Adept Multi Trade Limited - Filleted accounts

Registered number

SC719991

Adept Multi Trade Limited

Filleted Accounts

31 March 2025

Adept Multi Trade Limited
Registered number:		SC719991
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		6,825			-
Investments	4		142,472			-
			149,297			-

Current assets
Stocks		10,000			10,000
Debtors	5	101,024			100,000
Cash at bank and in hand		10,231			39,482
		121,255			149,482

Creditors: amounts falling due within one year	6	(113,070)			(39,633)

Net current assets			8,185			109,849

Total assets less current liabilities			157,482			109,849

Creditors: amounts falling due after more than one year	7		(6,500)			-



Net assets			150,982			109,849

Capital and reserves
Called up share capital			2			2
Profit and loss account			150,980			109,847

Shareholders' funds			150,982			109,849

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.




Imran Yaqub
Director
Approved by the board on 6 November 2025

Adept Multi Trade Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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.

	Other Operating Income
	Other operating income is recognised at the fair value of the consideration received or receivable in respect of rental income. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

	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:

	Freehold buildings	over 50 years
	Motor Vehicles	25% reducing balance

	Investment properties
	Investment properties comprises a commercial property from which rental income is derived. Investment properties are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Any revaluation increase in the carrying amount of investment properties is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset’s original cost is transferred from revaluation reserve to retained earnings.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Motor vehicles
£
	Cost
	Additions				7,800
	At 31 March 2025				7,800

	Depreciation
	Charge for the year				975
	At 31 March 2025				975

	Net book value
	At 31 March 2025				6,825


4	Investments

Property
Investments
£
	Cost
	Additions				142,472

	At 31 March 2025				142,472

	Income from fixed asset investments represents rental income from investment property. The investment property was purchased in October 2024. The fair value of the property at October 2024 has been arrived at on the basis of a valuation carried out by an indepedent surveyor. The director perceives this valuation is still relevant at the year end due to his knowledge of the local property market.


5	Debtors		2025		2024
£				£

	Other debtors		101,024		100,000


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		30,754		-
	Accrued expenses		1,670		900
	Taxation and social security costs		12,168		38,733
	Other creditors		68,478		-
			113,070		39,633


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Obligations under finance lease and hire purchase contracts		6,500		-


8	Loans		2025		2024
£				£
	Creditors include:

	Secured bank loans		6,500		-

	Hire purchase obligations are secured over the assets to which the contracts relate.


9	Controlling party

	The directors, Imran Yaqub and Shoaib Shafaatulla, hold a 100% beneficial interest in the share capital of the company.


10	Other information

	Adept Multi Trade Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	36 Hillfield Drive
	Glasgow
	G77 6GD