Registered number
07641546
Aduna Limited
Filleted Accounts
31 May 2024
Aduna Limited
Registered number: 07641546
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 11,008 6,053
Tangible assets 4 3,046 1,822
14,054 7,875
Current assets
Stocks 425,284 271,188
Debtors 5 683,904 320,944
Cash at bank and in hand 344,956 312,988
1,454,144 905,120
Creditors: amounts falling due within one year 7 (661,991) (221,361)
Net current assets 792,153 683,759
Total assets less current liabilities 806,207 691,634
Creditors: amounts falling due after more than one year 8 (68,570) (141,169)
Net assets 737,637 550,465
Capital and reserves
Called up share capital 2,532 2,532
Share premium 2,604,403 2,604,403
Profit and loss account (1,869,298) (2,056,470)
Shareholders' funds 737,637 550,465
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew David Hunt
Director
Approved by the board on 16 January 2025
Aduna Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
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 (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £ £
Trademarks
Cost
At 1 June 2023 6,053 6,053
Additions 4,955 -
At 31 May 2024 11,008 6,053
Amortisation
At 31 May 2024 - -
Net book value
At 31 May 2024 11,008 -
At 31 May 2023 6,053 6,053
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Computer equipment Office equipment Show stand Total
£ £ £ £
Cost
At 1 June 2023 8,050 4,994 480 13,524
Additions 2,832 - - 2,832
At 31 May 2024 10,882 4,994 480 16,356
Depreciation
At 1 June 2023 6,229 4,993 480 11,702
Charge for the year 1,608 - - 1,608
At 31 May 2024 7,837 4,993 480 13,310
Net book value
At 31 May 2024 3,045 1 - 3,046
At 31 May 2023 1,821 1 - 1,822
5 Debtors 2024 2023
£ £
Trade debtors 349,331 148,745
Amounts owed by group undertakings and undertakings in which the company has a participating interest (1,583) 59,380
Other debtors 336,156 112,819
683,904 320,944
6 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (1,119) -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 420,427 66,051
Trade creditors 151,951 49,795
Other creditors and accruals 113,267 121,902
Other taxes and social security costs (23,654) (16,387)
661,991 221,361
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 68,570 141,169
9 Other information
Aduna Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
London
W1W 7LT
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