Company Registration No. 08033756 (England and Wales)
ADAM CEX LTD
Unaudited accounts
for the year ended 31 August 2023
ADAM CEX LTD
Unaudited accounts
Contents
ADAM CEX LTD
Company Information
for the year ended 31 August 2023
Company Number
08033756 (England and Wales)
Registered Office
SUITE 52
TECHNOLOGY DRIVE
BATLEY
WF17 6ER
ENGLAND
ADAM CEX LTD
Statement of financial position
as at 31 August 2023
Intangible assets
179,203
191,368
Tangible assets
543,913
572,367
Inventories
538,564
536,906
Cash at bank and in hand
153,423
271,672
Creditors: amounts falling due within one year
(773,774)
(873,084)
Net current assets
40,842
57,996
Total assets less current liabilities
763,958
821,731
Creditors: amounts falling due after more than one year
-
(112,447)
Net assets
763,958
709,284
Called up share capital
100
100
Profit and loss account
763,858
709,184
Shareholders' funds
763,958
709,284
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 29 August 2024 and were signed on its behalf by
Safvan Ayub ADAM
Director
Company Registration No. 08033756
ADAM CEX LTD
Notes to the Accounts
for the year ended 31 August 2023
ADAM CEX LTD is a private company, limited by shares, registered in England and Wales, registration number 08033756. The registered office is SUITE 52, TECHNOLOGY DRIVE, BATLEY, WF17 6ER, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2022
274,440
At 1 September 2022
83,072
Charge for the year
12,165
ADAM CEX LTD
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
234,064
740,930
143,458
1,118,452
Additions
-
50,656
-
50,656
At 31 August 2023
234,064
791,586
143,458
1,169,108
At 1 September 2022
-
428,978
117,107
546,085
Charge for the year
-
72,522
6,588
79,110
At 31 August 2023
-
501,500
123,695
625,195
At 31 August 2023
234,064
290,086
19,763
543,913
At 31 August 2022
234,064
311,952
26,351
572,367
Amounts falling due within one year
Trade debtors
76,814
76,687
Other debtors
45,815
45,815
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
77,274
Trade creditors
169,456
203,077
Taxes and social security
69,047
36,008
Other creditors
69,768
81,222
Loans from directors
465,503
475,503
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 47 (2022: 47).