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Company Registration No. 10205184 (England and Wales)
Adam's Discount Electronics Limited Unaudited accounts for the year ended 31 May 2023
Adam's Discount Electronics Limited Unaudited accounts Contents
Page
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Adam's Discount Electronics Limited Company Information for the year ended 31 May 2023
Director
WILLIAMSON, Adam Keith
Company Number
10205184 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON WC2H 9JQ UNITED KINGDOM
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Adam's Discount Electronics Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
569 
Current assets
Inventories
84,883 
69,297 
Debtors
1,800 
- 
Cash at bank and in hand
4,808 
9,618 
91,491 
78,915 
Creditors: amounts falling due within one year
(57,336)
(53,855)
Net current assets
34,155 
25,060 
Total assets less current liabilities
34,155 
25,629 
Creditors: amounts falling due after more than one year
(33,923)
(39,605)
Net assets/(liabilities)
232 
(13,976)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,800 
- 
Profit and loss account
(1,668)
(14,076)
Shareholders' funds
232 
(13,976)
For the year ending 31 May 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 4 January 2024 and were signed on its behalf by
WILLIAMSON, Adam Keith Director Company Registration No. 10205184
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Adam's Discount Electronics Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Adam's Discount Electronics Limited is a private company, limited by shares, registered in England and Wales, registration number 10205184. The registered office is 71-75 SHELTON STREET, LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
straight line basis over 5 years
Fixtures & fittings
straight line basis over 5 years
Computer equipment
straight line basis over 3 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
135 
415 
1,709 
2,259 
At 31 May 2023
135 
415 
1,709 
2,259 
Depreciation
At 1 June 2022
135 
415 
1,140 
1,690 
Charge for the year
- 
- 
569 
569 
At 31 May 2023
135 
415 
1,709 
2,259 
Net book value
At 31 May 2023
- 
- 
- 
- 
At 31 May 2022
- 
- 
569 
569 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,800 
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Adam's Discount Electronics Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,333 
8,333 
Trade creditors
- 
2,966 
Taxes and social security
5,785 
6,691 
Other creditors
37,353 
31,079 
Deferred income
5,865 
4,786 
57,336 
53,855 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,923 
39,605 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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