Company Registration No. 11736986 (England and Wales)
ADAMS CONTRACTS & BUILDING SERVICES LTD
Unaudited accounts
for the year ended 31 December 2023
ADAMS CONTRACTS & BUILDING SERVICES LTD
Unaudited accounts
Contents
ADAMS CONTRACTS & BUILDING SERVICES LTD
Company Information
for the year ended 31 December 2023
Company Number
11736986 (England and Wales)
Registered Office
40 ROTTERDAM ROAD
LOWESTOFT
SUFFOLK
NR32 2HA
ENGLAND
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
ADAMS CONTRACTS & BUILDING SERVICES LTD
Statement of financial position
as at 31 December 2023
Tangible assets
32,449
18,542
Cash at bank and in hand
40,775
71,002
Creditors: amounts falling due within one year
(20,395)
(33,004)
Net current assets
26,053
41,480
Called up share capital
2
2
Profit and loss account
58,500
60,020
Shareholders' funds
58,502
60,022
For the year ending 31 December 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 his 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 22 February 2024 and were signed on its behalf by
Rory Adams
Director
Company Registration No. 11736986
ADAMS CONTRACTS & BUILDING SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
ADAMS CONTRACTS & BUILDING SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11736986. The registered office is 40 ROTTERDAM ROAD, LOWESTOFT, SUFFOLK, NR32 2HA, 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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
2,712
19,912
1,967
24,591
Additions
1,588
19,990
441
22,019
At 31 December 2023
4,300
39,902
2,408
46,610
At 1 January 2023
676
4,782
591
6,049
Charge for the year
725
7,024
363
8,112
At 31 December 2023
1,401
11,806
954
14,161
At 31 December 2023
2,899
28,096
1,454
32,449
At 31 December 2022
2,036
15,130
1,376
18,542
ADAMS CONTRACTS & BUILDING SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
11,625
13,237
Loans from directors
-
270
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).