Company registration number 07659924 (England and Wales)
AD SERIES DISPLAYS MANUFACTURING LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
AD SERIES DISPLAYS MANUFACTURING LTD.
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
AD SERIES DISPLAYS MANUFACTURING LTD. (REGISTERED NUMBER: 07659924)
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,165
10,968
Current assets
Stocks
39,450
44,109
Debtors
4
596,182
176,804
Cash at bank and in hand
114,328
13,494
749,960
234,407
Creditors: amounts falling due within one year
5
(452,818)
(134,686)
Net current assets
297,142
99,721
Total assets less current liabilities
306,307
110,689
Creditors: amounts falling due after more than one year
6
(37,139)
(57,462)
Net assets
269,168
53,227
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
269,068
53,127
Total equity
269,168
53,227

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

AD SERIES DISPLAYS MANUFACTURING LTD. (REGISTERED NUMBER: 07659924)
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
Mr M B Baker
Director
AD SERIES DISPLAYS MANUFACTURING LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

AD Series Displays Manufacturing Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 49 Eldon Way, Paddock Wood, Tonbridge, Kent, TN12 6BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- the amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

AD SERIES DISPLAYS MANUFACTURING LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
7
AD SERIES DISPLAYS MANUFACTURING LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 July 2023
6,274
23,220
29,494
Additions
-
0
212
212
At 30 June 2024
6,274
23,432
29,706
Depreciation and impairment
At 1 July 2023
5,098
13,428
18,526
Depreciation charged in the year
294
1,721
2,015
At 30 June 2024
5,392
15,149
20,541
Carrying amount
At 30 June 2024
882
8,283
9,165
At 30 June 2023
1,176
9,792
10,968
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
511,153
176,804
Other debtors
85,029
-
0
596,182
176,804
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
21,236
20,895
Trade creditors
2,170
3,255
Taxation and social security
242,294
87,857
Other creditors
187,118
22,679
452,818
134,686
AD SERIES DISPLAYS MANUFACTURING LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
37,139
57,462
2024-06-302023-07-01falsefalsefalse27 March 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr M B Baker076599242023-07-012024-06-30076599242024-06-30076599242023-06-3007659924core:PlantMachinery2024-06-3007659924core:ComputerEquipment2024-06-3007659924core:PlantMachinery2023-06-3007659924core:ComputerEquipment2023-06-3007659924core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3007659924core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3007659924core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3007659924core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3007659924core:CurrentFinancialInstruments2024-06-3007659924core:CurrentFinancialInstruments2023-06-3007659924core:ShareCapital2024-06-3007659924core:ShareCapital2023-06-3007659924core:RetainedEarningsAccumulatedLosses2024-06-3007659924core:RetainedEarningsAccumulatedLosses2023-06-3007659924bus:Director12023-07-012024-06-3007659924core:PlantMachinery2023-07-012024-06-3007659924core:ComputerEquipment2023-07-012024-06-30076599242022-07-012023-06-3007659924core:PlantMachinery2023-06-3007659924core:ComputerEquipment2023-06-30076599242023-06-3007659924core:WithinOneYear2024-06-3007659924core:WithinOneYear2023-06-3007659924core:Non-currentFinancialInstruments2024-06-3007659924core:Non-currentFinancialInstruments2023-06-3007659924bus:PrivateLimitedCompanyLtd2023-07-012024-06-3007659924bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007659924bus:FRS1022023-07-012024-06-3007659924bus:AuditExemptWithAccountantsReport2023-07-012024-06-3007659924bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP