1 October 2022 false No description of principal activity Taxfiler 2024.1 12218976business:PrivateLimitedCompanyLtd2022-10-012023-09-30 122189762022-09-30 122189762022-10-012023-09-30 12218976business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 12218976business:FilletedAccounts2022-10-012023-09-30 122189762023-09-30 12218976business:Director12022-10-012023-09-30 12218976business:RegisteredOffice2022-10-012023-09-30 122189762022-09-30 12218976core:WithinOneYear2023-09-30 12218976core:WithinOneYear2022-09-30 12218976core:AfterOneYear2023-09-30 12218976core:AfterOneYear2022-09-30 12218976core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 12218976core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 12218976core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 12218976core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 12218976core:PreviouslyStatedAmount2023-09-30 12218976core:PreviouslyStatedAmount2022-09-30 12218976business:SmallEntities2022-10-012023-09-30 12218976countries:EnglandWales2022-10-012023-09-30 12218976core:MotorVehicles2022-10-012023-09-30 12218976core:FurnitureFittings2022-10-012023-09-30 12218976core:ComputerEquipment2022-10-012023-09-30 12218976core:MotorVehicles2022-09-30 12218976core:FurnitureFittings2022-09-30 12218976core:ComputerEquipment2022-09-30 12218976core:MotorVehicles2023-09-30 12218976core:FurnitureFittings2023-09-30 12218976core:ComputerEquipment2023-09-30 12218976core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-09-30 12218976core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-09-30 12218976core:AfterOneYear2022-10-012023-09-30 12218976core:AcceleratedTaxDepreciationDeferredTax2023-09-30 12218976core:AcceleratedTaxDepreciationDeferredTax2022-09-30 122189762021-09-30 122189762021-10-012022-09-30 12218976business:OrdinaryShareClass12022-10-012023-09-30 12218976business:OrdinaryShareClass12021-10-012022-09-30 12218976business:Director112022-10-012023-09-30 12218976business:Director112022-09-30 12218976business:Director112023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12218976 (England and Wales)
Adams Paving Ltd Unaudited accounts for the year ended 30 September 2023
Adams Paving Ltd Unaudited accounts Contents
Page
- 2 -
Adams Paving Ltd Company Information for the year ended 30 September 2023
Director
Kieran Adams
Company Number
12218976 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
- 3 -
Adams Paving Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,154 
8,205 
Current assets
Debtors
9,630 
26,188 
Cash at bank and in hand
3,913 
2,066 
13,543 
28,254 
Creditors: amounts falling due within one year
(15,998)
(30,845)
Net current liabilities
(2,455)
(2,591)
Total assets less current liabilities
3,699 
5,614 
Creditors: amounts falling due after more than one year
(1,333)
(3,421)
Provisions for liabilities
Deferred tax
(1,956)
(1,956)
Net assets
410 
237 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
310 
137 
Shareholders' funds
410 
237 
For the year ending 30 September 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 13 March 2024 and were signed on its behalf by
Kieran Adams Director Company Registration No. 12218976
- 4 -
Adams Paving Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Adams Paving Ltd is a private company, limited by shares, registered in England and Wales, registration number 12218976. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased & Hire Purchase Assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
Adams Paving Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
18,195 
700 
550 
19,445 
At 30 September 2023
18,195 
700 
550 
19,445 
Depreciation
At 1 October 2022
10,518 
404 
318 
11,240 
Charge for the year
1,919 
74 
58 
2,051 
At 30 September 2023
12,437 
478 
376 
13,291 
Net book value
At 30 September 2023
5,758 
222 
174 
6,154 
At 30 September 2022
7,677 
296 
232 
8,205 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
2,400 
6,959 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
683 
530 
Trade debtors
3,308 
- 
Other debtors
5,639 
14,317 
9,630 
14,847 
Amounts falling due after more than one year
Other debtors
- 
11,341 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
800 
800 
Obligations under finance leases and hire purchase contracts
2,400 
4,211 
Trade creditors
1,776 
112 
Taxes and social security
9,435 
10,754 
Loans from directors
(4,702)
- 
Accruals
650 
650 
Deferred income
5,639 
14,318 
15,998 
30,845 
- 6 -
Adams Paving Ltd Notes to the Accounts for the year ended 30 September 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,333 
2,133 
Obligations under finance leases and hire purchase contracts
- 
1,288 
1,333 
3,421 
BBL loan years 2 to 3 Year 2. £800 Year 3. £533 Interest 2.5% support provided by the UK Government
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,956 
1,956 
2023 
2022 
£ 
£ 
Provision at start of year
1,956 
2,476 
Credited to the profit and loss account
- 
(520)
Provision at end of year
1,956 
1,956 
There is no change to the deferred taxation reserve in the current period. This reserve will reverse in future periods to create a tax liability at the prevailing rate on the day
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kieran Adams
Unsecured Loan
11,342 
- 
6,640 
4,702 
11,342 
- 
6,640 
4,702 
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 7 -