REGISTERED NUMBER: 04171865 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

AD VALOREM ACCOUNTANCY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A Adams

N T Adams

T Foot

A Black

SECRETARY:

N T Adams

REGISTERED OFFICE:

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

04171865 (England and Wales)

AUDITORS:

SCCA LTD T/A Stafford & Co

Chartered Accountants & Statutory Auditors

3 The Studios,

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Intangible assets

4

655,911

731,003

Tangible assets

5

163,076

143,390

818,987

874,393

CURRENT ASSETS

Stocks

110,072

125,786

Debtors

6

939,101

1,134,701

Cash at bank and in hand

538

928

1,049,711

1,261,415

CREDITORS

Amounts falling due within one year

7

1,369,255

1,992,442

NET CURRENT LIABILITIES

(319,544

)

(731,027

)

TOTAL ASSETS LESS CURRENT LIABILITIES

499,443

143,366

CREDITORS

Amounts falling due after more than one year

8

(120,799

)

(88,088

)

PROVISIONS FOR LIABILITIES

(53,683

)

(41,412

)

NET ASSETS

324,961

13,866

CAPITAL AND RESERVES

Called up share capital

383

383

Capital redemption reserve

21

21

Retained earnings

324,557

13,462

324,961

13,866

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 6 July 2026 and were signed on its behalf by:

N A Adams - Director

1.	STATUTORY INFORMATION

Ad Valorem Accountancy 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.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

These financial statements have been prepared for the fifteen months to 31 December 2024. The period has been lengthened to ensure that the period end is co-terminus with the rest of the group.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill arising on acquisition is amortised on a straight-line basis over its estimated useful economic life of 20 years. The directors have concluded that a 20-year useful economic life represents the period over which the underlying economic benefits arising from acquired businesses are expected to be realised.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of three years.

CRM system is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

in accordance with the property

Leasehold improvements

-

in accordance with the property

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2024 - 61 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Goodwill

costs

CRM system

Totals

£

£

£

£

COST

At 1 January 2025

1,264,465

18,482

230,987

1,513,934

Additions

-

23,200

-

23,200

At 31 December 2025

1,264,465

41,682

230,987

1,537,134

AMORTISATION

At 1 January 2025

614,876

17,913

150,142

782,931

Amortisation for year

46,437

5,658

46,197

98,292

At 31 December 2025

661,313

23,571

196,339

881,223

NET BOOK VALUE

At 31 December 2025

603,152

18,111

34,648

655,911

At 31 December 2024

649,589

569

80,845

731,003

Prior Year Adjustment

The adjustment relates to a reassessment of the useful economic life of goodwill. The directors determined that goodwill should be amortised over 20 years rather than 10 years, resulting in a reduction in the annual amortisation charge.

Following a detailed review, the directors concluded that the previous estimate of a 10-year useful economic life did not adequately reflect the expected period over which the acquired business would contribute economic benefits to the company. The revised 20-year period is considered a more appropriate estimate based on the nature of the business and the expected longevity of the benefits arising from the acquisition.

As a result of applying the revised amortisation period, accumulated amortisation has been reduced and the carrying value of goodwill has increased by £302,365 as at 31 December 2024.

Retained earnings at 31 December 2024 have increased by £302,365, reflecting the reduction in goodwill amortisation previously charged.

Profit for the year ended 31 December 2024 has increased by £302,365 due to the lower amortisation expense arising from the revised useful economic life of goodwill.

5.	TANGIBLE FIXED ASSETS

Improvements

Leasehold

Plant and

to property

improvements

machinery

£

£

£

COST

At 1 January 2025

31,172

7,859

3,103

Additions

-

-

667

Disposals

-

-

-

At 31 December 2025

31,172

7,859

3,770

DEPRECIATION

At 1 January 2025

18,555

4,191

2,864

Charge for year

3,117

786

276

Eliminated on disposal

-

-

-

At 31 December 2025

21,672

4,977

3,140

NET BOOK VALUE

At 31 December 2025

9,500

2,882

630

At 31 December 2024

12,617

3,668

239

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

148,501

52,990

125,996

369,621

Additions

675

73,555

779

75,676

Disposals

-

(52,990

)

-

(52,990

)

At 31 December 2025

149,176

73,555

126,775

392,307

DEPRECIATION

At 1 January 2025

58,125

32,144

110,352

226,231

Charge for year

14,904

12,003

8,399

39,485

Eliminated on disposal

-

(36,485

)

-

(36,485

)

At 31 December 2025

73,029

7,662

118,751

229,231

NET BOOK VALUE

At 31 December 2025

76,147

65,893

8,024

163,076

At 31 December 2024

90,376

20,846

15,644

143,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

285,942

300,976

Amounts owed by group undertakings

375,654

-

Amounts owed by associates

11,041

-

Other debtors

266,464

833,725

939,101

1,134,701

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

110,399

95,339

Hire purchase contracts

9,850

-

Trade creditors

234,261

120,173

Amounts owed to group undertakings

455,857

1,254,738

Taxation and social security

382,255

249,172

Other creditors

176,633

273,020

1,369,255

1,992,442

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

46,909

-

Other creditors

73,890

88,088

120,799

88,088

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

The Auditors' Report was unqualified.

Robert Stafford BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of SCCA LTD T/A Stafford & Co

10.	PARENT COMPANY

The ultimate controlling party is ETL International AG, registered in Germany.

ETL International AG

Steinstrasse 41

Essen

Germany 45128