REGISTERED NUMBER: 10474646 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

ADB Preston Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Sutton

M Bridge

M Aujla

REGISTERED OFFICE:

Stoneleigh

Saunders Lane

New Longton

Preston

PR4 5SA

REGISTERED NUMBER:

10474646 (England and Wales)

CURRENT ASSETS

Stocks

445,560

423,153

Debtors

4

577

662

Cash at bank

84,736

29,866

530,873

453,681

CREDITORS

Amounts falling due within one year

5

18,560

17,624

NET CURRENT ASSETS

512,313

436,057

TOTAL ASSETS LESS CURRENT LIABILITIES

512,313

436,057

CREDITORS

Amounts falling due after more than one year

6

95,023

15,093

NET ASSETS

417,290

420,964

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

417,287

420,961

417,290

420,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 20 June 2025 and were signed on its behalf by:

M Aujla - Director

M Bridge - Director

M Sutton - Director

1.	STATUTORY INFORMATION

ADB Preston 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.

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.

Stocks

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Other debtors

577

662

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

10,800

10,800

Other creditors

7,760

6,824

18,560

17,624

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans

5,023

15,093

Other creditors

90,000

-

95,023

15,093

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,023

15,093

7.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £90,000 lent to the company on an interest free basis from the directors or entities controlled by the directors.