Registered number
04812637
Adhesive Backed Materials Ltd
Unaudited Filleted Accounts
31 August 2023
Adhesive Backed Materials Ltd
Registered number: 04812637
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 104,366 57,458
Current assets
Stocks 97,961 93,143
Debtors 4 107,621 128,915
Cash at bank and in hand 70,563 18,968
276,145 241,026
Creditors: amounts falling due within one year 5 (81,502) (110,947)
Net current assets 194,643 130,079
Total assets less current liabilities 299,009 187,537
Creditors: amounts falling due after more than one year 6 (18,239) (28,297)
Provisions for liabilities (25,181) (8,911)
Net assets 255,589 150,329
Capital and reserves
Called up share capital 666 666
Profit and loss account 254,923 149,663
Shareholders' funds 255,589 150,329
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gareth Bowden
Director
Approved by the board on 28 February 2024
Adhesive Backed Materials Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Computer equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 9
3 Tangible fixed assets
Fixtures, fittings and computer equipment Plant and machinery etc Total
£ £ £
Cost
At 1 September 2022 36,922 188,002 224,924
Additions 3,002 80,511 83,513
Disposals (2,956) (23,787) (26,743)
At 31 August 2023 36,968 244,726 281,694
Depreciation
At 1 September 2022 28,408 139,058 167,466
Charge for the year 2,608 32,079 34,687
On disposals (2,180) (22,645) (24,825)
At 31 August 2023 28,836 148,492 177,328
Net book value
At 31 August 2023 8,132 96,234 104,366
At 31 August 2022 8,514 48,944 57,458
4 Debtors 2023 2022
£ £
Trade debtors 100,917 124,173
Overdrawn director's loan account - 79
Other debtors 6,704 4,663
107,621 128,915
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 11,369 11,128
Trade creditors 33,283 52,976
Taxation and social security costs 31,728 27,056
Directors current account 1,142 525
Other creditors 3,980 19,262
81,502 110,947
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,239 28,297
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 193,667 23,333
8 Related party transactions
Elaina Bowden
Elaina Bowden is a relative of company director Gareth Bowden.
During the year wages costs totalling £2,921.25 were incurred in relation to Elaina Bowden as an employee of Adhesive Backed Materials Ltd.
Ethan Bowden
Ethan Bowden is the son of company director Gareth Bowden.
During the year wages costs totalling £6,186.50 (2022: £948.15) were incurred in relation to Ethan Bowden as an employee of Adhesive Backed Materials Ltd.
10 Transactions with directors
During the year both directors used a current account with the company to record amounts due to them and amounts drawn by them.

The accounts show an amount owing back to Gareth Bowden as a director as at 31st August 2023 of £400.90. As at 31st August 2022 Gareth Bowden's director's account was overdrawn by £78.55.

The accounts show an amount owing back to Paul Stevens as a director as at 31st August 2023 of £740.83 (2022: £524.83). The amount is repayable on demand and does not carry interest.
9 Controlling party
Mr Gareth Bowden is a director of the company and works full time in the business and controls the daily running of the company, and holds 100% of the share capital. He is therefore company's ultimate controlling party.
10 Other information
Adhesive Backed Materials Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Crown Business Park
Tredegar
Gwent
NP22 4EF
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