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Company Registration No. 03284090 (England and Wales)
R. J. ADAMS LIMITED Unaudited accounts for the year ended 31 May 2024
R. J. ADAMS LIMITED Unaudited accounts Contents
Page
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R. J. ADAMS LIMITED Company Information for the year ended 31 May 2024
Director
Mr Raymond ADAMS
Company Number
03284090 (England and Wales)
Registered Office
Swinneys Station Road Brize Norton Oxfordshire OX18 3QA
Accountants
RM Whitehouse & Co Ltd Spring Bank Shipton Road Milton under Wychwood Oxfordshire OX7 6JS
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R. J. ADAMS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,771,553 
1,735,525 
Investments
1,300 
1,300 
1,772,853 
1,736,825 
Current assets
Inventories
196,057 
194,915 
Debtors
172,164 
155,415 
Cash at bank and in hand
2,567,076 
2,261,866 
2,935,297 
2,612,196 
Creditors: amounts falling due within one year
(233,262)
(160,490)
Net current assets
2,702,035 
2,451,706 
Total assets less current liabilities
4,474,888 
4,188,531 
Provisions for liabilities
Deferred tax
(136,704)
(129,236)
Net assets
4,338,184 
4,059,295 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,338,084 
4,059,195 
Shareholders' funds
4,338,184 
4,059,295 
For the year ending 31 May 2024 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 30 August 2024 and were signed on its behalf by
Mr Raymond ADAMS Director Company Registration No. 03284090
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R. J. ADAMS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
R. J. ADAMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03284090. The registered office is Swinneys, Station Road, Brize Norton, Oxfordshire, OX18 3QA.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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R. J. ADAMS LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
1,037,124 
2,379,524 
358,072 
21,288 
64,007 
3,860,015 
Additions
- 
235,387 
28,499 
17,004 
- 
280,890 
At 31 May 2024
1,037,124 
2,614,911 
386,571 
38,292 
64,007 
4,140,905 
Depreciation
At 1 June 2023
- 
1,828,636 
230,068 
10,607 
55,179 
2,124,490 
Charge for the year
- 
196,598 
39,126 
6,922 
2,216 
244,862 
At 31 May 2024
- 
2,025,234 
269,194 
17,529 
57,395 
2,369,352 
Net book value
At 31 May 2024
1,037,124 
589,677 
117,377 
20,763 
6,612 
1,771,553 
At 31 May 2023
1,037,124 
550,888 
128,004 
10,681 
8,828 
1,735,525 
5
Investments
Other investments 
£ 
Valuation at 1 June 2023
1,300 
Valuation at 31 May 2024
1,300 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
158,504 
142,287 
Accrued income and prepayments
13,660 
13,128 
172,164 
155,415 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
76,397 
45,591 
Taxes and social security
131,661 
90,235 
Other creditors
2,423 
2,184 
Loans from directors
22,781 
22,480 
233,262 
160,490 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
90 Ordinary shares A shares of £1 each
90 
90 
5 Ordinary shares B shares of £1 each
5 
5 
5 Ordinary shares C shares of £1 each
5 
5 
100 
100 
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R. J. ADAMS LIMITED Notes to the Accounts for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 9 (2023: 10).
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