1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 61,284 14,340 46,944 9,389 9,389 37,555 xbrli:pure xbrli:shares iso4217:GBP 11850940 2022-03-01 2023-02-28 11850940 2023-02-28 11850940 2022-02-28 11850940 2021-03-01 2022-02-28 11850940 2022-02-28 11850940 2021-02-28 11850940 core:MotorVehicles 2022-03-01 2023-02-28 11850940 bus:Director1 2022-03-01 2023-02-28 11850940 core:MotorVehicles 2023-02-28 11850940 core:WithinOneYear 2023-02-28 11850940 core:WithinOneYear 2022-02-28 11850940 core:AfterOneYear 2023-02-28 11850940 core:AfterOneYear 2022-02-28 11850940 core:ShareCapital 2023-02-28 11850940 core:ShareCapital 2022-02-28 11850940 core:RetainedEarningsAccumulatedLosses 2023-02-28 11850940 core:RetainedEarningsAccumulatedLosses 2022-02-28 11850940 bus:SmallEntities 2022-03-01 2023-02-28 11850940 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11850940 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11850940 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11850940 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 11850940
Adapt A Room Limited
Filleted Unaudited Financial Statements
28 February 2023
Adapt A Room Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
37,555
Current assets
Stocks
2,824
3,978
Cash at bank and in hand
7,471
6,789
--------
--------
10,295
10,767
Creditors: amounts falling due within one year
6
8,716
4,103
--------
--------
Net current assets
1,579
6,664
--------
-------
Total assets less current liabilities
39,134
6,664
Creditors: amounts falling due after more than one year
7
32,152
6,500
--------
-------
Net assets
6,982
164
--------
-------
Capital and reserves
Called up share capital
10
10
Profit and loss account
6,972
154
-------
----
Shareholders funds
6,982
164
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28th February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Adapt A Room Limited
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 13 November 2023 , and are signed on behalf of the board by:
Mr R Brooks
Director
Company registration number: 11850940
Adapt A Room Limited
Notes to the Financial Statements
Year ended 28th February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Motor vehicles
£
Cost
At 1st March 2022
Additions
61,284
Disposals
( 14,340)
--------
At 28th February 2023
46,944
--------
Depreciation
At 1st March 2022
Charge for the year
9,389
--------
At 28th February 2023
9,389
--------
Carrying amount
At 28th February 2023
37,555
--------
At 28th February 2022
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,039
2,001
Social security and other taxes
2,106
1,105
Other creditors
4,571
997
-------
-------
8,716
4,103
-------
-------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
4,460
6,500
Other creditors
27,692
--------
-------
32,152
6,500
--------
-------
8. Related party transactions
At the year end the company owed to its director £106 (2022 - £30).