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REGISTERED NUMBER: 09016395 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

Adams Law Limited

Adams Law Limited (Registered number: 09016395)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adams Law Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: S Issat





SECRETARY:





REGISTERED OFFICE: 59 Staveley Road
Leicester
West Midlands
LE5 5JW





REGISTERED NUMBER: 09016395 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

Adams Law Limited (Registered number: 09016395)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,756 6,851

CURRENT ASSETS
Debtors 5 1,275 1,586
Cash at bank and in hand 20,415 38,387
21,690 39,973
CREDITORS
Amounts falling due within one year 6 6,322 18,299
NET CURRENT ASSETS 15,368 21,674
TOTAL ASSETS LESS CURRENT LIABILITIES 20,124 28,525

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 20,024 28,425
SHAREHOLDERS' FUNDS 20,124 28,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 15th April 2024 and were signed by:





S Issat - Director


Adams Law Limited (Registered number: 09016395)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Adams Law 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.

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
Revenue 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.

Fixtures and fitting 15% pa on reducing balance

computer equipments 15% pa on reducing balance

Motor vehicle 15% pa on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Adams Law Limited (Registered number: 09016395)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 3,319 9,750 3,642 16,711
DEPRECIATION
At 1st April 2023 2,599 4,874 2,387 9,860
Charge for year 127 1,625 343 2,095
At 31st March 2024 2,726 6,499 2,730 11,955
NET BOOK VALUE
At 31st March 2024 593 3,251 912 4,756
At 31st March 2023 720 4,876 1,255 6,851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,275 1,586

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 3,916 1,854
Directors' current accounts 1,656 15,695
Accrued expenses 750 750
6,322 18,299

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Share Capital £1 100 100

Adams Law Limited (Registered number: 09016395)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


8. RESERVES
Retained
earnings
£   

At 1st April 2023 28,425
Profit for the year 14,599
Dividends (23,000 )
At 31st March 2024 20,024