Company Registration No. 12997519 (England and Wales)
ADSNET LIMITED
Unaudited accounts
for the year ended 30 November 2024
ADSNET LIMITED
Unaudited accounts
Contents
ADSNET LIMITED
Company Information
for the year ended 30 November 2024
Director
Andrew David Short
Company Number
12997519 (England and Wales)
Registered Office
13 Granville Avenue
Seaton Sluice
North Tyneside
NE26 4BU
United Kingdom
Accountants
SAS Accountancy Services Ltd
22 Ridley Place
Newcastle
NE1 8JW
ADSNET LIMITED
Statement of financial position
as at 30 November 2024
Tangible assets
7,750
8,860
Cash at bank and in hand
74,099
82,702
Creditors: amounts falling due within one year
(14,244)
(19,969)
Net current assets
72,712
62,733
Called up share capital
2
2
Profit and loss account
80,460
71,591
Shareholders' funds
80,462
71,593
For the year ending 30 November 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 August 2025 and were signed on its behalf by
Andrew David Short
Director
Company Registration No. 12997519
ADSNET LIMITED
Notes to the Accounts
for the year ended 30 November 2024
ADSNET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12997519. The registered office is 13 Granville Avenue, Seaton Sluice, North Tyneside, NE26 4BU, United Kingdom.
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.
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
15% reducing balance
Fixtures & fittings
10% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
6,266
4,602
928
11,796
At 30 November 2024
6,266
4,602
928
11,796
At 1 December 2023
1,794
1,049
93
2,936
Charge for the year
671
355
84
1,110
At 30 November 2024
2,465
1,404
177
4,046
At 30 November 2024
3,801
3,198
751
7,750
At 30 November 2023
4,472
3,553
835
8,860
Amounts falling due within one year
ADSNET LIMITED
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,451
11,803
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).