Company registration number 05002500 (England and Wales)
ADI SUPPLY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ADI SUPPLY LIMITED
COMPANY INFORMATION
Directors
Mr D I Abbott
Mrs I Abbott
Company number
05002500
Registered office
Unit 45
Enterprise Trading Estate
Hurst Lane
Brierley Hill
West Midlands
DY5 1TX
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
134 High Street
Stourbridge
West Midlands
DY8 1DS
ADI SUPPLY LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
ADI SUPPLY LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ADI SUPPLY LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ADI Supply Limited for the year ended 30 November 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of ADI Supply Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ADI Supply Limited and state those matters that we have agreed to state to the board of directors of ADI Supply Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ADI Supply Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that ADI Supply Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ADI Supply Limited. You consider that ADI Supply Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ADI Supply Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
20 May 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ADI SUPPLY LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2024
30 November 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
45,292
49,243
Current assets
Stocks
225,427
225,892
Debtors
4
58,119
112,345
Cash at bank and in hand
2,233
8,728
285,779
346,965
Creditors: amounts falling due within one year
5
(186,047)
(208,873)
Net current assets
99,732
138,092
Total assets less current liabilities
145,024
187,335
Creditors: amounts falling due after more than one year
6
(64,694)
(108,872)
Provisions for liabilities
8
(10,164)
(9,352)
Net assets
70,166
69,111
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
70,066
69,011
Total equity
70,166
69,111

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ADI SUPPLY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024
30 November 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 20 May 2025 and are signed on its behalf by:
Mr D I Abbott
Director
Company registration number 05002500 (England and Wales)
ADI SUPPLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
1
Accounting policies
Company information

ADI Supply Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 45, Enterprise Trading Estate, Hurst Lane, Brierley Hill, West Midlands, United Kingdom, DY5 1TX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on cost
Fixtures and fittings
20% on reducing balance
Office and computer equipment
33% and 25% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

ADI SUPPLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ADI SUPPLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 6 -
1.10

Invoice factoring

The company has entered into an invoice discounting arrangement for certain trade debtors. Amounts due from the customers are shown in full in trade debtors, with amounts due to the finance company in creditors due within twelve months under the other creditors heading and amounts due from the finance company in debtors due within twelve months under the other debtors heading.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
8
3
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Office and computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2023
19,977
38,946
20,837
45,978
125,738
Additions
10,850
-
0
-
0
-
0
10,850
At 30 November 2024
30,827
38,946
20,837
45,978
136,588
Depreciation and impairment
At 1 December 2023
18,777
27,055
18,640
12,023
76,495
Depreciation charged in the year
3,313
2,377
622
8,489
14,801
At 30 November 2024
22,090
29,432
19,262
20,512
91,296
Carrying amount
At 30 November 2024
8,737
9,514
1,575
25,466
45,292
At 30 November 2023
1,200
11,891
2,197
33,955
49,243
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
50,777
59,231
Amounts owed by group undertakings
492
53,114
Other debtors
6,850
-
0
58,119
112,345
ADI SUPPLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
69,759
69,157
Amounts owed to group undertakings
2,369
37,085
Taxation and social security
17,034
6,995
Other creditors
86,885
85,636
186,047
208,873
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,000
15,000
Other creditors
59,694
93,872
64,694
108,872
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Hire purchase contracts
21,244
29,464
Bank loans
15,000
25,000
Factoring account
32,592
40,507
68,836
94,971
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government-backed guarantee.
All monies due or to become due from the company to the factoring company, Optimum Finance, are secured against trade debtors.
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
10,164
9,352
ADI SUPPLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 8 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
80
80
80
80
Ordinary B of £1 each
20
20
20
20
100
100
100
100
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Control

Ultimate parent company

The ultimate parent company is Abdel Group Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr D I Abbott, by virtue of his controlling interest in the ultimate parent company.

2024-11-302023-12-01falsefalsefalse20 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr D I AbbottMrs I Abbott050025002023-12-012024-11-3005002500bus:Director12023-12-012024-11-3005002500bus:Director22023-12-012024-11-3005002500bus:RegisteredOffice2023-12-012024-11-3005002500bus:Agent12023-12-012024-11-30050025002024-11-30050025002023-11-3005002500core:PlantMachinery2024-11-3005002500core:FurnitureFittings2024-11-3005002500core:ComputerEquipment2024-11-3005002500core:MotorVehicles2024-11-3005002500core:PlantMachinery2023-11-3005002500core:FurnitureFittings2023-11-3005002500core:ComputerEquipment2023-11-3005002500core:MotorVehicles2023-11-3005002500core:CurrentFinancialInstrumentscore:WithinOneYear2024-11-3005002500core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3005002500core:Non-currentFinancialInstrumentscore:AfterOneYear2024-11-3005002500core:Non-currentFinancialInstrumentscore:AfterOneYear2023-11-3005002500core:CurrentFinancialInstruments2024-11-3005002500core:CurrentFinancialInstruments2023-11-3005002500core:Non-currentFinancialInstruments2024-11-3005002500core:Non-currentFinancialInstruments2023-11-3005002500core:ShareCapital2024-11-3005002500core:ShareCapital2023-11-3005002500core:RetainedEarningsAccumulatedLosses2024-11-3005002500core:RetainedEarningsAccumulatedLosses2023-11-3005002500core:ShareCapitalOrdinaryShareClass12024-11-3005002500core:ShareCapitalOrdinaryShareClass12023-11-3005002500core:ShareCapitalOrdinaryShareClass22024-11-3005002500core:ShareCapitalOrdinaryShareClass22023-11-3005002500core:ShareCapitalOrdinaryShares2024-11-3005002500core:ShareCapitalOrdinaryShares2023-11-3005002500core:PlantMachinery2023-12-012024-11-3005002500core:FurnitureFittings2023-12-012024-11-3005002500core:ComputerEquipment2023-12-012024-11-3005002500core:MotorVehicles2023-12-012024-11-30050025002022-12-012023-11-3005002500core:PlantMachinery2023-11-3005002500core:FurnitureFittings2023-11-3005002500core:ComputerEquipment2023-11-3005002500core:MotorVehicles2023-11-30050025002023-11-3005002500core:WithinOneYear2024-11-3005002500core:WithinOneYear2023-11-3005002500bus:OrdinaryShareClass12023-12-012024-11-3005002500bus:OrdinaryShareClass22023-12-012024-11-3005002500bus:OrdinaryShareClass12024-11-3005002500bus:OrdinaryShareClass12023-11-3005002500bus:OrdinaryShareClass22024-11-3005002500bus:OrdinaryShareClass22023-11-3005002500bus:AllOrdinaryShares2024-11-3005002500bus:AllOrdinaryShares2023-11-3005002500bus:PrivateLimitedCompanyLtd2023-12-012024-11-3005002500bus:FRS1022023-12-012024-11-3005002500bus:AuditExemptWithAccountantsReport2023-12-012024-11-3005002500bus:SmallCompaniesRegimeForAccounts2023-12-012024-11-3005002500bus:FullAccounts2023-12-012024-11-30xbrli:purexbrli:sharesiso4217:GBP