1 July 2023 false No description of principal activity Taxfiler 2024.6 12471071business:PrivateLimitedCompanyLtd2023-07-012024-06-30 124710712023-06-30 124710712023-07-012024-06-30 12471071business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 12471071business:FilletedAccounts2023-07-012024-06-30 124710712024-06-30 12471071business:Director12023-07-012024-06-30 12471071business:Director22023-07-012024-06-30 12471071business:Director32023-07-012024-06-30 12471071business:Director52023-07-012024-06-30 12471071business:Director62023-07-012024-06-30 12471071business:RegisteredOffice2023-07-012024-06-30 124710712023-06-30 12471071core:WithinOneYear2024-06-30 12471071core:WithinOneYear2023-06-30 12471071core:AfterOneYear2024-06-30 12471071core:AfterOneYear2023-06-30 12471071core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 12471071core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12471071core:SharePremiumcore:PreviouslyStatedAmount2024-06-30 12471071core:SharePremiumcore:PreviouslyStatedAmount2023-06-30 12471071core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 12471071core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12471071core:PreviouslyStatedAmount2024-06-30 12471071core:PreviouslyStatedAmount2023-06-30 12471071business:SmallEntities2023-07-012024-06-30 12471071countries:EnglandWales2023-07-012024-06-30 12471071core:ComputerEquipment2023-07-012024-06-30 12471071core:IntangibleAssetsOtherThanGoodwill2023-06-30 12471071core:IntangibleAssetsOtherThanGoodwill2024-06-30 12471071core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30 12471071core:FurnitureFittings2023-06-30 12471071core:ComputerEquipment2023-06-30 12471071core:FurnitureFittings2024-06-30 12471071core:ComputerEquipment2024-06-30 12471071core:FurnitureFittings2023-07-012024-06-30 12471071core:DisposalsRepaymentsInvestments2024-06-30 124710712022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12471071 (England and Wales)
Adsum Technologies Ltd Unaudited accounts for the year ended 30 June 2024
Adsum Technologies Ltd Unaudited accounts Contents
Page
- 2 -
Adsum Technologies Ltd Company Information for the year ended 30 June 2024
Directors
Justina Tartilaite Frederick John Wingfield Digby Hector Frederic Beckly Mason Sun-Hee Park Alan Vaksman
Company Number
12471071 (England and Wales)
Registered Office
1 Lyric Square Adsum Works London W6 0NB England
Accountants
ABR Chartered Accountants 37th Floor Canada Square London E14 5AA
- 3 -
Adsum Technologies Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
39,611 
60,278 
Tangible assets
12,975 
21,000 
Investments
580,001 
680,000 
632,587 
761,278 
Current assets
Debtors
482,655 
1,883,780 
Cash at bank and in hand
1,910,332 
1,157,981 
2,392,987 
3,041,761 
Creditors: amounts falling due within one year
(1,242,315)
(1,214,324)
Net current assets
1,150,672 
1,827,437 
Total assets less current liabilities
1,783,259 
2,588,715 
Creditors: amounts falling due after more than one year
(36,938)
(42,454)
Net assets
1,746,321 
2,546,261 
Capital and reserves
Called up share capital
3 
3 
Share premium
3,507,450 
3,507,450 
Profit and loss account
(1,761,132)
(961,192)
Shareholders' funds
1,746,321 
2,546,261 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by
Frederick John Wingfield Digby Director Company Registration No. 12471071
- 4 -
Adsum Technologies Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Adsum Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12471071. The registered office is 1 Lyric Square, Adsum Works, London, W6 0NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
62,000 
At 30 June 2024
62,000 
Amortisation
At 1 July 2023
1,722 
Charge for the year
20,667 
At 30 June 2024
22,389 
Net book value
At 30 June 2024
39,611 
At 30 June 2023
60,278 
- 5 -
Adsum Technologies Ltd Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
7,396 
22,117 
29,513 
At 30 June 2024
7,396 
22,117 
29,513 
Depreciation
At 1 July 2023
1,317 
7,196 
8,513 
Charge for the year
1,479 
6,546 
8,025 
At 30 June 2024
2,796 
13,742 
16,538 
Net book value
At 30 June 2024
4,600 
8,375 
12,975 
At 30 June 2023
6,079 
14,921 
21,000 
6
Investments
Other investments 
£ 
Valuation at 1 July 2023
680,000 
Disposals
(99,999)
Valuation at 30 June 2024
580,001 
These figures represent investment in subsidiaries at cost.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
460,650 
1,024,692 
Amounts due from group undertakings etc.
- 
838,776 
Accrued income and prepayments
21,993 
20,300 
Other debtors
12 
12 
482,655 
1,883,780 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
66,027 
23,675 
Trade creditors
33,425 
64,043 
Amounts owed to group undertakings and other participating interests
298,361 
- 
Taxes and social security
(6,426)
(120,025)
Other creditors
3,594 
4,401 
Loans from directors
281,991 
282,196 
Accruals
1,500 
- 
Deferred income
563,843 
960,034 
1,242,315 
1,214,324 
- 6 -
Adsum Technologies Ltd Notes to the Accounts for the year ended 30 June 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,938 
42,454 
10
Transactions with related parties
A1T1 Ltd is a fully owned subsidiary. As a result of intercompany transactions, the total amount owed to A1T1 Ltd is £363,787.34 (2023: £16,350). Adsum Ltd is a fully owned subsidiary. As a result of intercompany transactions, the total amount owed from Adsum Ltd is £65,426.65.
11
Average number of employees
During the year the average number of employees was 15 (2023: 15).
- 7 -