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REGISTERED NUMBER: 05270794 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

J W ADAMS AND SONS LIMITED

J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


J W ADAMS AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







DIRECTOR: B J Adams





SECRETARY: J E Pollard





REGISTERED OFFICE: Drake House
80 Guildford Street
Chertsey
Surrey
KT16 9AD





BUSINESS ADDRESS: 19 Chapel Avenue
Addlestone
Surrey
KT15 1UH





REGISTERED NUMBER: 05270794 (England and Wales)





ACCOUNTANTS: Drake & Co
Chartered Accountants
Drake House
80 Guildford Street
Chertsey
Surrey
KT16 9AD

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J W ADAMS AND SONS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of J W Adams and Sons Limited for the year ended 30 April 2018 which comprise the Statement of
Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J W Adams and Sons Limited in accordance with the terms of our engagement letter dated 24 October 2018. Our work has been undertaken solely to prepare for your approval the financial statements of J W Adams and Sons Limited and state those matters that we have agreed to state to the director of J W Adams and Sons Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J W Adams and Sons Limited and its director for our work or for this report.

It is your duty to ensure that J W Adams and Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J W Adams and Sons Limited. You consider that J W Adams and Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J W Adams and Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Drake & Co
Chartered Accountants
Drake House
80 Guildford Street
Chertsey
Surrey
KT16 9AD


12 November 2018

J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2018

2018 2017
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 317,027 62,770

CURRENT ASSETS
Stocks 152 760
Debtors 5 6,247 58,719
Cash at bank 15,213 192,509
21,612 251,988
CREDITORS
Amounts falling due within one year 6 118,120 104,168
NET CURRENT (LIABILITIES)/ASSETS (96,508 ) 147,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,519

210,590

PROVISIONS FOR LIABILITIES 12,735 11,926
NET ASSETS 207,784 198,664

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Retained earnings 207,781 198,661
SHAREHOLDERS' FUNDS 207,784 198,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 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.

J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 8 November 2018 and were signed by:





B J Adams - Director


J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

1. STATUTORY INFORMATION

J W Adams and Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Information on the impact of first time adoption of FRS 102 (1A) is given in the notes to the accounts.

The transition date to FRS 102 (1A) is 1 May 2016.

Turnover and revenue recognition
Turnover represents sales and services provided, net of value added tax.

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in
exchange for its performance under those contracts.It is measured at the fair value of the right to consideration,
which represents amounts chargeable to clients, including recoverable expenses and disbursements, but
excluding Value Added Tax.

For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment
takes into account the nature of the assignment, its stage of completion and the relevant contract terms.

Unbilled revenue is included in debtors, under "other debtors", prebilled revenue is included in creditors under
"other creditors".

J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible 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 the assets less their residual value over their estimated useful
lives on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery - 20% and 25 %

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 Income and Retained Earnings.

Tangible assets under the revaluation model are recorded at the fair value at the date of revaluation less any
subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive
income and accumulated in equity, except to the extent that it reverses a revaluation decrease of the same asset
previously recognised in profit or loss.

A decrease in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive
income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that
asset.

Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that
asset, the excess is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Long term work in progress
For long term contract work in progress, turnover reflects costs incurred to date on the contract plus the director's
best estimate of profits attributable to the work performed to date. For this purpose the director's estimates of
attributable profits will included a proportion of total profits anticipated to be made on the contract, to the extent
that their realisation is reasonably foreseeable, and after making provision for all future costs including possible
warranty claims.

Long-term contracts are assessed on a contract-by-contact basis and reflected in the profit and loss account by
recording turnover and related costs as contract activity progresses. Long term contract balances included in
stocks comprise costs incurred on long term contracts, net of amounts transferred to cost of sales, after deducting
foreseeable losses and related payments on account. Costs included all direct material and labour costs incurred
in bringing a contract to its state of completion at the balance sheet date, including an appropriate proportion of
indirect expenses, Where payment on account exceed turnover to date, the excess is classified as a deduction
from any balance on that contract in stocks, with any residual balance in excess of cost being classified within
creditors an 'long-term contracts payments on account'.

Financial instruments
The company mainly enters into basic financial instrument 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 and loans
to or from related parties.

Debt instruments (other than those wholly repayable or receivable on demand or within one year), including
loans and other accounts receivable and payable, are initially measured at present value of the future cash flows
and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are
measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to
be received. However if the arrangements of a short-term instrument constitute a financing transaction, like the
payment of a trade debt deferred beyond normal normal business terms or financed at a rate of interest that is not
a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is
measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar
debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in the Statement of Income and Retained Earnings.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Statement of
Financial position date and carried forward to future periods. This is measured at at the undiscounted salary cost
of the future holiday entitlement do accrued at the Statement of Financial Position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2017 - 165,783 165,783
Additions 257,852 47,422 305,274
Disposals - (34,489 ) (34,489 )
Revaluations (7,852 ) - (7,852 )
At 30 April 2018 250,000 178,716 428,716
DEPRECIATION
At 1 May 2017 - 103,013 103,013
Charge for year - 31,671 31,671
Eliminated on disposal - (22,995 ) (22,995 )
At 30 April 2018 - 111,689 111,689
NET BOOK VALUE
At 30 April 2018 250,000 67,027 317,027
At 30 April 2017 - 62,770 62,770

Cost or valuation at 30 April 2018 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 250,000 - 250,000
Cost - 178,716 178,716
250,000 178,716 428,716

If the freehold land and building had not been revalued they would have been included at the following historical
cost:

2018 2017
as restated
£    £   
Cost 257,852 -
Aggregate depreciation 3,157 -

Value of land in freehold land and buildings 100,000 -

Freehold land and buildings were valued on an open market basis on 30 April 2018 by the director .

J W ADAMS AND SONS LIMITED (REGISTERED NUMBER: 05270794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
as restated
£    £   
Trade debtors 567 46,130
Other debtors 5,680 12,589
6,247 58,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
as restated
£    £   
Trade creditors 7,678 20,167
Taxation and social security 49,963 93,366
Other creditors 60,479 (9,365 )
118,120 104,168

7. CONTINGENT LIABILITIES

No contingent liabilities exist.

8. CAPITAL COMMITMENTS
2018 2017
as restated
£    £   
Contracted but not provided for in the
financial statements - -

9. ULTIMATE CONTROLLING PARTY

The shareholders are jointly the controlling party.