REGISTERED NUMBER: 06649410 (England and Wales)

Ardorvis Technology Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S K Bennett

Mr T Ballard

REGISTERED OFFICE:

3 Grey Lane

Witney

Oxfordshire

OX28 1FN

REGISTERED NUMBER:

06649410 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Tangible assets

4

29,505

53,543

CURRENT ASSETS

Stocks

5

345,479

254,198

Debtors

6

298,941

434,775

Cash in hand

244,057

131,726

888,477

820,699

CREDITORS

Amounts falling due within one year

7

245,445

1,922,878

NET CURRENT ASSETS/(LIABILITIES)

643,032

(1,102,179

)

TOTAL ASSETS LESS CURRENT LIABILITIES

672,537

(1,048,636

)

PROVISIONS FOR LIABILITIES

2,000

2,000

NET ASSETS/(LIABILITIES)

670,537

(1,050,636

)

CAPITAL AND RESERVES

Called up share capital

100

1

Share premium

1,503,485

-

Other reserves

52,000

52,000

Retained earnings

(885,048

)

(1,102,637

)

SHAREHOLDERS' FUNDS

670,537

(1,050,636

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr T Ballard - Director

Mr S K Bennett - Director

1.	STATUTORY INFORMATION

Ardorvis Technology 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

Straight line over 7 years

Tools & equipment

-

Straight line over 3 years

Motor vehicles

-

Straight line over 4 years

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Tools &

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

217,849

-

95,620

-

313,469

Additions

489

8,426

39,682

6,858

55,455

Disposals

(217,849

)

-

(114,922

)

-

(332,771

)

At 31 December 2024

489

8,426

20,380

6,858

36,153

DEPRECIATION

At 1 January 2024

175,071

-

84,855

-

259,926

Charge for year

8,670

2,814

4,077

2,968

18,529

Eliminated on disposal

(183,724

)

-

(88,083

)

-

(271,807

)

At 31 December 2024

17

2,814

849

2,968

6,648

NET BOOK VALUE

At 31 December 2024

472

5,612

19,531

3,890

29,505

At 31 December 2023

42,778

-

10,765

-

53,543

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

106,526

95,620

202,146

Disposals

(106,526

)

(95,620

)

(202,146

)

At 31 December 2024

-

-

-

DEPRECIATION

At 1 January 2024

90,547

84,855

175,402

Charge for year

5,326

3,228

8,554

Eliminated on disposal

(95,873

)

(88,083

)

(183,956

)

At 31 December 2024

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

15,979

10,765

26,744

5.

STOCKS

2024

2023

£

£

Stocks

345,479

254,198

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

246,094

381,315

Other debtors

4,440

-

Prepayments and accrued income

48,407

53,460

298,941

434,775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Finance leases

-

29,761

Trade creditors

129,332

85,746

Good Received not billed

-

37,083

Amounts owed to group undertakings

-

1,593,834

Social security and other taxes

13,166

17,209

VAT

36,956

44,048

Other creditors

-

10,757

Accruals

65,991

80,850

Deferred Revenue

-

23,590

245,445

1,922,878