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REGISTERED NUMBER: 03188392 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2025

for

Adsett Trading Company Limited

Adsett Trading Company Limited (Registered number: 03188392)






Contents of the Financial Statements
For The Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Adsett Trading Company Limited

Company Information
For The Year Ended 31st March 2025







DIRECTOR: D Warwick





REGISTERED OFFICE: Woodland View
Adsett Lane
Westbury on Severn
Gloucestershire
GL14 1PH





REGISTERED NUMBER: 03188392 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Adsett Trading Company Limited (Registered number: 03188392)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,492 21,997

CURRENT ASSETS
Stocks 83,143 40,164
Debtors 6 11,021 35,689
Cash at bank and in hand 6,786 10,515
100,950 86,368
CREDITORS
Amounts falling due within one year 7 70,288 54,435
NET CURRENT ASSETS 30,662 31,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,154

53,930

CREDITORS
Amounts falling due after more than one
year

8

(13,095

)

(23,276

)

PROVISIONS FOR LIABILITIES (3,133 ) (4,179 )
NET ASSETS 30,926 26,475

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 30,924 26,473
SHAREHOLDERS' FUNDS 30,926 26,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Adsett Trading Company Limited (Registered number: 03188392)

Balance Sheet - continued
31st March 2025


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 and authorised for issue by the director and authorised for issue on 15th July 2025 and were signed by:





D Warwick - Director


Adsett Trading Company Limited (Registered number: 03188392)

Notes to the Financial Statements
For The Year Ended 31st March 2025

1. STATUTORY INFORMATION

Adsett Trading Company 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a National Employment Savings Trust Scheme (NEST) in respect of pension contributions for the Employees of the company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Adsett Trading Company Limited (Registered number: 03188392)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2025

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2024
and 31st March 2025 240,940 20,125 653 261,718
DEPRECIATION
At 1st April 2024 221,695 17,432 594 239,721
Charge for year 4,812 673 20 5,505
At 31st March 2025 226,507 18,105 614 245,226
NET BOOK VALUE
At 31st March 2025 14,433 2,020 39 16,492
At 31st March 2024 19,245 2,693 59 21,997

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 364 4,320
Other debtors 10,657 31,369
11,021 35,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 35,553 40,043
Taxation and social security 19,409 11,154
Other creditors 15,326 3,238
70,288 54,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 13,095 23,276

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,095 23,276

Adsett Trading Company Limited (Registered number: 03188392)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2025

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25 31.3.24
£    £   
D Warwick
Balance outstanding at start of year 11,666 32,215
Amounts repaid (11,666 ) (20,549 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,666

During the period, the director Mr D Warwick repaid the £11,666 outstanding on the interest free loan. The loan is now fully repaid as at 31/03/2025.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Adsett Trading Company Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adsett Trading Company Limited for the year ended 31st March 2025 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Adsett Trading Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adsett Trading Company Limited and state those matters that we have agreed to state to the director of Adsett Trading Company Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

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 Adsett Trading Company 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 Adsett Trading Company Limited. You consider that Adsett Trading Company 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 Adsett Trading Company 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.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


15th July 2025