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Registration number: 04609344

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Company Information

Directors

Mr James Alan Cocker

Mr Ben Wrigley

Registered office

90 Whitegate Drive
Blackpool
Lancashire
FY3 9DA

Accountants

Beckett Rawcliffe Limited
Chartered AccountantsUnit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

(Registration number: 04609344)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

61,412

81,529

Tangible assets

5

5,534

7,379

Investments

6

50

50

Other financial assets

41,545

39,326

 

108,541

128,284

Current assets

 

Debtors

7

76,166

63,537

Investments

8

29

26

Cash at bank and in hand

 

81,005

115,834

 

157,200

179,397

Creditors: Amounts falling due within one year

9

(92,093)

(95,496)

Net current assets

 

65,107

83,901

Net assets

 

173,648

212,185

Capital and reserves

 

Called up share capital

10

80

80

Share premium reserve

100,970

100,970

Revaluation reserve

11,545

9,326

Retained earnings

61,053

101,809

Shareholders' funds

 

173,648

212,185

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

(Registration number: 04609344)
Balance Sheet as at 31 March 2025

.........................................
Mr James Alan Cocker
Director

   
     
 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
90 Whitegate Drive
Blackpool
Lancashire
FY3 9DA

The principal place of business is:
90 Whitegate Drive
Blackpool
Lancashire
FY3 9DA

These financial statements were authorised for issue by the Board on 15 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% on written down value

Office Equipment

25% on written down value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 10 or 20 years

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

362,350

362,350

At 31 March 2025

362,350

362,350

Amortisation

At 1 April 2024

280,821

280,821

Amortisation charge

20,117

20,117

At 31 March 2025

300,938

300,938

Carrying amount

At 31 March 2025

61,412

61,412

At 31 March 2024

81,529

81,529

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2024

50,567

50,567

At 31 March 2025

50,567

50,567

Depreciation

At 1 April 2024

43,188

43,188

Charge for the year

1,845

1,845

At 31 March 2025

45,033

45,033

Carrying amount

At 31 March 2025

5,534

5,534

At 31 March 2024

7,379

7,379

6

Investments

2025
£

2024
£

Investments in subsidiaries

50

50

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Subsidiaries

£

Cost or valuation

At 1 April 2024

50

Provision

Carrying amount

At 31 March 2025

50

At 31 March 2024

50

7

Debtors

Current

2025
£

2024
£

Trade debtors

73,999

61,371

Prepayments

2,167

2,166

 

76,166

63,537

8

Current asset investments

2025
£

2024
£

Own shares

29

26

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

84,124

85,461

Accruals and deferred income

2,949

3,015

Other creditors

5,020

7,020

92,093

95,496

10

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary 'A' of £1 each

2

2

2

2

Ordinary 'B' of £1 each

28

28

28

28

Ordinary 'C' of £1 each

50

50

50

50

80

80

80

80

11

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

2,219

2,219

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

9,326

9,326

12

Dividends

Interim dividends paid

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2025
£

2024
£

Interim dividend of £90,888.00 (2024 - £83,512.28) per each Ordinary 'A'

181,776

167,025

Interim dividend of £266.67 (2024 - £219.00) per each Ordinary 'B'

1,600

2,190

Interim dividend of £478.05 (2024 - £1,072.44) per each Ordinary 'C'

19,600

43,970

202,976

213,184

13

Related party transactions

 

ADCAS Financial Management Limited

trading as ADCAS Financial Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

35,609

37,370