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ADZACTLI LTD

Registered Number
14690010
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

ADZACTLI LTD
Company Information
for the period from 1 March 2024 to 31 December 2024

Directors

GATTEN, Thomas Piers
HAMMOND, Oliver Nicholas

Registered Address

7 Longfellow Avenue
Bath
BA2 4SJ

Registered Number

14690010 (England and Wales)
ADZACTLI LTD
Balance Sheet as at
31 December 2024

Notes

31 Dec 2024

29 Feb 2024

£

£

£

£

Fixed assets
Intangible assets32,1472,147
Tangible assets42,2833,913
4,4306,060
Current assets
Debtors566,273386,804
Cash at bank and on hand340,568750,256
406,8411,137,060
Creditors amounts falling due within one year6(83,149)(83,152)
Net current assets (liabilities)323,6921,053,908
Total assets less current liabilities328,1221,059,968
Provisions for liabilities(372)(372)
Net assets327,7501,059,596
Capital and reserves
Called up share capital7267
Share premium2,424,7912,280,050
Profit and loss account(2,097,113)(1,220,521)
Shareholders' funds327,7501,059,596
The financial statements were approved and authorised for issue by the Board of Directors on 30 April 2025, and are signed on its behalf by:
GATTEN, Thomas Piers
Director
Registered Company No. 14690010
ADZACTLI LTD
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Other intangible assets are intellectual property, client list and work in progress acquired.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242024
Average number of employees during the year1518
3.Intangible assets

Total

£
Cost or valuation
At 01 March 242,147
At 31 December 242,147
Net book value
At 31 December 242,147
At 29 February 242,147
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 245,870
At 31 December 245,870
Depreciation and impairment
At 01 March 241,957
Charge for year1,630
At 31 December 243,587
Net book value
At 31 December 242,283
At 29 February 243,913
5.Debtors: amounts due within one year

2024

2024

££
Trade debtors / trade receivables3,91211,237
Other debtors56,334358,281
Prepayments and accrued income6,02717,286
Total66,273386,804
6.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables2,9395,584
Taxation and social security41,03543,800
Other creditors6,3098,873
Accrued liabilities and deferred income32,86624,895
Total83,14983,152