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
J. E. Adams Limited
Company Information
for the year ended 5 April 2023
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
J. E. Adams Limited
Statement of financial position
as at 5 April 2023
Cash at bank and in hand
1
5,568
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)
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
J. E. Adams Limited
Notes to the Accounts
for the year ended 5 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).