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REGISTERED NUMBER: SC243639 (Scotland)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

The Adams Consulting Group Limited

The Adams Consulting Group Limited (Registered number: SC243639)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


The Adams Consulting Group Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Mr B McAllister
Mr R Ord



REGISTERED OFFICE: Gresham House
45 West Nile Street
Glasgow
G1 2PT



REGISTERED NUMBER: SC243639 (Scotland)



ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE



BANKERS: Bank of Scotland
Gordon Street
Glasgow
G1 3RS

The Adams Consulting Group Limited

Report of the Accountants to the Directors of
The Adams Consulting Group Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2024 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


17th September 2024

The Adams Consulting Group Limited (Registered number: SC243639)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,636 34,886

CURRENT ASSETS
Debtors 5 382,641 291,077
Cash at bank and in hand 587,930 516,050
970,571 807,127
CREDITORS
Amounts falling due within one year 6 845,594 690,562
NET CURRENT ASSETS 124,977 116,565
TOTAL ASSETS LESS CURRENT LIABILITIES 155,613 151,451

CAPITAL AND RESERVES
Called up share capital 103,637 103,637
Retained earnings 51,976 47,814
SHAREHOLDERS' FUNDS 155,613 151,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

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 17th September 2024 and were signed on its behalf by:





Mr B McAllister - Director


The Adams Consulting Group Limited (Registered number: SC243639)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

The Adams Consulting Group Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures & fittings - 33% on cost and 15% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

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.

The assets of the scheme are held separately from those of the company in an independently administered fund.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the year end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

If a financial instrument contains both an equity and a liability element, then the liability element is first established with any residual value being disclosed within equity shareholders' funds. The liability element is the present value of the future payments guaranteed to be made to the holders of the financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

The Adams Consulting Group Limited (Registered number: SC243639)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures Computer
property & fittings equipment Totals
£    £    £    £   
Cost
At 1st July 2023 54,359 19,434 20,003 93,796
Additions - - 5,981 5,981
At 30th June 2024 54,359 19,434 25,984 99,777
Depreciation
At 1st July 2023 31,527 11,335 16,048 58,910
Charge for year 4,207 2,563 3,461 10,231
At 30th June 2024 35,734 13,898 19,509 69,141
Net book value
At 30th June 2024 18,625 5,536 6,475 30,636
At 30th June 2023 22,832 8,099 3,955 34,886

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 354,050 266,655
Accrued income 3,772 -
Prepayments 24,819 24,422
382,641 291,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,371 26,024
Amounts owed to group undertakings 621,548 555,743
Tax 58,637 34,623
Social security and other taxes 62,988 40,050
VAT 53,366 26,634
Accruals and deferred income 6,684 7,488
845,594 690,562

7. CONTROLLING PARTY

The company is a wholly owned subsidiary undertaking of RAM 227 Limited, registered in Scotland. The registered office of RAM 227 Limited is 225 West George Street, Glasgow, G2 2ND.