Registered number: 06708139 | ||||||||
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FOR THE YEAR ENDED 31/03/2021 | ||||||||
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Prepared By: | ||||||||
C K Firrell Accountancy Services Ltd | ||||||||
9 Enterprise Close | ||||||||
Warsash | ||||||||
Southampton | ||||||||
SO31 9BD |
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Applied Driving Techniques (Global Solutions) Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2021 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Hants | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06708139 | ||||||||
ACCOUNTANTS | ||||||||
C K Firrell Accountancy Services Ltd | ||||||||
9 Enterprise Close | ||||||||
Warsash | ||||||||
Southampton | ||||||||
SO31 9BD |
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Applied Driving Techniques (Global Solutions) Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Applied Driving Techniques (Global Solutions) Ltd | ||||||||
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BALANCE SHEET AT
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2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors | 3 |
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Cash at bank and in hand |
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652,990 | 480,081 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT (LIABILITIES) / ASSETS |
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10,093 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 5 | 24,256 | 70,418 | |||||||
NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | 323,793 | 276,290 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Applied Driving Techniques (Global Solutions) Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2021 | ||||||||||
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 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance method. 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 the Statement of Comprehensive Income. | ||||||||
Depreciation is provided on the following basis: | ||||||||
Plant And Machinery | reducing balance 25 % |
1c. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1d. Dividends | ||||||||
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. |
1e. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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Applied Driving Techniques (Global Solutions) Ltd | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2020 | 588,547 | 588,547 | ||
Additions | 243,502 | 243,502 | ||
At 31/03/2021 | 832,049 | 832,049 | ||
Depreciation | ||||
At 01/04/2020 | 251,732 | 251,732 | ||
For the year | 103,746 | 103,746 | ||
At 31/03/2021 | 355,478 | 355,478 | ||
Net Book Amounts | ||||
At 31/03/2021 |
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476,571 | ||
At 31/03/2020 |
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336,815 | ||
3. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 178,006 | 122,234 | ||||||
UK corporation tax | 84,140 | 64,666 | ||||||
Other debtors | - | 400 | ||||||
Amounts due from group companies | 330,019 | 257,988 | ||||||
Prepayments | - | 1,512 | ||||||
Accrued income | - | 30,059 | ||||||
Directors current account | 53,150 | - | ||||||
645,315 | 476,859 | |||||||
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Applied Driving Techniques (Global Solutions) Ltd | ||||||||
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
VAT | 70,404 | 38,326 | ||||||
PAYE control | 76,843 | 51,907 | ||||||
Salaries and wages control | 466 | - | ||||||
Directors current account | - | 15,387 | ||||||
Bank loans and overdrafts | - | 310 | ||||||
Factoring loan | 122,197 | 146,008 | ||||||
Bank Loans | 53,298 | 3,229 | ||||||
Credit card | 1,463 | - | ||||||
Payments received on account | 21,472 | 26,110 | ||||||
Trade creditors | 218,955 | 180,851 | ||||||
Pension control account | 13,119 | 1,648 | ||||||
Accruals | 201,395 | 4,512 | ||||||
Amounts due to group companies | 1,700 | 1,700 | ||||||
781,312 | 469,988 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 4,456 | 8,118 | ||||||
Other creditors > 1yr | 19,800 | 62,300 | ||||||
24,256 | 70,418 | |||||||
6. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees |
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25 | ||||
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Applied Driving Techniques (Global Solutions) Ltd | ||||||||
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7. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
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100 | 100 | ||||||
200 | 200 | |||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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9. GUARNATEES AND OTHER FINANCIAL COMMITMENTS | ||||||||
The compay has total guarnatees and commitments at the year end of £7,755 (2020 - £11,347). | ||||||||