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REGISTERED NUMBER: 08616088 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

ADG Architects Limited

ADG Architects Limited (Registered number: 08616088)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADG Architects Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J P Bell
P Jakuc





REGISTERED OFFICE: Ground Floor Suite
6 Pioneer Court
Morton Palms Business Park
DARLINGTON
Co Durham
DL1 4WD





REGISTERED NUMBER: 08616088 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

ADG Architects Limited (Registered number: 08616088)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 11,667 53,167
Tangible assets 5 19,444 7,653
31,111 60,820

CURRENT ASSETS
Stocks 6 60,000 48,000
Debtors 7 580,859 610,039
Cash at bank and in hand 53,089 153,949
693,948 811,988
CREDITORS
Amounts falling due within one year 8 (234,414 ) (247,999 )
NET CURRENT ASSETS 459,534 563,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,645

624,809

CREDITORS
Amounts falling due after more than one
year

9

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES 11 (4,763 ) (1,590 )
NET ASSETS 473,382 600,719

CAPITAL AND RESERVES
Called up share capital 12 154 154
Share premium 3,556 3,556
Capital redemption reserve 50 50
Retained earnings 469,622 596,959
SHAREHOLDERS' FUNDS 473,382 600,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADG Architects Limited (Registered number: 08616088)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





J P Bell - Director


ADG Architects Limited (Registered number: 08616088)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

ADG Architects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales.

Income Recognition
Income is recognised when a contract for the sale of services is determined as unconditional.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2013 and 2017, is being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulative depreciation and impairment.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ADG Architects Limited (Registered number: 08616088)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 435,000
AMORTISATION
At 1 August 2023 381,833
Amortisation for year 41,500
At 31 July 2024 423,333
NET BOOK VALUE
At 31 July 2024 11,667
At 31 July 2023 53,167

ADG Architects Limited (Registered number: 08616088)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 August 2023 48,877
Additions 21,515
At 31 July 2024 70,392
DEPRECIATION
At 1 August 2023 41,224
Charge for year 9,724
At 31 July 2024 50,948
NET BOOK VALUE
At 31 July 2024 19,444
At 31 July 2023 7,653

6. STOCKS
2024 2023
£    £   
Work-in-progress 60,000 48,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 342,095 381,925
Other debtors 23,272 26,230
Directors' current accounts 200,885 178,399
Tax asset - 17,045
Prepayments and accrued income 14,607 6,440
580,859 610,039

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 61,107 31,181
Taxation and social security 136,554 190,641
Other creditors 10,851 1,562
Accruals and deferred income 15,902 14,615
234,414 247,999

ADG Architects Limited (Registered number: 08616088)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
12,500 22,500

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,006 33,123
Between one and five years 22,044 40,470
44,050 73,593

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,763 1,590

Deferred
tax
£   
Balance at 1 August 2023 1,590
Accelerated capital allowances 3,173
Balance at 31 July 2024 4,763

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Nominal 2024 2023
Number: Class: value: £ £

151 Ordinary £1 151 151
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
154 154

Ordinary, Ordinary A & Ordinary B shares all rank pari passu with full rights.
Ordinary C shares are limited to voting and equity rights.

ADG Architects Limited (Registered number: 08616088)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
J P Bell
Balance outstanding at start of year 178,397 117,233
Amounts advanced 228,078 218,364
Amounts repaid (205,590 ) (157,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,885 178,397

J Blackwell
Balance outstanding at start of year - 9,377
Amounts repaid - (9,377 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

P Jakuc
Balance outstanding at start of year - -
Amounts advanced 80,000 -
Amounts repaid (80,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -