Registered number
04981898
ADBC Ltd
Filleted Accounts
31 January 2025
ADBC Ltd
Registered number: 04981898
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 148,339 95,440
Current assets
Debtors 4 158,184 108,261
Cash at bank and in hand 98,847 131,595
257,031 239,856
Creditors: amounts falling due within one year 5 (13,359) (13,264)
Net current assets 243,672 226,592
Total assets less current liabilities 392,011 322,032
Provisions for liabilities (159) (213)
Net assets 391,852 321,819
Capital and reserves
Profit and loss account 391,852 321,819
Shareholders' funds 391,852 321,819
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Dodds
Director
Approved by the board on 27 September 2025
ADBC Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 150,508 8,230 158,738
At 31 January 2025 150,508 8,230 158,738
Depreciation
At 1 February 2024 56,187 7,111 63,298
Charge for the year - 280 280
On disposals (53,179) - (53,179)
At 31 January 2025 3,008 7,391 10,399
Net book value
At 31 January 2025 147,500 839 148,339
At 31 January 2024 94,321 1,119 95,440
4 Debtors 2025 2024
£ £
Other debtors 16,189 17,082
Other Deposit Accounts 139,500 85,701
Dollar Account 2,495 5,478
158,184 108,261
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 220 233
Trade creditors 112 106
Taxation and social security costs 11,987 11,987
Other creditors 1,040 938
13,359 13,264
6 Other information
ADBC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Heaton Road
Solihull
West Midlands
B91 2DX
During and following the sale of property in America, the Company has been severely and
professionally let down by the firm of USA accountants involved and has had to source a
second USA accountancy firm to successfully conclude issues arising with the New York State
Income Tax and the IRS Federal Tax regimes. To this end, certain taxes that were withheld
have only been released and realised within this trading year.
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