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Registered number: 642897
Adhectic Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Marshall Noel - Accountants
ICPA (Fellow)
The Court
The Street
Charmouth
Dorset
DT6 6PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 642897
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,280 131,042
Investments 5 2,550 2,550
100,830 133,592
CURRENT ASSETS
Stocks 6 85,326 84,665
Debtors 7 131,391 129,392
Cash at bank and in hand 401,328 417,609
618,045 631,666
Creditors: Amounts Falling Due Within One Year 8 (257,214 ) (309,312 )
NET CURRENT ASSETS (LIABILITIES) 360,831 322,354
TOTAL ASSETS LESS CURRENT LIABILITIES 461,661 455,946
Creditors: Amounts Falling Due After More Than One Year 9 (70,000 ) (100,833 )
NET ASSETS 391,661 355,113
CAPITAL AND RESERVES
Called up share capital 11 3,100 3,100
Revaluation reserve 12 31,100 31,100
Profit and Loss Account 357,461 320,913
SHAREHOLDERS' FUNDS 391,661 355,113
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K Turnock
Director
5th September 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Adhectic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 642897 . The registered office is Phoenix House, Radley Road Industrial Est., Abingdon Oxfordshire, OX14 3RY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on written down value
Motor Vehicles 25% on written down value
Fixtures & Fittings 25% on written down value
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 3 3
Sales, marketing and distribution 7 6
10 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 227,874 124,850 38,317 391,041
As at 31 March 2025 227,874 124,850 38,317 391,041
Depreciation
As at 1 April 2024 191,428 31,212 37,359 259,999
Provided during the period 9,112 23,410 240 32,762
As at 31 March 2025 200,540 54,622 37,599 292,761
Net Book Value
As at 31 March 2025 27,334 70,228 718 98,280
As at 1 April 2024 36,446 93,638 958 131,042
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 2,550
As at 31 March 2025 2,550
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 2,550
As at 1 April 2024 2,550
6. Stocks
2025 2024
£ £
Materials 85,326 84,665
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Page 6
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 102,564 106,278
Prepayments and accrued income 7,927 2,214
Rent deposit 20,900 20,900
131,391 129,392
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 20,000 20,000
Trade creditors 112,659 159,801
Bank loans and overdrafts 5,700 5,700
Corporation tax 40,284 48,028
Other taxes and social security 8,531 7,789
VAT 36,870 31,494
Credit Card Control Account (2,478 ) 2,661
Pension Control Account 1,634 1,590
Accruals and deferred income 32,345 32,081
Directors' loan accounts 1,669 168
257,214 309,312
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 50,000 70,000
Bank loans 20,000 30,833
70,000 100,833
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,000 20,000
Later than one year and not later than five years 50,000 70,000
70,000 90,000
70,000 90,000
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3,100 3,100
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 31,100
As at 31 March 2025 31,100
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