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REGISTERED NUMBER: 10862016 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Adapt Displays Retail Manufacturing Ltd

Adapt Displays Retail Manufacturing Ltd (Registered number: 10862016)






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


Adapt Displays Retail Manufacturing Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D A Kemble
B E M Jacobs





SECRETARY:





REGISTERED OFFICE: Unit 3a Bruntingthorpe Industrial Estate
Upper Bruntingthorpe
Lutterworth
Leicester
LE17 5QZ





REGISTERED NUMBER: 10862016 (England and Wales)





ACCOUNTANTS: SJS Accountancy Services
1 North Street
Wigston
Leicester
LE18 1PS

Adapt Displays Retail Manufacturing Ltd (Registered number: 10862016)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 241,254 149,280

CURRENT ASSETS
Stocks 22,415 18,907
Debtors 5 281,835 183,009
Cash at bank and in hand 289,474 221,148
593,724 423,064
CREDITORS
Amounts falling due within one year 6 261,108 182,842
NET CURRENT ASSETS 332,616 240,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,870

389,502

CREDITORS
Amounts falling due after more than one
year

7

165,033

85,466
NET ASSETS 408,837 304,036

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 408,637 303,936
SHAREHOLDERS' FUNDS 408,837 304,036

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.

Adapt Displays Retail Manufacturing Ltd (Registered number: 10862016)

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 12 May 2025 and were signed on its behalf by:




B E M Jacobs - Director



D A Kemble - Director


Adapt Displays Retail Manufacturing Ltd (Registered number: 10862016)

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

1. STATUTORY INFORMATION

Adapt Displays Retail Manufacturing Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Adapt Displays Retail Manufacturing Ltd (Registered number: 10862016)

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

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 251,428
Additions 154,645
At 31 July 2024 406,073
DEPRECIATION
At 1 August 2023 102,148
Charge for year 62,671
At 31 July 2024 164,819
NET BOOK VALUE
At 31 July 2024 241,254
At 31 July 2023 149,280

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 153,190
Additions 125,502
Transfer to ownership 17,880
At 31 July 2024 296,572
DEPRECIATION
At 1 August 2023 57,966
Charge for year 47,005
Transfer to ownership 3,576
At 31 July 2024 108,547
NET BOOK VALUE
At 31 July 2024 188,025
At 31 July 2023 95,224

Adapt Displays Retail Manufacturing Ltd (Registered number: 10862016)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 263,664 163,215
Other debtors 18,171 19,794
281,835 183,009

Other debtors amounting to £18,171 (2023 - £19,794) is represented by prepayments of £18,171 (2023 - £7,750) and overdrawn director's loan account balances of £Nil (2023 - £12,044).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,380 3,785
Hire purchase contracts 45,064 22,719
Trade creditors 70,119 37,004
Taxation and social security 127,756 92,853
Other creditors 13,789 26,481
261,108 182,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 21,171 25,864
Hire purchase contracts 143,862 59,602
165,033 85,466

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,650 10,724