2 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 8,000 8,000 2,345 1,693 163 1,856 489 652 xbrli:pure xbrli:shares iso4217:GBP 06745734 2022-12-01 2023-11-30 06745734 2023-11-30 06745734 2022-11-30 06745734 2021-12-01 2022-11-30 06745734 2022-11-30 06745734 core:NetGoodwill 2022-12-01 2023-11-30 06745734 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 06745734 bus:Director1 2022-12-01 2023-11-30 06745734 bus:Director2 2022-12-01 2023-11-30 06745734 core:NetGoodwill 2023-11-30 06745734 core:WithinOneYear 2023-11-30 06745734 core:WithinOneYear 2022-11-30 06745734 core:ShareCapital 2023-11-30 06745734 core:ShareCapital 2022-11-30 06745734 core:RetainedEarningsAccumulatedLosses 2023-11-30 06745734 core:RetainedEarningsAccumulatedLosses 2022-11-30 06745734 bus:SmallEntities 2022-12-01 2023-11-30 06745734 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06745734 bus:FullAccounts 2022-12-01 2023-11-30 06745734 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06745734 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06745734 bus:OrdinaryShareClass1 2023-11-30 06745734 bus:OrdinaryShareClass1 2022-11-30 06745734 core:OfficeEquipment 2022-12-01 2023-11-30 06745734 core:OfficeEquipment 2023-11-30 06745734 core:OfficeEquipment 2022-11-30
COMPANY REGISTRATION NUMBER: 06745734
Adrian Male Associates Limited
Filleted Unaudited Financial Statements
30 November 2023
Adrian Male Associates Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
489
652
Current assets
Debtors
7
2,409
1,603
Cash at bank and in hand
250,066
237,592
---------
---------
252,475
239,195
Creditors: amounts falling due within one year
8
36,263
31,118
---------
---------
Net current assets
216,212
208,077
---------
---------
Total assets less current liabilities
216,701
208,729
---------
---------
Net assets
216,701
208,729
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
216,601
208,629
---------
---------
Shareholders funds
216,701
208,729
---------
---------
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the financial year ended 30 November 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 12 August 2024 , and are signed on behalf of the board by:
A C Male
J M Male
Director
Director
Company registration number: 06745734
Adrian Male Associates Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 The Linen Yard, South Street, Crewkerne, Somerset, TA18 8AB.
2. Statement of compliance
These financial statements have been prepared in accordance with FRS 102 taking advantage of the disclosure exemptions of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
Goodwill has been fully amortised.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2022 and 30 November 2023
8,000
-------
Amortisation
At 1 December 2022 and 30 November 2023
8,000
-------
Carrying amount
At 30 November 2023
-------
At 30 November 2022
-------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2022 and 30 November 2023
2,345
2,345
-------
-------
Depreciation
At 1 December 2022
1,693
1,693
Charge for the year
163
163
-------
-------
At 30 November 2023
1,856
1,856
-------
-------
Carrying amount
At 30 November 2023
489
489
-------
-------
At 30 November 2022
652
652
-------
-------
7. Debtors
2023
2022
£
£
Trade debtors
2,200
1,575
Other debtors
209
28
-------
-------
2,409
1,603
-------
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,383
2,925
Corporation tax
5,948
8,014
Other creditors
27,932
20,179
--------
--------
36,263
31,118
--------
--------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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