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REGISTERED NUMBER: 03359561 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

ADC Entrance Solutions Limited

ADC Entrance Solutions Limited (Registered number: 03359561)






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


ADC Entrance Solutions Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M Parker
R O Parker
J K Findlay
Ms N Cheary





SECRETARY: M Parker





REGISTERED OFFICE: 2 Apex Court
Bassendale Road
Bromborough
Wirral
Merseyside
CH62 3RE





REGISTERED NUMBER: 03359561 (England and Wales)





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW

ADC Entrance Solutions Limited (Registered number: 03359561)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 792,558 674,504
792,558 674,504

CURRENT ASSETS
Stocks 442,364 493,964
Debtors 6 2,927,501 3,021,311
Cash at bank and in hand 570,663 535,363
3,940,528 4,050,638
CREDITORS
Amounts falling due within one year 7 2,091,708 2,145,139
NET CURRENT ASSETS 1,848,820 1,905,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,641,378

2,580,003

CREDITORS
Amounts falling due after more than one
year

8

(361,064

)

(365,088

)

PROVISIONS FOR LIABILITIES (148,768 ) (89,476 )
NET ASSETS 2,131,546 2,125,439

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve (279,102 ) (279,102 )
Retained earnings 2,410,598 2,404,491
SHAREHOLDERS' FUNDS 2,131,546 2,125,439

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.

ADC Entrance Solutions Limited (Registered number: 03359561)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





R O Parker - Director


ADC Entrance Solutions Limited (Registered number: 03359561)

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

1. STATUTORY INFORMATION

ADC Entrance Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is the fair value of consideration receivable of consideration received or receivable from the supply and fitting of windows and doors excluding discounts, rebated, value added tax and other sales taxes. Turnover is recognised as during the course of the contract based on measured works completed.

Intangible assets
Software Development costs are amortised over their expected 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 balance sheet date.

ADC Entrance Solutions Limited (Registered number: 03359561)

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 107 (2023 - 99 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 69,666
AMORTISATION
At 1 August 2023
and 31 July 2024 69,666
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

ADC Entrance Solutions Limited (Registered number: 03359561)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 1,660,630
Additions 315,984
Disposals (65,672 )
At 31 July 2024 1,910,942
DEPRECIATION
At 1 August 2023 986,126
Charge for year 175,522
Eliminated on disposal (43,264 )
At 31 July 2024 1,118,384
NET BOOK VALUE
At 31 July 2024 792,558
At 31 July 2023 674,504

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 611,759
Additions 263,837
Transfer to ownership (33,455 )
At 31 July 2024 842,141
DEPRECIATION
At 1 August 2023 175,100
Charge for year 123,887
Transfer to ownership (18,039 )
At 31 July 2024 280,948
NET BOOK VALUE
At 31 July 2024 561,193
At 31 July 2023 436,659

ADC Entrance Solutions Limited (Registered number: 03359561)

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 1,658,916 1,789,409
Amounts recoverable on contract 594,877 667,766
Other debtors 673,708 564,136
2,927,501 3,021,311

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 9) 167,956 135,465
Trade creditors 1,165,003 1,213,790
Taxation and social security 434,127 452,969
Other creditors 324,622 342,915
2,091,708 2,145,139

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 9) 254,135 212,704
Other creditors 106,929 152,384
361,064 365,088

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 34,646 80,101

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 167,956 135,465
Between one and five years 254,135 212,704
422,091 348,169

ADC Entrance Solutions Limited (Registered number: 03359561)

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

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 86,700 86,700
Between one and five years 405,202 433,500
In more than five years - 40,340
491,902 560,540

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 422,091 348,169

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors of the company operate a current account to which all transactions of a private nature are charged. Included within debtors is £145,680 (2023 £173,893) owed from Mr & Mrs M Parker and £106,226 (2023 £68,659) owed from Mr R O Parker. Interest of 2.25% is charged on all directors loans.