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REGISTERED NUMBER: SC243929 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

ADAMSPUBCO LTD

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAMSPUBCO LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P C Adams
E Adams





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC243929 (Scotland)






ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,661 18,113
Tangible assets 5 133,506 138,927
136,167 157,040

CURRENT ASSETS
Debtors 6 98,272 60,799
Cash at bank 3,937 142,364
102,209 203,163
CREDITORS
Amounts falling due within one year 7 342,527 102,192
NET CURRENT (LIABILITIES)/ASSETS (240,318 ) 100,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

(104,151

)

258,011

CREDITORS
Amounts falling due after more than one year 8 164,605 196,943
NET (LIABILITIES)/ASSETS (268,756 ) 61,068

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 4,344 4,344
Retained earnings (273,200 ) 56,624
(268,756 ) 61,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Balance Sheet - continued
31 March 2023


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 22 March 2024 and were signed on its behalf by:





P C Adams - Director


ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Adamspubco Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill is being amortised evenly over its estimated useful life

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 309,044
AMORTISATION
At 1 April 2022 290,931
Charge for year 15,452
At 31 March 2023 306,383
NET BOOK VALUE
At 31 March 2023 2,661
At 31 March 2022 18,113

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 76,151 16,713 57,445
Additions - - 5,692
At 31 March 2023 76,151 16,713 63,137
DEPRECIATION
At 1 April 2022 - 2,396 42,289
Charge for year - 1,431 4,501
At 31 March 2023 - 3,827 46,790
NET BOOK VALUE
At 31 March 2023 76,151 12,886 16,347
At 31 March 2022 76,151 14,317 15,156

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 67,651 8,500 2,668 229,128
Additions - - - 5,692
At 31 March 2023 67,651 8,500 2,668 234,820
DEPRECIATION
At 1 April 2022 36,196 7,995 1,325 90,201
Charge for year 4,718 127 336 11,113
At 31 March 2023 40,914 8,122 1,661 101,314
NET BOOK VALUE
At 31 March 2023 26,737 378 1,007 133,506
At 31 March 2022 31,455 505 1,343 138,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 77,419 13,801
Other debtors 20,853 46,998
98,272 60,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,896 25,896
Trade creditors 31,613 45,221
Amounts owed to participating interests 1,080 4,385
Taxation and social security 4,491 7,992
Other creditors 279,447 18,698
342,527 102,192

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 140,269 161,849
Other creditors 24,336 35,094
164,605 196,943

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 4,344

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
E Adams
Balance outstanding at start of year 18,796 (850 )
Amounts advanced 27,068 37,346
Amounts repaid (72,681 ) (17,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,817 ) 18,796

P C Adams
Balance outstanding at start of year 6,025 13,085
Amounts advanced 23,975 -
Amounts repaid (26,775 ) (7,060 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,225 6,025

11. ULTIMATE CONTROLLING PARTY

The controlling party is P C Adams.

12. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.