Adventus Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Adventus Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04069694 . The registered office is 9 Bank Road, Kingswood, Bristol, BS15 8LS .

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.

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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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	33% straight line
Motor Vehicles	33% reducing balance
Computer Equipment	50% straight line

2.4. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Adventus Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Financial Instruments

Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the financial instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the asset is impaired.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price. Creditors are not interest bearing and are stated at their nominal value.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

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 years 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 assets reflect 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.

...CONTINUED

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Adventus Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	7,825	15,700	9,000	32,525
Additions	734	-	-	734

As at 31 March 2025	8,559	15,700	9,000	33,259

Depreciation
As at 1 April 2024	7,656	11,897	9,000	28,553
Provided during the period	354	1,255	-	1,609

As at 31 March 2025	8,010	13,152	9,000	30,162

Net Book Value
As at 31 March 2025	549	2,548	-	3,097

As at 1 April 2024	169	3,803	-	3,972

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Adventus Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	7,311	5,064
Due after more than one year
Trade debtors	97,896	94,455

	105,207	99,519

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	20,707	43,686
Bank loans and overdrafts	2,734	2,705
Other creditors	17,481	59,014
Taxation and social security	115,106	96,183

	156,028	201,588

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	543	3,307

8. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	2,734	2,705

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	543	3,307

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,040	1,040

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Adventus Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	21,062	25,257
Later than one year and not later than five years	20,844	36,147

	41,906	61,404

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,097		3,972

			3,097		3,972
CURRENT ASSETS
Debtors	5	105,207		99,519
Cash at bank and in hand		61,835		143,758

		167,042		243,277
Creditors: Amounts Falling Due Within One Year	6	(156,028 )		(201,588 )

NET CURRENT ASSETS (LIABILITIES)			11,014		41,689

TOTAL ASSETS LESS CURRENT LIABILITIES			14,111		45,661

Creditors: Amounts Falling Due After More Than One Year	7		(543 )		(3,307 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(755 )		(993 )

NET ASSETS			12,813		41,361

CAPITAL AND RESERVES
Called up share capital	9		1,040		1,040
Other reserves			520		520
Profit and Loss Account			11,253		39,801

SHAREHOLDERS' FUNDS			12,813		41,361