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Company Registration No. 04877946 (England and Wales)
ADAM MARGETTS LIMITED Unaudited accounts for the year ended 31 August 2023
ADAM MARGETTS LIMITED Unaudited accounts Contents
Page
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ADAM MARGETTS LIMITED Company Information for the year ended 31 August 2023
Director
Adam Margetts
Secretary
Mrs B Margetts
Company Number
04877946 (England and Wales)
Registered Office
Chalfont St Peter SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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ADAM MARGETTS LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
9,214 
11,681 
Cash at bank and in hand
1,120 
3,501 
10,334 
15,182 
Creditors: amounts falling due within one year
(10,311)
(15,044)
Net current assets
23 
138 
Net assets
23 
138 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
21 
136 
Shareholders' funds
23 
138 
For the year ending 31 August 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 27 February 2024 and were signed on its behalf by
Adam Margetts Director Company Registration No. 04877946
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ADAM MARGETTS LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
ADAM MARGETTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04877946. The registered office is Chalfont St Peter, SL9 9QL, 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:
Fixtures & fittings
25% per annum reducing balance
Computer equipment
25% per annum of cost
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
213 
At 31 August 2023
213 
Depreciation
At 1 September 2022
213 
At 31 August 2023
213 
Net book value
At 31 August 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,300 
Other debtors
9,214 
8,381 
9,214 
11,681 
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ADAM MARGETTS LIMITED Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,250 
11,250 
Taxes and social security
1,146 
2,879 
Accruals
915 
915 
10,311 
15,044 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
At 31st August 2023 Mr A Margetts owes the company £9,214 (2022 - £8,381). These are interest free loans.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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