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REGISTERED NUMBER: 07300182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ADAMS CONSULTING PARTNERS LIMITED

ADAMS CONSULTING PARTNERS LIMITED (REGISTERED NUMBER: 07300182)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADAMS CONSULTING PARTNERS LIMITED

COMPANY INFORMATION
for the year ended 30 JUNE 2023







DIRECTORS: J F Adams
P J C Adams





REGISTERED OFFICE: St Petrock House Ashmore Green Road
Cold Ash
Thatcham
Berks
RG18 9JD





REGISTERED NUMBER: 07300182 (England and Wales)





ACCOUNTANTS: C B Heslop And Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

ADAMS CONSULTING PARTNERS LIMITED (REGISTERED NUMBER: 07300182)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,109 638
2,109 638

CURRENT ASSETS
Debtors 6 1,362 554
Cash at bank 69,884 93,738
71,246 94,292
CREDITORS
Amounts falling due within one year 7 59,086 90,724
NET CURRENT ASSETS 12,160 3,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,269

4,206

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 14,069 4,006
SHAREHOLDERS' FUNDS 14,269 4,206

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.

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 7 March 2024 and were signed on its behalf by:




P J C Adams - Director


ADAMS CONSULTING PARTNERS LIMITED (REGISTERED NUMBER: 07300182)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2023

1. STATUTORY INFORMATION

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

Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortized over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
The goodwill is been written off over 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% 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.

ADAMS CONSULTING PARTNERS LIMITED (REGISTERED NUMBER: 07300182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 124,032
AMORTISATION
At 1 July 2022
and 30 June 2023 124,032
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2022 3,314
Additions 2,174
At 30 June 2023 5,488
DEPRECIATION
At 1 July 2022 2,676
Charge for year 703
At 30 June 2023 3,379
NET BOOK VALUE
At 30 June 2023 2,109
At 30 June 2022 638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,362 554

ADAMS CONSULTING PARTNERS LIMITED (REGISTERED NUMBER: 07300182)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 1,206 1,249
Other creditors 57,880 89,475
59,086 90,724

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
200 Ordinary £1 200 200

9. RESERVES
Retained
earnings
£   

At 1 July 2022 4,006
Profit for the year 11,703
Dividends (1,640 )
At 30 June 2023 14,069

10. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date.

11. RELATED PARTY TRANSACTIONS

P J C Adams & J F Adams (directors) have made a loan to the company. At the balance sheet date the amount due to P J C Adams & J F Adams was £57,297 (2022: £88,892).