Accounts filed on 31-03-2022

Accounts filed on 31-03-2022

AD 2441 LTD - Company Information

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Registered number: 12363852
AD 2441 Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
AD 2441 Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
Adrian Davies
REGISTERED OFFICE
3 Castle Street
Eccleshall
Stafford
ST21 6DF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12363852
BANKERS
National Westminster Bank
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
AD 2441 Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4
AD 2441 Ltd
BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Tangible assets3303,101301,101
CURRENT ASSETS
Debtors53,9801,426
Cash at bank and in hand23,9113,338
27,8914,764
CREDITORS: Amounts falling due within one year634,11821,022
NET CURRENT LIABILITIES(6,227)(16,258)
TOTAL ASSETS LESS CURRENT LIABILITIES296,874284,843
CREDITORS: Amounts falling due after more than one year730,167252,126
NET ASSETS266,70732,717
CAPITAL AND RESERVES
Called up share capital8100100
Revaluation reserve1e,9150,000-
Profit and loss account116,60732,617
SHAREHOLDERS' FUNDS266,70732,717
For the year ending 31/03/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/09/2022 and signed on their behalf by
Adrian Davies
Director
AD 2441 Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20222021
No.No.
Average number of employees11
AD 2441 Ltd
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
Additions3,0003,000
At 31/03/20223,0003,000
Depreciation
For the year1,0001,000
At 31/03/20221,0001,000
Net Book Amounts
At 31/03/20222,0002,000
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/2021301,101301,101
Disposals(150,000)(150,000)
Revaluation150,000150,000
At 31/03/2022301,101301,101
The investment property was revalued by the director Mr A Davies on 31 March 2022. Despite the sale of the additional land opposite the investment property the director considers that the remaining property is still worth approximtely £300,000, hence the upward revaluation.
5. DEBTORS 20222021
££
Amounts falling due within one year
Prepayments-1,426
Directors current account3,980-
3,9801,426
AD 2441 Ltd
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax19,0217,654
VAT2,2472,217
Directors current account-1,927
Bank Loan10,0007,874
Trade creditors1,0001,000
Other creditors1,500-
Accruals350350
34,11821,022
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (unsecured) >1yr30,16742,126
Directors loan > 1yr-210,000
30,167252,126
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Oridnary shares of £1 each100100
100100
9. REVALUATION RESERVE 20222021
££
Revaluation reserve150,000-
150,000-