M Standley
Ms R G Thomas
J M Standley





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 10399202 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

ADAPTIT CONSTRUCTION LIMITED (REGISTERED NUMBER: 10399202)

Balance Sheet
30th September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,959 16,865

CURRENT ASSETS
Debtors 5 19,728 25,202
Cash at bank and in hand 52,124 9,914
71,852 35,116
CREDITORS
Amounts falling due within one year 6 51,995 20,889
NET CURRENT ASSETS 19,857 14,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,816

31,092

CREDITORS
Amounts falling due after more than one year 7 (18,476 ) (22,364 )

PROVISIONS FOR LIABILITIES (8,489 ) (3,204 )
NET ASSETS 26,851 5,524

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 26,750 5,423
SHAREHOLDERS' FUNDS 26,851 5,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

ADAPTIT CONSTRUCTION LIMITED (REGISTERED NUMBER: 10399202)

Balance Sheet - continued
30th September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th February 2025 and were signed on its behalf by:





D M Standley - Director


ADAPTIT CONSTRUCTION LIMITED (REGISTERED NUMBER: 10399202)

Notes to the Financial Statements
for the year ended 30th September 2024


1. STATUTORY INFORMATION

ADAPTIT CONSTRUCTION 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ADAPTIT CONSTRUCTION LIMITED (REGISTERED NUMBER: 10399202)

Notes to the Financial Statements - continued
for the year ended 30th September 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 16,093 1,414 19,977 2,298 39,782
Additions 5,252 - 24,065 885 30,202
At 30th September 2024 21,345 1,414 44,042 3,183 69,984
DEPRECIATION
At 1st October 2023 9,140 870 11,549 1,358 22,917
Charge for year 3,051 135 9,466 456 13,108
At 30th September 2024 12,191 1,005 21,015 1,814 36,025
NET BOOK VALUE
At 30th September 2024 9,154 409 23,027 1,369 33,959
At 30th September 2023 6,953 544 8,428 940 16,865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 2,095 16,453
Other debtors 17,633 8,749
19,728 25,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 3,888 3,888
Trade creditors 24,261 2,584
Taxation and social security 10,057 11,151
Other creditors 13,789 3,266
51,995 20,889

ADAPTIT CONSTRUCTION LIMITED (REGISTERED NUMBER: 10399202)

Notes to the Financial Statements - continued
for the year ended 30th September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 18,476 22,364

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,924 6,812

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
80 'A' Ordinary £1 80 80
10 'B' Ordinary £1 10 10
10 'C' Ordinary £1 10 10
1 'D' Ordinary £1 1 1
101 101

9. ULTIMATE CONTROLLING PARTY

The controlling party is D M Standley.