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Company Registration No. 05536354 (England and Wales)
J. E. Adams Limited Unaudited accounts for the year ended 5 April 2023
J. E. Adams Limited Unaudited accounts Contents
Page
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J. E. Adams Limited Company Information for the year ended 5 April 2023
Director
J Adams
Company Number
05536354 (England and Wales)
Registered Office
41 Fore Street St Just Cornwall TR19 7LJ England
Accountants
Darroch Accountancy Ltd 9 Old Foundry Close St Just Cornwall TR19 7QS
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J. E. Adams Limited Statement of financial position as at 5 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
746 
880 
Current assets
Inventories
2,750 
1,672 
Cash at bank and in hand
1 
5,568 
2,751 
7,240 
Creditors: amounts falling due within one year
(50,189)
(52,044)
Net current liabilities
(47,438)
(44,804)
Total assets less current liabilities
(46,692)
(43,924)
Creditors: amounts falling due after more than one year
(5,300)
(9,667)
Net liabilities
(51,992)
(53,591)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(52,002)
(53,601)
Shareholders' funds
(51,992)
(53,591)
For the year ending 5 April 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2023 and were signed on its behalf by
J Adams Director Company Registration No. 05536354
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J. E. Adams Limited Notes to the Accounts for the year ended 5 April 2023
1
Statutory information
J. E. Adams Limited is a private company, limited by shares, registered in England and Wales, registration number 05536354. The registered office is 41 Fore Street, St Just, Cornwall, TR19 7LJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 6 April 2022
3,613 
704 
4,317 
At 5 April 2023
3,613 
704 
4,317 
Depreciation
At 6 April 2022
2,742 
695 
3,437 
Charge for the year
131 
3 
134 
At 5 April 2023
2,873 
698 
3,571 
Net book value
At 5 April 2023
740 
6 
746 
At 5 April 2022
871 
9 
880 
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J. E. Adams Limited Notes to the Accounts for the year ended 5 April 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,554 
2,357 
Other creditors
4,250 
2,860 
Loans from directors
41,425 
45,725 
Accruals
960 
1,102 
50,189 
52,044 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,300 
9,667 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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