Addfield Limited Filleted accounts for Companies House (small and micro)

Addfield Limited

Statement of Financial Position

30 September 2024

	2024		2023
Note	£	£	£

Current assets

Debtors	4	89,586	85,625
Cash at bank and in hand		58,007	91,549
		---------	---------
		147,593	177,174

Creditors: amounts falling due within one year	5	( 3,000)		( 1,500)
		---------		---------
Net current assets			144,593	175,674
			---------	---------
Total assets less current liabilities			144,593	175,674
			---------	---------
Net assets			144,593	175,674
			---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	144,583	175,664
	---------	---------
Shareholders funds	144,593	175,674
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

S A Lloyd

Director

Company registration number: 08866671

Addfield Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 178 Allport Street, Cannock, Staffordshire, WS11 1JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving a long term contract or the rendering of services can be reliably estimated, revenue from the long term contract or rendering of services is measured by reference to the stage of completion of the contract or service transaction at the end of the reporting period. When the outcome of a transaction involving a long term contract or the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

	2024	2023
	£	£
Trade debtors	–	56,545
Other debtors	89,586	29,080
	--------	--------
	89,586	85,625
	--------	--------

	2024	2023
	£	£
Other creditors	3,000	1,500
	-------	-------