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REGISTERED NUMBER: 05182349 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ADAMS & ASSOCIATES LTD

ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAMS & ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: M Adams





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 05182349 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 36,000
Tangible assets 5 955 1,217
30,955 37,217

CURRENT ASSETS
Debtors 6 13 13
Cash at bank 11,543 2,183
11,556 2,196
CREDITORS
Amounts falling due within one year 7 18,588 21,857
NET CURRENT LIABILITIES (7,032 ) (19,661 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,923 17,556

CREDITORS
Amounts falling due after more than one
year

8

(76

)

(30

)

PROVISIONS FOR LIABILITIES (181 ) (231 )
NET ASSETS 23,666 17,295

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,665 17,294
SHAREHOLDERS' FUNDS 23,666 17,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 31st October 2023 and were signed by:





M Adams - Director


ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Adams & Associates Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
The company`s turnover represents the value of services supplied to customers during the year. None of the company`s turnover relates to exports.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 120,000
AMORTISATION
At 1st April 2022 84,000
Amortisation for year 6,000
At 31st March 2023 90,000
NET BOOK VALUE
At 31st March 2023 30,000
At 31st March 2022 36,000

ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 2,157 3,348 5,505
DEPRECIATION
At 1st April 2022 1,731 2,557 4,288
Charge for year 64 198 262
At 31st March 2023 1,795 2,755 4,550
NET BOOK VALUE
At 31st March 2023 362 593 955
At 31st March 2022 426 791 1,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 13 13

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 2,000 2,000
Taxation and social security 3,387 3,991
Other creditors 13,201 15,866
18,588 21,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 76 30

9. RELATED PARTY DISCLOSURES

Recorded in other creditors falling due after more than one year there is a directors loan account balance totalling £1,326 (2022: £30). This loan is interest free and is has no repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Adams.