ADS Structural Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07888560 (England and Wales)

ADS STRUCTURAL LIMITED

Unaudited Financial Statements

for the Period 1 January 2022 to 31 March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Bristow

D Sparkes

S Hornby

REGISTERED OFFICE:

3 The Studios

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

REGISTERED NUMBER:

07888560 (England and Wales)

ACCOUNTANTS:

SCCA Limited T/a Stafford & Co

Chartered Accountants

3 The Studios

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Intangible assets

4

5,769

9,889

Tangible assets

5

8,371

6,662

14,140

16,551

CURRENT ASSETS

Debtors

6

423,693

158,278

Cash at bank

181,134

219,160

604,827

377,438

CREDITORS

Amounts falling due within one year

7

322,762

207,664

NET CURRENT ASSETS

282,065

169,774

TOTAL ASSETS LESS CURRENT LIABILITIES

296,205

186,325

CREDITORS

Amounts falling due after more than one year

8

(22,438

)

(34,166

)

PROVISIONS FOR LIABILITIES

(1,666

)

-

NET ASSETS

272,101

152,159

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

272,098

152,156

SHAREHOLDERS' FUNDS

272,101

152,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit or loss 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 Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:

A Bristow - Director

1.	STATUTORY INFORMATION

ADS Structural 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.

The reporting period has been extended by 3 months to run in line with the acquisition date by a new parent company at the financial year end. The comparatives in the accounts relate to a 12 month period and the current reporting period is 15 month period.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Fixtures and fittings

-

25% straight line

Computer equipment

-

25% reducing balance

Taxation

Taxation for the period 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 period 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.

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.

Reporting period

The reporting period has been extended to 31st March 2023 for operational reasons. The prior year accounts had a reporting date of 31st December 2021. Therefore the accounts are not comparable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2021 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2022

and 31 March 2023

13,185

AMORTISATION

At 1 January 2022

3,296

Charge for period

4,120

At 31 March 2023

7,416

NET BOOK VALUE

At 31 March 2023

5,769

At 31 December 2021

9,889

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

33,143

Additions

5,427

At 31 March 2023

38,570

DEPRECIATION

At 1 January 2022

26,481

Charge for period

3,718

At 31 March 2023

30,199

NET BOOK VALUE

At 31 March 2023

8,371

At 31 December 2021

6,662

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Trade debtors

418,376

149,233

Other debtors

5,317

9,045

423,693

158,278

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Bank loans and overdrafts

9,951

10,000

Trade creditors

7,003

18,239

Taxation and social security

237,550

112,777

Other creditors

68,258

66,648

322,762

207,664

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2021

£

£

Bank loans

22,438

34,166

9.	CONTROLLING PARTY

The controlling party is Dynamic Ground Engineering Ltd.