REGISTERED NUMBER: |
Financial Statements for the Period 31st July 2023 to 30th June 2024 |
for |
ADP Consulting & Engineering Ltd |
REGISTERED NUMBER: |
Financial Statements for the Period 31st July 2023 to 30th June 2024 |
for |
ADP Consulting & Engineering Ltd |
ADP Consulting & Engineering Ltd (Registered number: 15037748) |
Contents of the Financial Statements |
for the Period 31st July 2023 to 30th June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ADP Consulting & Engineering Ltd |
Company Information |
for the Period 31st July 2023 to 30th June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & Statutory Auditors |
29a Crown Street |
Brentwood |
Essex |
CM14 4BA |
ADP Consulting & Engineering Ltd (Registered number: 15037748) |
Balance Sheet |
30th June 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
ADP Consulting & Engineering Ltd (Registered number: 15037748) |
Notes to the Financial Statements |
for the Period 31st July 2023 to 30th June 2024 |
1. | STATUTORY INFORMATION |
ADP Consulting & Engineering Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
This assumes continuity of normal business activities and the realisation of assets and the settlement of liabilities in the ordinary course of business. |
Notwithstanding net liabilities of £285,769 as at 30th June 2024 the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. |
The ultimate parent company, ADP Consulting Pty Ltd, a company incorporated in Australia, has confirmed that it will continue to provide on-going financial support to the company by way of its loan whilst it becomes established in the UK market and as such, will allow the company to continue to meet its liabilities as they fall due. |
ADP Consulting Pty Ltd will not seek repayment of the loan amounts currently due, which as at 30th June 2024 amounted to £426,477 within 12-months of the balance sheet date. |
Revenue recognition |
Revenue comprises fees receivable in respect of the sales value of services provided and performed during the year, excluding value added tax. Fees expected to be recoverable for services that had been performed but were not invoiced at the year-end are classified as 'amounts recoverable on contracts' and are separately disclosed within debtors. Fees received for services that had not been performed at the year-end are classified as 'payments on account' and are separately disclosed within creditors. |
Tangible fixed assets |
Office equipment - 25% on cost |
Taxation |
Taxation for the period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
ADP Consulting & Engineering Ltd (Registered number: 15037748) |
Notes to the Financial Statements - continued |
for the Period 31st July 2023 to 30th June 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30th June 2024 |
DEPRECIATION |
Charge for period |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts recoverable on contracts |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Payments on account |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Amounts owed to group undertakings |
ADP Consulting & Engineering Ltd (Registered number: 15037748) |
Notes to the Financial Statements - continued |
for the Period 31st July 2023 to 30th June 2024 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 100 |
100 Ordinary shares of 1 each were allotted and fully paid for |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
During the year ADP Consulting Pty Ltd charged project and overhead costs to the company amounting to £132,985. |
Also during the year the company recharged overhead costs to ADP Consulting Pty Ltd amounting to £28,404. |
During the year ADP Consulting Pty Ltd advanced a loan to the company on which interest at varying rates amounting to £4,596 was charged. The balance due by the company to ADP Consulting Pty Ltd at 30th June 2024 amounted to £426,477 and is not repayable before 30th June 2025. |
12. | POST BALANCE SHEET EVENTS |
In February 2025 the ADP Group, including ADP Consulting & Engineering Ltd, was acquired by the Ayesa Engineering Holdco Australia Pty Ltd. |
There have been no changes to the directors or management team of the company since the change of ownership. |
13. | ULTIMATE CONTROLLING PARTY |
The directors confirm that at the balance sheet date the company's ultimate parent company was ADP Consulting Pty Ltd, a company incorporated in Australia. There is no single entity having an overall controlling interest in ADP Consulting Pty Ltd. |
The registered office of the ultimate parent is Level 13, 55 Collins St, Melbourne VIC 3000, Australia. |