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REGISTERED NUMBER: 09692458 (England and Wales)














Financial Statements for the Year Ended 31 July 2024

for

ADC London Limited

ADC London Limited (Registered number: 09692458)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ADC London Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr S Galea





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 09692458 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

ADC London Limited (Registered number: 09692458)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 188 282
Property, plant and equipment 5 43,113 51,130
43,301 51,412

CURRENT ASSETS
Inventories 417,957 357,052
Debtors 6 27,051 63,115
Cash at bank 207,337 213,759
652,345 633,926
CREDITORS
Amounts falling due within one year 7 (82,843 ) (45,160 )
NET CURRENT ASSETS 569,502 588,766
TOTAL ASSETS LESS CURRENT LIABILITIES 612,803 640,178

CREDITORS
Amounts falling due after more than one year 8 (4,516 ) (9,999 )

PROVISIONS FOR LIABILITIES (8,131 ) (9,235 )
NET ASSETS 600,156 620,944

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 600,154 620,942
SHAREHOLDERS' FUNDS 600,156 620,944

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 director acknowledges his 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.

ADC London Limited (Registered number: 09692458)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mr S Galea - Director


ADC London Limited (Registered number: 09692458)

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

1. STATUTORY INFORMATION

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

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ADC London Limited (Registered number: 09692458)

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 August 2023
and 31 July 2024 470
AMORTISATION
At 1 August 2023 188
Amortisation for year 94
At 31 July 2024 282
NET BOOK VALUE
At 31 July 2024 188
At 31 July 2023 282

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 10,306 33,845 33,879 16,832 94,862
Additions - 18,828 - 849 19,677
Disposals - - (33,879 ) - (33,879 )
At 31 July 2024 10,306 52,673 - 17,681 80,660
DEPRECIATION
At 1 August 2023 4,963 13,944 14,822 10,003 43,732
Charge for year 908 5,809 - 1,920 8,637
Eliminated on disposal - - (14,822 ) - (14,822 )
At 31 July 2024 5,871 19,753 - 11,923 37,547
NET BOOK VALUE
At 31 July 2024 4,435 32,920 - 5,758 43,113
At 31 July 2023 5,343 19,901 19,057 6,829 51,130

ADC London Limited (Registered number: 09692458)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 25,571 32,092
Other debtors 1,480 31,023
27,051 63,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,816 5,816
Trade creditors 56,337 38,669
Taxation and social security 17,112 377
Other creditors 3,578 298
82,843 45,160

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 4,516 9,999

9. RELATED PARTY DISCLOSURES

The Director Mr S P Galea is considered to be the key management personel.