2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,780 5,725 8 5,733 47 55 xbrli:pure xbrli:shares iso4217:GBP 00703708 2023-04-01 2024-03-31 00703708 2024-03-31 00703708 2023-03-31 00703708 2022-04-01 2023-03-31 00703708 2023-03-31 00703708 2022-03-31 00703708 core:PlantMachinery 2023-04-01 2024-03-31 00703708 bus:Director1 2023-04-01 2024-03-31 00703708 core:PlantMachinery 2023-03-31 00703708 core:PlantMachinery 2024-03-31 00703708 core:WithinOneYear 2024-03-31 00703708 core:WithinOneYear 2023-03-31 00703708 core:ShareCapital 2024-03-31 00703708 core:ShareCapital 2023-03-31 00703708 core:RetainedEarningsAccumulatedLosses 2024-03-31 00703708 core:RetainedEarningsAccumulatedLosses 2023-03-31 00703708 core:PlantMachinery 2023-03-31 00703708 bus:SmallEntities 2023-04-01 2024-03-31 00703708 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00703708 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00703708 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00703708 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 00703708
C.E.ADKINS & SONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
C.E.ADKINS & SONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
47
55
CURRENT ASSETS
Stocks
5,994
5,867
Debtors
6
95
87
Cash at bank and in hand
2,490
2,303
-------
-------
8,579
8,257
CREDITORS: amounts falling due within one year
7
82,334
72,426
--------
--------
NET CURRENT LIABILITIES
73,755
64,169
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 73,708)
( 64,114)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
( 74,708)
( 65,114)
--------
--------
SHAREHOLDERS DEFICIT
( 73,708)
( 64,114)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
C.E.ADKINS & SONS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 17 September 2024 , and are signed on behalf of the board by:
Mr D G Adkins
Director
Company registration number: 00703708
C.E.ADKINS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8a Cambridge Street, Wellingborough, NN8 1DJ, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents the amount derived from the provision of goods and services within the company's ordinary activities after deduction of value added tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Plant & Equipment
-
15% 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.
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost includes, where appropriate, production and other direct overheads.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Defined contribution plans
The company has a defined contribution pension scheme. Contributions made by the company to the scheme are charged to the profit and loss account as they become payable.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 April 2023 and 31 March 2024
5,780
-------
Depreciation
At 1 April 2023
5,725
Charge for the year
8
-------
At 31 March 2024
5,733
-------
Carrying amount
At 31 March 2024
47
-------
At 31 March 2023
55
-------
6. DEBTORS
2024
2023
£
£
Other debtors
95
87
----
----
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
17
Other creditors
82,317
72,426
--------
--------
82,334
72,426
--------
--------
8. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: A director has advanced monies to the company. At 31 March 2024 the amount due from the company was £81,417 (2023 - £71,509).
9. GOING CONCERN
The director has considered the period to September 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.