A & D Computers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04788888

A & D Computers Limited

Filleted Unaudited Financial Statements

31 December 2024

A & D Computers Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		821,569	667,410

Current assets

Stocks		1,927,221	1,423,441
Debtors	6	598,639	371,833
Cash at bank and in hand		171,291	287,981
		------------	------------
		2,697,151	2,083,255

Creditors: amounts falling due within one year	7	1,271,637		627,777
		------------		------------
Net current assets			1,425,514	1,455,478
			------------	------------
Total assets less current liabilities			2,247,083	2,122,888

Creditors: amounts falling due after more than one year	8		370,637	318,594

Provisions

Taxation including deferred tax	125,467	112,538
	------------	------------
Net assets	1,750,979	1,691,756
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,750,879	1,691,656
	------------	------------
Shareholders funds	1,750,979	1,691,756
	------------	------------

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 31 December 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 .

A & D Computers Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 August 2025 , and are signed on behalf of the board by:

Mr Dean Sanderson

Director

Company registration number: 04788888

A & D Computers Limited

Notes to the Financial Statements

Year ended 31 December 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 Unit 2, Evo Business Park, Little Oak Drive, Annesley, Nottingham, NG15 0EB, United Kingdom.

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

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.

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.

Income tax

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	10% straight line
Plant, machinery and equipment	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 44 (2023: 36 ).

5. Tangible assets

	Property improvements	Plant, machinery and equipment	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	215,780	198,012	205,441	447,851	1,067,084
Additions	57,869	128,456	2,297	190,678	379,300
Disposals	–	–	–	( 43,201)	( 43,201)
	---------	---------	---------	---------	------------
At 31 December 2024	273,649	326,468	207,738	595,328	1,403,183
	---------	---------	---------	---------	------------
Depreciation
At 1 January 2024	64,734	102,855	72,108	159,977	399,674
Charge for the year	27,365	55,903	20,344	119,008	222,620
Disposals	–	–	–	( 40,680)	( 40,680)
	---------	---------	---------	---------	------------
At 31 December 2024	92,099	158,758	92,452	238,305	581,614
	---------	---------	---------	---------	------------
Carrying amount
At 31 December 2024	181,550	167,710	115,286	357,023	821,569
	---------	---------	---------	---------	------------
At 31 December 2023	151,046	95,157	133,333	287,874	667,410
	---------	---------	---------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 December 2024	312,468
	---------
At 31 December 2023	230,946
	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	351,150	182,466
Other debtors	247,489	189,367
	---------	---------
	598,639	371,833
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	489,018	7,472
Trade creditors	390,042	256,124
Social security and other taxes	241,408	270,781
Other creditors	151,169	93,400
	------------	---------
	1,271,637	627,777
	------------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	87,594	95,066
Other creditors	283,043	223,528
	---------	---------
	370,637	318,594
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £57,707 (2023: £65,179) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years.

9. Secured debts

The following secured debts are included within creditors:

	2024	2023
	£	£
Bank loan	95,066	102,538
	--------	---------

National Westminster Bank plc has a fixed and floating charge covering all of the property and undertakings of the company. This was created on 9 June 2021.

10. Other financial commitments

The company had other financial commitments at the balance sheet date of £161,500 (2023: £263,500).

11. Related party transactions

The company has made a loan to an associated company and the balance outstanding at the year end was £ 115,664 (2023: £ 112,546 ). The loan is unsecured, no interest is being charged and no repayment terms are in place.