Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02914979 Trevor Hobbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02914979 2024-03-31 02914979 2025-03-31 02914979 2024-04-01 2025-03-31 02914979 frs-core:ComputerEquipment 2024-04-01 2025-03-31 02914979 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02914979 frs-core:NetGoodwill 2024-04-01 2025-03-31 02914979 frs-core:MotorVehicles 2024-04-01 2025-03-31 02914979 frs-core:ShareCapital 2025-03-31 02914979 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02914979 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02914979 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 02914979 frs-bus:SmallEntities 2024-04-01 2025-03-31 02914979 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02914979 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02914979 frs-bus:Director1 2024-04-01 2025-03-31 02914979 frs-countries:EnglandWales 2024-04-01 2025-03-31 02914979 2023-03-31 02914979 2024-03-31 02914979 2023-04-01 2024-03-31 02914979 frs-core:ShareCapital 2024-03-31 02914979 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02914979
Aadvark Supplies Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
ALP Accountancy Ltd
19 Beaufort Close
Lee-On-The-Solent
PO13 8FN
Contents
Page
Accountant's Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aadvark Supplies Limited for the year ended 31st March 2025 which comprise the Profit and Loss Account, 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of Aadvark Supplies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aadvark Supplies Limited and state those matters that we have agreed to state to the director of Aadvark Supplies Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Aadvark Supplies 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 Aadvark Supplies Limited . You consider that Aadvark Supplies 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 Aadvark Supplies 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.
ALP Accountancy Ltd
18th June 2025
ALP Accountancy Ltd
19 Beaufort Close
Lee-On-The-Solent
PO13 8FN
Page 1
Page 2
Abridged Balance Sheet
Registered number: 02914979
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,168 15,179
10,168 15,179
CURRENT ASSETS
Stocks 73,563 72,751
Debtors 52,371 82,546
Cash at bank and in hand 735 418
126,669 155,715
Creditors: Amounts Falling Due Within One Year (143,466 ) (140,666 )
NET CURRENT ASSETS (LIABILITIES) (16,797 ) 15,049
TOTAL ASSETS LESS CURRENT LIABILITIES (6,629 ) 30,228
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,932 ) (1,163 )
NET (LIABILITIES)/ASSETS (8,561 ) 29,065
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account (9,561 ) 28,065
SHAREHOLDERS' FUNDS (8,561) 29,065
Page 2
Page 3
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Trevor Hobbs
Director
18th June 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Aadvark Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02914979 . The registered office is 242 Gosport Road, Fareham, Hampshire, PO16 0SS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% RBM
Fixtures & Fittings 20% SLM
Computer Equipment 33.33% SLM
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Total
£
Cost
As at 1 April 2024 7,000
As at 31 March 2025 7,000
Amortisation
As at 1 April 2024 7,000
As at 31 March 2025 7,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 21,901
Disposals (1,565 )
As at 31 March 2025 20,336
Depreciation
As at 1 April 2024 6,722
Provided during the period 3,750
Disposals (304 )
As at 31 March 2025 10,168
Net Book Value
As at 31 March 2025 10,168
As at 1 April 2024 15,179
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5