Registered number
08964174
AADI'S UK LTD
Filleted Accounts
31 March 2024
AADI'S UK LTD
Registered number: 08964174
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 22,000 22,000
Tangible assets 4 905 1,104
22,905 23,104
Current assets
Stocks 3,242 3,965
Debtors 5 9,330 69,660
Cash at bank and in hand 6,713 613
19,285 74,238
Creditors: amounts falling due within one year 6 (66,934) (95,736)
Net current liabilities (47,649) (21,498)
Total assets less current liabilities (24,744) 1,606
Creditors: amounts falling due after more than one year 7 (25,777) (26,701)
Net liabilities (50,521) (25,095)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (51,521) (26,095)
Shareholders' funds (50,521) (25,095)
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.
Rahul Vyas
Director
Approved by the board on 31 December 2024
AADI'S UK LTD
Notes to the Accounts
for the year ended 31 March 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 rendering of services is recognised by reference to the stage of completion of the contract.
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:
Fixtures, fittings, tools and equipment 18% reducing balance
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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 30,000
At 31 March 2024 30,000
Amortisation
At 1 April 2023 8,000
At 31 March 2024 8,000
Net book value
At 31 March 2024 22,000
At 31 March 2023 22,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,620
At 31 March 2024 2,620
Depreciation
At 1 April 2023 1,516
Charge for the year 199
At 31 March 2024 1,715
Net book value
At 31 March 2024 905
At 31 March 2023 1,104
5 Debtors 2024 2023
£ £
Other debtors 9,330 69,660
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,961 15,699
Trade creditors 2,749 6,864
Other taxes and social security costs 30,225 28,792
Other creditors 17,999 44,381
66,934 95,736
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,777 26,701
8 Other information
AADI'S UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
20
Berne Road
Thornton Heath
Surrey
CR7 7BG
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