REGISTERED NUMBER: 01200890 (England and Wales)

ADJUSTING SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E A Hinojosa Rodriguez

A P Hutchinson

S C Ixer

D G Ledger

R Lloyd

C Martin

H Meredith

H Soni

J R J Vincent

R Willmington

SECRETARY:

C Martin

REGISTERED OFFICE:

50 St Mary Axe

London

EC3A 8FR

REGISTERED NUMBER:

01200890 (England and Wales)

AUDITORS:

Bessler Hendrie LLP

Chartered Accountants

Statutory Auditor

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

5

130,781

173,442

Investments

6

-

-

130,781

173,442

CURRENT ASSETS

Debtors

7

7,003,833

6,436,587

Cash at bank and in hand

2,321,073

1,545,708

9,324,906

7,982,295

CREDITORS

Amounts falling due within one year

8

(2,622,385

)

(2,211,630

)

NET CURRENT ASSETS

6,702,521

5,770,665

TOTAL ASSETS LESS CURRENT LIABILITIES

6,833,302

5,944,107

PROVISIONS FOR LIABILITIES

10

(111,965

)

(97,357

)

NET ASSETS

6,721,337

5,846,750

CAPITAL AND RESERVES

Called up share capital

11

1,375,376

1,375,376

Share premium

789,368

789,368

Capital redemption reserve

877,687

877,687

Retained earnings

3,678,906

2,804,319

SHAREHOLDERS' FUNDS

6,721,337

5,846,750

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

D G Ledger - Director

H Meredith - Director

1.	STATUTORY INFORMATION

Adjusting Services 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going Concern

The financial statements have been prepared on a going concern basis. In forming this view, management has considered the company’s future funding requirements based on forecast sales and costs, together with any anticipated changes in the economic environment and their potential impact on financial performance.

Management has assessed that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. Accordingly, the going concern basis of preparation is considered appropriate.

Preparation of consolidated financial statements

The financial statements contain information about Adjusting Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents fees earned from professional services provided to clients and is recognised to the extent that it is probable that the economic benefits will flow to the company and the amount can be measured reliably. Turnover is measured as the fair value of consideration received or receivable exclusive of value added tax.

Turnover from a contract to provide services is recognised in the period in which the services are performed, based on the stage of completion of the contract when all of the following conditions are satisfied:

-

The amount of turnover can be measured reliably;

-

It is probable that the Company will receive the consideration due under the contract;

-

The stage of completion of the contract at the end of the reporting period can be measured reliably; and

-

The costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bring the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

- Straight line over the lease term

Fixtures and fittings

- 2-3 years straight line

Computer equipment

- 5 years straight line

On disposal the difference between net proceeds and the carrying amount of the item sold is recognised in the income statement and is included in administrative expenses.

The assets' residual value, 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.

Assets are capitalised if their individual cost is £5,000 or more. Items costing less than £5,000 are expensed in the period incurred.

Investments in subsidiaries and associates

Investments in subsidiaries and associates are initially recorded at cost, being the fair value of the consideration given and including acquisition costs associated with the investment. The investments are reviewed for impairment on an annual basis and provision is made where there has been a permanent diminution in their value.

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.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. The company has no financial assets nor liabilities which are measured at fair value through profit or loss.

Trade and other debtors are recognised and carried forward at invoiced amounts less provision for any doubtful debts. Bad debts are written off when identified.

Cash and cash equivalents comprise of cash at bank and in hand, and are included in the balance sheet at cost.

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

The company has no non-basic financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to income statement in the period to which they relate.

Operating lease commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement over the lease term. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

Provision for liabilities

Provisions are recognised in the financial statements for all expected future cash outflows arising in respect of lease dilapidations. A provision is recognised when the company has a present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and the amount can be reliably estimated.

The provision for the lease dilapidations are provided for when the company has a contractual obligation under the agreed lease term to return the premises to its original order. The provision is based on previous experience and is apportioned on the square footage of the premises and the current state of repair and are discounted to present value where the effect is material. The expected costs are charged to the income statement as the directors' expect the costs to arise.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from proceeds.

Distributions to equity holders

Dividend and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 38 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

507,690

Additions

7,765

Disposals

(65,422

)

At 30 April 2025

450,033

DEPRECIATION

At 1 May 2024

334,248

Charge for year

50,426

Eliminated on disposal

(65,422

)

At 30 April 2025

319,252

NET BOOK VALUE

At 30 April 2025

130,781

At 30 April 2024

173,442

6.	FIXED ASSET INVESTMENTS

Shares in

group

Interest in

undertakings

associate

Totals

£

£

£

COST

At 1 May 2024

65

150,000

150,065

Disposals

-

(150,000

)

(150,000

)

At 30 April 2025

65

-

65

PROVISIONS

At 1 May 2024

65

150,000

150,065

Eliminated on disposal

-

(150,000

)

(150,000

)

At 30 April 2025

65

-

65

NET BOOK VALUE

At 30 April 2025

-

-

-

At 30 April 2024

-

-

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,348,505

2,932,138

Amounts recoverable on contract

1,310,355

1,050,922

Other debtors

411,307

385,163

Directors' current accounts

796,982

961,225

Called up share capital not paid

904,506

908,950

Prepayments and accrued income

232,178

198,189

7,003,833

6,436,587

The prior-year comparatives have been reclassified to present amounts recoverable on contract separately from trade debtors in order to provide more relevant information. The called-up share capital not paid balance has been disclosed as falling due within one year to reflect the substance of the agreement. The prior-year comparatives have been restated accordingly.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

305,086

189,266

Taxation and social security

1,037,800

992,097

Other creditors

1,279,499

1,030,267

2,622,385

2,211,630

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

132,057

244,714

Between one and five years

888,592

-

1,020,649

244,714

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

5,850

14,857

Other provisions

106,115

82,500

111,965

97,357

Deferred

Other

tax

provisions

£

£

Balance at 1 May 2024

14,857

82,500

Provided during year

-

23,615

Accelerated capital allowances

(7,787

)

-

Short term timing differences

(1,220

)

-

Balance at 30 April 2025

5,850

106,115

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,375,376

Ordinary shares

£1

1,375,376

1,375,376

At the balance sheet date, the company’s issued share capital comprised 1,375,376 Ordinary shares, of which 1,105,376 shares are fully paid and 270,000 shares are partly paid.

The aggregate amount outstanding on partly paid shares, including share capital and share premium, is £904,506 (2024: £908,950). Ordinary shares carry equal rights to dividends, voting, and return of capital on winding up.

During the previous year, additional shares were allotted and called for payment, increasing the total number of shares in issue.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Oliver (Senior Statutory Auditor)

for and on behalf of Bessler Hendrie LLP

13.	OTHER FINANCIAL COMMITMENTS

The company has granted a debenture in favour of HSBC Bank plc, which includes fixed and floating charges. At the balance sheet date no loans or balances were outstanding and the charge remains in place in respect of any other facilities.

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors are amounts totalling £796,982 (2024: £961,225) due from directors. During the year there were advances totalling £279,208 (2024: £188,155) and repayments totalling £443,451 (2024: £271,500) made. No interest is charged on these loans as permitted by HMRC as they are considered to be qualifying loans.