1 January 2024 false No description of principal activity Taxfiler 2024.6 10205423business:PrivateLimitedCompanyLtd2024-01-012024-12-31 102054232023-12-31 102054232024-01-012024-12-31 10205423business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 10205423business:FilletedAccounts2024-01-012024-12-31 102054232024-12-31 10205423business:Director12024-01-012024-12-31 10205423business:RegisteredOffice2024-01-012024-12-31 102054232023-12-31 10205423core:WithinOneYear2024-12-31 10205423core:WithinOneYear2023-12-31 10205423core:AfterOneYear2024-12-31 10205423core:AfterOneYear2023-12-31 10205423core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 10205423core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10205423core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 10205423core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 10205423core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 10205423core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10205423core:PreviouslyStatedAmount2024-12-31 10205423core:PreviouslyStatedAmount2023-12-31 10205423business:SmallEntities2024-01-012024-12-31 10205423countries:EnglandWales2024-01-012024-12-31 10205423core:LandBuildings2024-01-012024-12-31 10205423core:PlantMachinery2024-01-012024-12-31 10205423core:MotorVehicles2024-01-012024-12-31 10205423core:FurnitureFittings2024-01-012024-12-31 10205423core:ComputerEquipment2024-01-012024-12-31 10205423core:PlantMachinery2023-12-31 10205423core:ComputerEquipment2023-12-31 10205423core:PlantMachinery2024-12-31 10205423core:ComputerEquipment2024-12-31 102054232023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10205423 (England and Wales)
Addition Financial Limited Unaudited accounts for the year ended 31 December 2024
Addition Financial Limited Company Information for the year ended 31 December 2024
Director
Graham Davies
Company Number
10205423 (England and Wales)
Registered Office
One Lyric Square London W6 0NB
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Addition Financial Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,838 
12,961 
Current assets
Debtors
164,752 
63,238 
Cash at bank and in hand
233,266 
262,167 
398,018 
325,405 
Creditors: amounts falling due within one year
(139,723)
(87,588)
Net current assets
258,295 
237,817 
Total assets less current liabilities
267,133 
250,778 
Creditors: amounts falling due after more than one year
- 
(35,289)
Net assets
267,133 
215,489 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
253,034 
253,034 
Profit and loss account
13,099 
(38,545)
Shareholders' funds
267,133 
215,489 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 28 April 2025 and were signed on its behalf by
Graham Davies Director Company Registration No. 10205423
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Addition Financial Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Addition Financial Limited is a private company, limited by shares, registered in England and Wales, registration number 10205423. The registered office is One Lyric Square, London, W6 0NB.
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:
Land & buildings
10 Years
Plant & machinery
5 Years
Motor vehicles
5 Years
Fixtures & fittings
5 Years
Computer equipment
3 Years
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
13,020 
7,594 
20,614 
At 31 December 2024
13,020 
7,594 
20,614 
Depreciation
At 1 January 2024
7,653 
- 
7,653 
Charge for the year
4,123 
- 
4,123 
At 31 December 2024
11,776 
- 
11,776 
Net book value
At 31 December 2024
1,244 
7,594 
8,838 
At 31 December 2023
5,367 
7,594 
12,961 
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Addition Financial Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
56,403 
52,143 
Accrued income and prepayments
81,568 
11,095 
Other debtors
26,781 
- 
164,752 
63,238 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
28,439 
- 
VAT
48,213 
56,204 
Trade creditors
8,427 
24,240 
Taxes and social security
(26,630)
(25,424)
Other creditors
81,274 
1,152 
Loans from directors
- 
1,916 
Accruals
- 
29,500 
139,723 
87,588 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
35,289 
8
Average number of employees
During the year the average number of employees was 16 (2023: 16).
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