REGISTERED NUMBER: 03245360 (England and Wales)

ADVANCED ADHESIVES LTD.

Unaudited Financial Statements For The Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Mrs J S Crozier

G C Crozier

SECRETARY:

G C Crozier

REGISTERED OFFICE:

Architectural House

Plummer Street

Newcastle Upon Tyne

NE4 7AB

REGISTERED NUMBER:

03245360 (England and Wales)

ACCOUNTANTS:

Sadler Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

FIXED ASSETS

Intangible assets

4

89,450

100,837

Tangible assets

5

179,889

213,357

269,339

314,194

CURRENT ASSETS

Stocks

392,778

382,000

Debtors

6

241,002

401,232

Cash at bank

781,940

633,554

1,415,720

1,416,786

CREDITORS

Amounts falling due within one year

7

164,467

268,905

NET CURRENT ASSETS

1,251,253

1,147,881

TOTAL ASSETS LESS CURRENT LIABILITIES

1,520,592

1,462,075

PROVISIONS FOR LIABILITIES

9

21,362

20,412

NET ASSETS

1,499,230

1,441,663

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,499,130

1,441,563

1,499,230

1,441,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

G C Crozier - Director

1.	STATUTORY INFORMATION

Advanced Adhesives Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements

There were no judgements made that were significant enough to warrant disclosure.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stock consists of raw materials, part complete and finished goods.

The finished goods value is at raw material cost plus an additional amount to cover the direct cost of production. Net realisable value exceeds the value of the finished goods.

Cost is calculated on an actual basis and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Significant estimates

There were no estimates made that were significant enough to warrant disclosure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

218,875

AMORTISATION

At 1 January 2024

118,038

Charge for year

11,387

At 31 December 2024

129,425

NET BOOK VALUE

At 31 December 2024

89,450

At 31 December 2023

100,837

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

prop erty

machinery

fittings

£

£

£

COST

At 1 January 2024

58,226

302,587

85,430

Additions

-

39,860

3,796

Disposals

-

(3,924

)

(1,395

)

At 31 December 2024

58,226

338,523

87,831

DEPRECIATION

At 1 January 2024

-

213,405

47,233

Charge for year

-

48,069

16,635

Eliminated on disposal

-

(86

)

(1,395

)

At 31 December 2024

-

261,388

62,473

NET BOOK VALUE

At 31 December 2024

58,226

77,135

25,358

At 31 December 2023

58,226

89,182

38,197

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

19,999

46,444

512,686

Additions

-

3,739

47,395

Disposals

-

-

(5,319

)

At 31 December 2024

19,999

50,183

554,762

DEPRECIATION

At 1 January 2024

12,499

26,192

299,329

Charge for year

5,000

7,321

77,025

Eliminated on disposal

-

-

(1,481

)

At 31 December 2024

17,499

33,513

374,873

NET BOOK VALUE

At 31 December 2024

2,500

16,670

179,889

At 31 December 2023

7,500

20,252

213,357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

204,948

302,460

Other debtors

36,054

98,772

241,002

401,232

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

33,032

71,787

Taxation and social security

86,490

121,748

Other creditors

44,945

75,370

164,467

268,905

Included in other creditors are amounts owed for VAT, this year they owed £39,382 (£42,900 - 2023).

8.	FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

21,362

20,412

Deferred

tax

£

Balance at 1 January 2024

20,412

Provided during year

950

Balance at 31 December 2024

21,362

10.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sadler Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

30 September 2025