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Registered number: 12726923 ADJUSTECK LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2025
ADJUSTECK LTD REGISTERED NUMBER: 12726923 BALANCE SHEET AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,022 |  | 1,022
|  |  | 1,022 |  | 1,022
Current assets |  |  |  |  |
Stocks |  | 212,458 |  | 239,413 |
Debtors: amounts falling due within one year | 5 | 201,252 |  | 288,765 |
|  | 413,710 |  | 528,178 |
Creditors: amounts falling due within one year | 6 | (1,341,296) |  | (1,336,943) |
Net current liabilities |  |  | (927,586) |  | (808,766)
Total assets less current liabilities |  |  | (926,564) |  | (807,744)
Net liabilities |  |  | (926,564) |  | (807,744)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (926,664) |  | (807,844)
|  |  | (926,564) |  | (807,744)
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2026.
D J Bosley | D M Lowers
Director | Director
Page 1
ADJUSTECK LTD REGISTERED NUMBER: 12726923 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025 The notes on pages 3 to 6 form part of these financial statements. Page 2
ADJUSTECK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Adjusteck Limited is a private company limited by shares and incorporated in England. Its registered office is 70 Gracechurch Street, London, England, EC3V 0HR 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company had a deficit on shareholders' funds at 31.07.24 of £807,844. However, the directors are of the opinion that the company has and will continue to have the support of its creditors and associated companies for the foreseeable future. In the light of these factors, the directors consider it appropriate to adopt the going concern basis in the preparation of these financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
ADJUSTECK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue 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.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 20% | Straight Line
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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
ADJUSTECK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 August 2024 | 1,022
| At 31 July 2025 | 1,022
| Net book value |
| At 31 July 2025 | 1,022
| At 31 July 2024 | 1,022
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 165,730 | 252,631
| Amounts owed by joint ventures and associated undertakings | 22,056 | 22,668
| Other debtors | 100 | 100
| Prepayments and accrued income | 13,366 | 13,366
|  | 201,252 | 288,765
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ADJUSTECK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 54,493 | 48,356
| Amounts owed to group undertakings | 779,767 | 752,457
| Amounts owed to other participating interests | 446,475 | 438,851
| Other taxation and social security | 23,709 | 50,519
| Other creditors | 11,967 | 2,415
| Accruals and deferred income | 24,885 | 44,345
|  | 1,341,296 | 1,336,943
7. | Related party transactions
| At the year end the company had a creditor balance of £777,591 (2024 : £750,281) with Lowers Risk Group LLC, its ultimate controlling party. At the year end the company had a creditor balance of £446,475 (2024 : £438,851) to Lowers & Associates, a partnership of which D M Lowers, the director, is a partner. At the year end the company had a debtor of £1,851 (2024 debtor: £2,436) with Lowers Forensics International LLC, a company of which D M Lowers, a director, is a director and shareholder. These balances arose where the businesses arranged and paid for transactions on behalf of the company.
8. | Controlling party
Adjusteck Ltd's parent company is Adjusteck US LLC. Its registered office is 125 Hirst Road, Purcellville, VA, 20132 - 6000, USA The ultimate controlling party is Lowers Risk Group LLC. Its registered office is 125 E Hirst Road STE 3C, Purcellville, VA, 20132 - 0000, USA. Both companies are incorporated in the USA and do not produce accounts for public use.
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