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AMERICAN DIAGNOSTIC CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
American Diagnostic Corporation Limited is a private company limited by shares incorporated in England and Wales. Its registered office is 74 Green Road, Fareham, Hampshire, PO14 2HE.
The financial statements are presented in Sterling (£).
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Ordinary shares are classified as equity.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Called up share capital not paid
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Shares classified as equity
Allotted, called up and unpaid
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Enter number (2023 - 2) Ordinary shares of £1.00 each
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Parent undertaking and controlling party
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The company's immediate and ultimate parent is ADC UK LLC whose registered office is 55 Commerce Drive, Hauppage, New York 11788-3931, United States of America. Consolidated financial statements at group level are not prepared. There is no ultimate controlling party.
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