Appliance Development Services Limited


Directors	Xuan Jiang
	Peter Robinson


Registered Address	C/O Armstrong Watson First Floor
	One Strawberry Lane
	Newcastle Upon Tyne
	NE1 4BX


Registered Number	08910652 (England and Wales)

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or 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.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	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 the Income Statement

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 the Income Statement

	Current taxation
	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
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	6.7
	Plant and machinery	4
	Fixtures and fittings	4
	Vehicles	4
	Office Equipment	4

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	12		10

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 May 24	4,721	34,209	4,350	23,966	21,231	88,477
Additions	-	-	-	2,445	-	2,445
At 30 April 25	4,721	34,209	4,350	26,411	21,231	90,922
Depreciation and impairment
At 01 May 24	4,721	30,467	4,350	19,396	17,469	76,403
Charge for year	-	3,442	-	3,699	2,055	9,196
At 30 April 25	4,721	33,909	4,350	23,095	19,524	85,599
Net book value
At 30 April 25	-	300	-	3,316	1,707	5,323
At 30 April 24	-	3,742	-	4,570	3,762	12,074

4.	Stocks

	2025	2024
	£	£
Other stocks	802,483	827,677
Total	802,483	827,677

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	119,537	96,435
Other debtors	6,584	12,386
Prepayments and accrued income	48,235	47,294
Total	174,356	156,115

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	360,429	223,164
Bank borrowings and overdrafts	183,640	267,185
Taxation and social security	134,813	91,760
Other creditors	26,343	25,404
Accrued liabilities and deferred income	10,463	11,455
Total	715,688	618,968

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	165,940	298,535
Total	165,940	298,535

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,331	2,943
Total	1,331	2,943

9.	Operating lease commitments
	At 30 April 2025 the company had future minimum lease payments under non-cancellable operating leases of £202,645 (2024: £110,523).

10.	Directors advances, credits and guarantees
	On 1 May 2024 two directors owed the Company £5,992. During the period these directors were advanced a further £114,828 and repaid £121,529. As at 30 April 2025 the Company owed these directors £709. Interest on the overdrawn loan accounts was due under the terms of a loan agreement at a rate of 2.25% per annum from 6 April 2024. The loans are unsecured and repayable upon demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		5,323		12,074
			5,323		12,074
Current assets
Stocks	4	802,483		827,677
Debtors	5	174,356		156,115
Cash at bank and on hand		45,817		138,311
		1,022,656		1,122,103
Creditors amounts falling due within one year	6	(715,688)		(618,968)
Net current assets (liabilities)			306,968		503,135
Total assets less current liabilities			312,291		515,209
Creditors amounts falling due after one year	7		(165,940)		(298,535)
Provisions for liabilities	8		(1,331)		(2,943)
Net assets			145,020		213,731
Capital and reserves
Called up share capital			100		105
Share premium			3,495		3,495
Profit and loss account			141,425		210,131
Shareholders' funds			145,020		213,731