Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Christopher John Adie 15/10/2021 Hannah Elizabeth Adie 15/10/2021 19 May 2025 The principal activity of the company in the period under review was that of Construction of domestic buildings and
Other construction installation.
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Company No: 13682061 (England and Wales)

ADIES YORK LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

ADIES YORK LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

ADIES YORK LTD

COMPANY INFORMATION

For the financial year ended 31 October 2024
ADIES YORK LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTORS Christopher John Adie
Hannah Elizabeth Adie
REGISTERED OFFICE 22-26 Blossom Street
York
YO24 1AJ
United Kingdom
COMPANY NUMBER 13682061 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
ADIES YORK LTD

BALANCE SHEET

As at 31 October 2024
ADIES YORK LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 31.10.2024 31.10.2023
£ £
Fixed assets
Tangible assets 3 12,169 15,896
12,169 15,896
Current assets
Stocks 4 158,834 188,351
Debtors 5 73,107 9,611
Cash at bank and in hand 6 75,486 10,741
307,427 208,703
Creditors: amounts falling due within one year 7 ( 439,986) ( 375,206)
Net current liabilities (132,559) (166,503)
Total assets less current liabilities (120,390) (150,607)
Creditors: amounts falling due after more than one year 8 ( 4,789) ( 8,033)
Net liabilities ( 125,179) ( 158,640)
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account ( 125,279 ) ( 158,740 )
Total shareholders' deficit ( 125,179) ( 158,640)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Adies York Ltd (registered number: 13682061) were approved and authorised for issue by the Board of Directors on 19 May 2025. They were signed on its behalf by:

Christopher John Adie
Director
ADIES YORK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
ADIES YORK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Adies York Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22-26 Blossom Street, York, YO24 1AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
3 years straight line
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

31.10.2024 31.10.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 7

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 25,467 25,467
Additions 1,290 1,290
At 31 October 2024 26,757 26,757
Accumulated depreciation
At 01 November 2023 9,571 9,571
Charge for the financial year 5,017 5,017
At 31 October 2024 14,588 14,588
Net book value
At 31 October 2024 12,169 12,169
At 31 October 2023 15,896 15,896

4. Stocks

31.10.2024 31.10.2023
£ £
Work in progress 158,834 188,351

5. Debtors

31.10.2024 31.10.2023
£ £
Trade debtors 41,759 329
Other debtors 31,348 9,282
73,107 9,611

6. Cash and cash equivalents

31.10.2024 31.10.2023
£ £
Cash at bank and in hand 75,486 10,741

7. Creditors: amounts falling due within one year

31.10.2024 31.10.2023
£ £
Trade creditors 244,168 140,039
CIS withheld 9,616 21,404
Other taxation and social security 12,084 26,933
Obligations under finance leases and hire purchase contracts 3,244 2,945
Other creditors 170,874 183,885
439,986 375,206

8. Creditors: amounts falling due after more than one year

31.10.2024 31.10.2023
£ £
Obligations under finance leases and hire purchase contracts 4,789 8,033

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

31.10.2024 31.10.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Ultimate controlling party

Parent Company:

Adico Ltd
22-26 Blossom Street
York
North Yorkshire
YO24 1AJ