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REGISTERED NUMBER: 10041537 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ADAPTIQ LTD

ADAPTIQ LTD (REGISTERED NUMBER: 10041537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAPTIQ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: L T Spencer
Mrs H R Spencer





REGISTERED OFFICE: Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD





REGISTERED NUMBER: 10041537 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

ADAPTIQ LTD (REGISTERED NUMBER: 10041537)

BALANCE SHEET
31 MARCH 2025

31/3/25 31/3/24
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 306 755
Investments 5 251 251
557 1,006

CURRENT ASSETS
Stocks 11,577 8,903
Debtors 6 1,567 1,505
Cash at bank 209 240
13,353 10,648
CREDITORS
Amounts falling due within one year 7 41,478 33,126
NET CURRENT LIABILITIES (28,125 ) (22,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,568

)

(21,472

)

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (27,588 ) (21,492 )
SHAREHOLDERS' FUNDS (27,568 ) (21,472 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

ADAPTIQ LTD (REGISTERED NUMBER: 10041537)

BALANCE SHEET - continued
31 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 by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





L T Spencer - Director


ADAPTIQ LTD (REGISTERED NUMBER: 10041537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

AdaptIQ Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on cost
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at 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.

Going concern
The company has net liabilities and is reliant upon the continued support of its director.

ADAPTIQ LTD (REGISTERED NUMBER: 10041537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 404 5,228 5,632
DEPRECIATION
At 1 April 2024 303 4,574 4,877
Charge for year 101 348 449
At 31 March 2025 404 4,922 5,326
NET BOOK VALUE
At 31 March 2025 - 306 306
At 31 March 2024 101 654 755

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2024
and 31 March 2025 251
NET BOOK VALUE
At 31 March 2025 251
At 31 March 2024 251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
as restated
£    £   
Other debtors 1,179 1,179
VAT 180 134
Prepayments 208 192
1,567 1,505

ADAPTIQ LTD (REGISTERED NUMBER: 10041537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
as restated
£    £   
Social security and other taxes (210 ) (210 )
Directors' current accounts 40,287 31,995
Accrued expenses 1,401 1,341
41,478 33,126