Ardmore Advertising & Marketing Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI022062

Ardmore Advertising & Marketing Limited

Filleted Financial Statements

31 December 2024

Ardmore Advertising & Marketing Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	7	675,625	704,381
Investments	8	1,033,150	1,033,150
		------------	------------
		1,708,775	1,737,531

Current assets

Stocks		46,209	40,012
Debtors	9	4,058,542	2,522,040
Cash at bank and in hand		117,684	290,628
		------------	------------
		4,222,435	2,852,680

Creditors: amounts falling due within one year	10	4,276,269		3,092,604
		------------		------------
Net current liabilities			53,834	239,924
			------------	------------
Total assets less current liabilities			1,654,941	1,497,607

Creditors: amounts falling due after more than one year	11		58,334	108,334

Provisions

Taxation including deferred tax	62,656	80,736
	------------	------------
Net assets	1,533,951	1,308,537
	------------	------------

Capital and reserves

Called up share capital	12	13,897	13,897
Capital redemption reserve		5,658	5,658
Profit and loss account		1,514,396	1,288,982
		------------	------------
Shareholders funds		1,533,951	1,308,537
		------------	------------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Ardmore Advertising & Marketing Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:

Mr J P Keane

Director

Company registration number: NI022062

Ardmore Advertising & Marketing 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 Northern Ireland. The address of the registered office is Unit 3 Kinnegar Drive, Holywood, County Down, BT18 9JQ.

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

The turnover shown in the profit and loss account represents amounts invoiced during the year net of value added tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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. Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax,at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

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:

Office equipment	-	25% reducing balance
Alterations to premises	-	15% reducing balance
Computer equipment	-	33% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 57 (2023: 57 ).

5. Tax on profit

Major components of tax expense

		Period from
	Year to	1 Nov 22 to
	31 Dec 24	31 Dec 23
	£	£

Current tax:

UK current tax expense	147,207	78,956
Adjustments in respect of prior periods	–	( 22,393)
	---------	--------
Total current tax	147,207	56,563
	---------	--------

Deferred tax:

Origination and reversal of timing differences	( 18,080)	–
	---------	--------
Tax on profit	129,127	56,563
	---------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 23 %).

		Period from
	Year to	1 Nov 22 to
	31 Dec 24	31 Dec 23
	£	£
Profit on ordinary activities before taxation	504,541	276,660
	---------	---------
Profit on ordinary activities by rate of tax	126,135	63,281
Adjustment to tax charge in respect of prior periods	–	( 22,393)
Effect of expenses not deductible for tax purposes	7,018	4,002
Effect of capital allowances and depreciation	14,054	11,673
Effect of different UK tax rates on some earnings	(18,080)	–
	---------	---------
Tax on profit	129,127	56,563
	---------	---------

6. Dividends

Equity dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2024	2023
	£	£
Equity dividends on ordinary shares	150,000	150,000
	---------	---------

7. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	425,000	338,243	130,474	184,552	1,078,269
Additions	–	3,515	4,408	22,887	30,810
	---------	---------	---------	---------	------------
At 31 December 2024	425,000	341,758	134,882	207,439	1,109,079
	---------	---------	---------	---------	------------
Depreciation
At 1 January 2024	–	198,102	43,968	131,818	373,888
Charge for the year	–	25,351	13,491	20,724	59,566
	---------	---------	---------	---------	------------
At 31 December 2024	–	223,453	57,459	152,542	433,454
	---------	---------	---------	---------	------------
Carrying amount
At 31 December 2024	425,000	118,305	77,423	54,897	675,625
	---------	---------	---------	---------	------------
At 31 December 2023	425,000	140,141	86,506	52,734	704,381
	---------	---------	---------	---------	------------

8. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024 and 31 December 2024	1,033,150
	------------
Impairment
At 1 January 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	1,033,150
	------------
At 31 December 2023	1,033,150
	------------

The company has purchased 1,000 £1 ordinary shares in Built For Growth Digital Limited on 11 March 2022.

As at the balance sheet date the company held the following investments in subsidiary undertakings:

Subsidiary Holding Nature of Country of

Business Incorporation

Built For Growth 100% IT Consultancy Northern Ireland

Digital Limited 100 Ordinary Shares

The aggregate share capital and reserves and the profit for the year of the subsidiary are as follows:

Aggregate capital and reserves

	2024	2023
	£	£
Built For Growth Digital Limited	517,799	522,575

Profit and (loss) for the year

	2024	2023
	£	£
Built For Growth Digital Limited	(4,776)	179,176

In the opinion of the directors, the investment in and amounts due from the company's subsidiary undertaking are worth at least the amounts at which they are stated in the balance sheet.

9. Debtors

	2024	2023
	£	£
Trade debtors	2,956,984	1,744,707
Amounts owed by group undertakings and undertakings in which the company has a participating interest	76,969	27,459
Other debtors	1,024,589	749,874
	------------	------------
	4,058,542	2,522,040
	------------	------------

10. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	990,213	96,658
Trade creditors	1,840,665	1,961,805
Amounts owed to group undertakings and undertakings in which the company has a participating interest	205,490	406,695
Corporation tax	182,465	56,563
Social security and other taxes	106,816	65,767
Other creditors	950,620	505,116
	------------	------------
	4,276,269	3,092,604
	------------	------------

Bank loans and overdrafts are secured by an all monies debenture providing the bankers with a fixed charge on the company's book debts and a floating charge over the company's undertakings and other assets.

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

	2024	2023
	£	£
Bank loans and overdrafts	33,334	83,334
Other creditors	25,000	25,000
	--------	---------
	58,334	108,334
	--------	---------

12. Called up share capital

Issued, called up and fully paid

2024		2023
No.	£	No.	£

Amounts presented in equity:

Ordinary shares of £ 1 each	13,202	13,202	13,202	13,202
Ordinary 'B' shares of £ 1 each	695	695	695	695
	--------	--------	--------	--------
	13,897	13,897	13,897	13,897
	--------	--------	--------	--------

Amounts presented in liabilities:

Preference shares of £ 1 each	25,000	25,000	25,000	25,000
	--------	--------	--------	--------

On the 17 June 2016, 695 £1 Ordinary 'B' shares were issued at par. The £1 cumulative redeemable preference shares are convertible at the option of the company or the shareholder into ordinary shares from 1 May 2002, on the basis of one ordinary share for every one preference share. The preference shares carry a dividend of 8% per annum, payable yearly in arrears on 30 April. The dividend rights are cumulative.

13. Contingencies

There were no material contingent liabilities at the balance sheet date (2023: £Nil).

14. Summary audit opinion

The auditor's report dated 27 August 2025 was unqualified .

The senior statutory auditor was Michael Flannigan , for and on behalf of FEB Chartered Accountants .

15. Directors' advances, credits and guarantees

16. Related party transactions

During the year, the company entered into the following related party transactions: LK Communications (Ireland) Limited - the company has repaid loans of £160,374 to LK Communications (Ireland) Limited. Built For Growth Digital Limited - the company has repaid loans of £40,831 to Built For Growth Digital Limited. Confluence Consulting Limited - the company has repaid loans of £49,510 to Confluence Consulting Limited. At the balance sheet date, the following balances remained outstanding: Related Party

	2024	2023
	£	£
LK Communications (Ireland) Limited	(97,657)	62,717
Built For Growth Digital Limited	303,147	343,978
Confluence Consulting Limited	76,969	27,459

17. Controlling party

The company is a private company, limited by shares. It is registered in Northern Ireland ( NI022062 ) with its registered office at Unit 3 Kinnegar Drive, Holywood, BT18 9JQ.