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REGISTERED NUMBER: 01728386 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Adamglow Limited

Adamglow Limited (Registered number: 01728386)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adamglow Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs L A Samuelson
A W W Samuelson





SECRETARY: Mrs L A Samuelson





REGISTERED OFFICE: Suite B, Castle House
Park Road
Banstead
Surrey
SM7 3BT





REGISTERED NUMBER: 01728386 (England and Wales)





ACCOUNTANTS: Lawrence Chartered Accountants
Castle House
Park Road
Banstead
Surrey
SM7 3BT

Adamglow Limited (Registered number: 01728386)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,221 30,076

CURRENT ASSETS
Stocks - 2,165
Debtors 5 6,092 21,480
Cash at bank 87,904 158,369
93,996 182,014
CREDITORS
Amounts falling due within one year 6 34,355 118,809
NET CURRENT ASSETS 59,641 63,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,862

93,281

CREDITORS
Amounts falling due after more than
one year

7

(16,000

)

(24,202

)

PROVISIONS FOR LIABILITIES (5,556 ) (3,143 )
NET ASSETS 60,306 65,936

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,206 65,836
60,306 65,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Adamglow Limited (Registered number: 01728386)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





A W W Samuelson - Director


Adamglow Limited (Registered number: 01728386)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Adamglow Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Adamglow Limited (Registered number: 01728386)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 140,956
DEPRECIATION
At 1 July 2022 110,880
Charge for year 7,855
At 30 June 2023 118,735
NET BOOK VALUE
At 30 June 2023 22,221
At 30 June 2022 30,076

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 5,939 21,378
Other debtors 153 102
6,092 21,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 8,000 7,798
Trade creditors 11,959 26,284
Taxation and social security 12,396 25,146
Other creditors 2,000 59,581
34,355 118,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 16,000 24,202