Registered number
04050920
ADSAT INTERNATIONAL LIMITED
Filleted Accounts
31 December 2024

ADSAT INTERNATIONAL LIMITED
Registered number: | 04050920
Balance Sheet
as at 31 December 2024
Notes |  |  | 2024 |  |  | 2023
£ | £
Fixed assets
Tangible assets | 3 |  |  | 9,566 |  |  | 11,957
Current assets
Stocks |  |  | 8,629,941 |  |  | 8,464,491
Debtors | 4 |  | 15,000 |  |  | -
Cash at bank and in hand |  |  | 147,872 |  |  | 474,851
|  |  | 8,792,813 |  |  | 8,939,342
Creditors: amounts falling due within one year | 5 |  | (3,812,545) |  |  | (3,960,323)
Net current assets |  |  |  | 4,980,268 |  |  | 4,979,019
Total assets less current liabilities |  |  |  | 4,989,834 |  |  | 4,990,976
Creditors: amounts falling due after more than one year | 6 |  |  | (4,737,205) |  |  | (4,737,205)
Net assets |  |  |  | 252,629 |  |  | 253,771
Capital and reserves
Called up share capital |  |  |  | 116,000 |  |  | 116,000
Profit and loss account |  |  |  | 136,629 |  |  | 137,771
Shareholders' funds |  |  |  | 252,629 |  |  | 253,771
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tugay Djelaleddin
Director
Approved by the board on 15 September 2025

ADSAT INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | 20% reducing balance
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of persons employed by the company | 5 |  | 5
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 January 2024 | 319,216
| At 31 December 2024 | 319,216
| Depreciation
| At 1 January 2024 | 307,259
| Charge for the year | 2,391
| At 31 December 2024 | 309,650
| Net book value
| At 31 December 2024 | 9,566
| At 31 December 2023 | 11,957
4 | Debtors | 2024 |  | 2023
£ | £
| Other debtors | 15,000 |  | -
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
£ | £
| Trade creditors | 3,712,702 |  | 3,858,398
| Taxation and social security costs | (2,082) |  | -
| Other creditors | 101,925 |  | 101,925
|  |  |  |  |  | 3,812,545 |  | 3,960,323
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
£ | £
| Bank loans | 4,737,205 |  | 4,737,205
7 | Other information
| ADSAT INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| 146 Chase Side
| Southgate
| London
| N14 5PP

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