Company Registration No. 08453538 (England and Wales)
Ads Consultancy Sussex Ltd
Unaudited accounts
for the year ended 30 September 2024
Ads Consultancy Sussex Ltd
Unaudited accounts
Contents
Ads Consultancy Sussex Ltd
Company Information
for the year ended 30 September 2024
Company Number
08453538 (England and Wales)
Registered Office
60
Old Shoreham Road
Lancing
West Sussex
BN15 0QZ
England
Accountants
Collective Concepts Accounting Ltd
Ads Consultancy Sussex Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
31,460
7,982
Cash at bank and in hand
3,973
6,955
Creditors: amounts falling due within one year
(18,168)
(18,692)
Net current assets
35,895
44,160
Total assets less current liabilities
67,355
52,142
Creditors: amounts falling due after more than one year
(20,811)
-
Called up share capital
100
100
Profit and loss account
46,444
52,042
Shareholders' funds
46,544
52,142
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2025 and were signed on its behalf by
Andrew de Silva
Director
Company Registration No. 08453538
Ads Consultancy Sussex Ltd
Notes to the Accounts
for the year ended 30 September 2024
Ads Consultancy Sussex Ltd is a private company, limited by shares, registered in England and Wales, registration number 08453538. The registered office is 60, Old Shoreham Road, Lancing, West Sussex, BN15 0QZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years - Straight line
Motor vehicles
4 years - Straight line
Computer equipment
4 years - Straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The financial statement have been prepared on a going concern basis on the grounds that the Directors have confirmed they will continue to support the company
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Ads Consultancy Sussex Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
-
16,690
400
17,090
Additions
504
28,541
-
29,045
At 30 September 2024
504
45,231
400
46,135
At 1 October 2023
-
9,041
67
9,108
Charge for the year
105
5,362
100
5,567
At 30 September 2024
105
14,403
167
14,675
At 30 September 2024
399
30,828
233
31,460
At 30 September 2023
-
7,649
333
7,982
Amounts falling due within one year
Accrued income and prepayments
3,063
-
Other debtors
44,507
55,897
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,135
3,331
Taxes and social security
7,970
12,385
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
20,811
-
Ads Consultancy Sussex Ltd
Notes to the Accounts
for the year ended 30 September 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
55,897
81,437
94,772
42,562
55,897
81,437
94,772
42,562
At the year end the company was due £42,562 (2023: £55,897) from Director as at 30/09/2024. The loan has interest charge of 2.25% and have no repayment terms.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).