REGISTERED NUMBER: 07306766 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2026

for

Adage Credit

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Mela

REGISTERED OFFICE:

79 Riverside Road

Sidcup

London

DA14 4PT

REGISTERED NUMBER:

07306766 (England and Wales)

ACCOUNTANTS:

The Green Accountants

www.thegreenaccountants.com

FIXED ASSETS

Intangible assets

4

42,892

57,189

Tangible assets

5

34,412

37,155

77,304

94,344

CURRENT ASSETS

Debtors

6

322,311

188,061

Cash at bank

21,340

68,870

343,651

256,931

CREDITORS

Amounts falling due within one year

7

156,522

141,887

NET CURRENT ASSETS

187,129

115,044

TOTAL ASSETS LESS CURRENT LIABILITIES

264,433

209,388

RESERVES

Income and expenditure account

264,433

209,388

264,433

209,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 20 October 2026 and were signed by:

S M Mela - Director

1.	STATUTORY INFORMATION

Adage Credit is a private company, limited by guarantee , 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.

Turnover

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

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.

Development costs are being amortised evenly over their 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.

Plant and machinery etc

-

20% on reducing balance

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 surplus or deficit 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 7 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2025

and 31 July 2026

71,486

AMORTISATION

At 1 August 2025

14,297

Charge for year

14,297

At 31 July 2026

28,594

NET BOOK VALUE

At 31 July 2026

42,892

At 31 July 2025

57,189

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2025

74,424

Additions

5,772

At 31 July 2026

80,196

DEPRECIATION

At 1 August 2025

37,269

Charge for year

8,515

At 31 July 2026

45,784

NET BOOK VALUE

At 31 July 2026

34,412

At 31 July 2025

37,155

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

£

Trade debtors

218,787

177,328

Other debtors

103,524

10,733

322,311

188,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

£

Trade creditors

2

1

Taxation and social security

2,405

1,688

Other creditors

154,115

140,198

156,522

141,887