Registered number
07576164
Adamex Limited
Filleted Accounts
31 March 2023
Adamex Limited
Registered number: 07576164
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,287 2,115
Current assets
Debtors 4 28,211 12,401
Cash at bank and in hand 106,497 99,649
134,708 112,050
Creditors: amounts falling due within one year 5 (32,911) (28,636)
Net current assets 101,797 83,414
Total assets less current liabilities 103,084 85,529
Provisions for liabilities (245) (402)
Net assets 102,839 85,127
Capital and reserves
Called up share capital 100 100
Profit and loss account 102,739 85,027
Shareholders' funds 102,839 85,127
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adam Brzosko
Director
Approved by the board on 27 October 2023
Adamex Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakeholder pensio plans are expensed when paid.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 3,309 18,485 21,794
At 31 March 2023 3,309 18,485 21,794
Depreciation
At 1 April 2022 1,194 18,485 19,679
Charge for the year 828 - 828
At 31 March 2023 2,022 18,485 20,507
Net book value
At 31 March 2023 1,287 - 1,287
At 31 March 2022 2,115 - 2,115
4 Debtors 2023 2022
£ £
Other debtors - excess CIS tax due for recovery 28,211 12,401
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,003 13,762
Taxation and social security costs 25,606 14,122
Other creditors 302 752
32,911 28,636
6 Other information
Adamex Limited is a private company limited by shares and incorporated in England. Its registered office is:
97 Edison Road
Welling
Kent
DA16 3NF
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