REGISTERED NUMBER: 04171865 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 30 SEPTEMBER 2023 TO 31 DECEMBER 2024

FOR

AD VALOREM ACCOUNTANCY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Adams

N T Adams

T Foot

A Black

SECRETARY:

N T Adams

REGISTERED OFFICE:

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

04171865 (England and Wales)

AUDITORS:

SCCA LTD T/A Stafford & Co

Chartered Accountants & Statutory Auditors

3 The Studios,

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Intangible assets

4

428,638

836,175

Tangible assets

5

143,390

147,987

572,028

984,162

CURRENT ASSETS

Stocks

125,786

-

Debtors

6

1,134,701

1,210,042

Cash at bank and in hand

928

25,022

1,261,415

1,235,064

CREDITORS

Amounts falling due within one year

7

1,992,443

1,559,255

NET CURRENT LIABILITIES

(731,028

)

(324,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(159,000

)

659,971

CREDITORS

Amounts falling due after more than one year

8

(88,088

)

(416,138

)

PROVISIONS FOR LIABILITIES

(41,412

)

-

NET (LIABILITIES)/ASSETS

(288,500

)

243,833

CAPITAL AND RESERVES

Called up share capital

383

383

Capital redemption reserve

21

21

Retained earnings

(288,904

)

243,429

(288,500

)

243,833

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 2 September 2025 and were signed on its behalf by:

N A Adams - Director

N T Adams - Director

1.	STATUTORY INFORMATION

Ad Valorem Accountancy Services Limited 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.

These financial statements have been prepared for the fifteen months to 31 December 2024. The period has been lengthened to ensure that the period end is co-terminus with the rest of the group.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CHANGES IN ACCOUNTING ESTIMATE

In the accounting period ended 31st December 2024, the company changed its estimate of the useful life of goodwill to align with its group policy of amortisation being calculated on a straight-line basis over the useful economic life of 10 years.

The result of this change in estimate resulted in an increased amortisation charge of £290,756 being charged to the profit and loss account in the current year.

TURNOVER

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

GOODWILL

Goodwill arising on an acquisition of a business is carried at cost less accumulated amortisation and impairment losses, if any. Amortisation is calculated on a straight-line basis over the useful economic life of 10 years.

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.

Website costs are being amortised evenly over their estimated useful life of three years.

CRM system is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

in accordance with the property

Leasehold improvements

-

in accordance with the property

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 61 (2023 - 59 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Goodwill

costs

CRM system

Totals

£

£

£

£

COST

At 30 September 2023

1,264,465

17,507

230,987

1,512,959

Additions

-

975

-

975

At 31 December 2024

1,264,465

18,482

230,987

1,513,934

AMORTISATION

At 30 September 2023

568,438

15,951

92,395

676,784

Amortisation for period

348,803

1,962

57,747

408,512

At 31 December 2024

917,241

17,913

150,142

1,085,296

NET BOOK VALUE

At 31 December 2024

347,224

569

80,845

428,638

At 29 September 2023

696,027

1,556

138,592

836,175

5.	TANGIBLE FIXED ASSETS

Improvements

Leasehold

Plant and

to property

improvements

machinery

£

£

£

COST

At 30 September 2023

31,172

7,859

3,103

Additions

-

-

-

Disposals

-

-

-

At 31 December 2024

31,172

7,859

3,103

DEPRECIATION

At 30 September 2023

14,643

3,209

2,506

Charge for period

3,912

982

358

Eliminated on disposal

-

-

-

At 31 December 2024

18,555

4,191

2,864

NET BOOK VALUE

At 31 December 2024

12,617

3,668

239

At 29 September 2023

16,529

4,650

597

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 30 September 2023

110,843

52,990

118,091

324,058

Additions

41,690

-

7,905

49,595

Disposals

(4,032

)

-

-

(4,032

)

At 31 December 2024

148,501

52,990

125,996

369,621

DEPRECIATION

At 30 September 2023

44,345

23,326

88,042

176,071

Charge for period

15,320

8,818

22,310

51,700

Eliminated on disposal

(1,540

)

-

-

(1,540

)

At 31 December 2024

58,125

32,144

110,352

226,231

NET BOOK VALUE

At 31 December 2024

90,376

20,846

15,644

143,390

At 29 September 2023

66,498

29,664

30,049

147,987

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Trade debtors

300,976

604,786

Other debtors

833,725

605,256

1,134,701

1,210,042

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Bank loans and overdrafts

95,339

68,206

Trade creditors

120,174

274,778

Amounts owed to group undertakings

1,254,738

-

Taxation and social security

249,172

263,929

Other creditors

273,020

952,342

1,992,443

1,559,255

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

(Unaudited)

£

£

Bank loans

-

131,127

Amounts owed to group undertakings

-

148,423

Other creditors

88,088

136,588

88,088

416,138

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Robert Stafford BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of SCCA LTD T/A Stafford & Co

10.	PARENT COMPANY

The ultimate controlling party is ETL International AG, registered in Germany.

ETL International AG

Steinstrasse 41

Essen

Germany 45128