Company Registration No. 07867354 (England and Wales)
Adshead Ltd
Unaudited accounts
for the year ended 31 January 2024
Adshead Ltd
Unaudited accounts
Contents
Adshead Ltd
Company Information
for the year ended 31 January 2024
Company Number
07867354 (England and Wales)
Registered Office
3 Copland Close
Brighton Hill
Basingstoke
Hampshire
RG22 4JX
UK
Accountants
Eldridge & Associates Limited
Drewitts Ash
Hannington
Tadley
Hampshire
RG26 5UA
Adshead Ltd
Statement of financial position
as at 31 January 2024
Intangible assets
9,319
14,909
Tangible assets
31,680
15,755
Cash at bank and in hand
1,925
2,560
Creditors: amounts falling due within one year
(46,262)
(29,839)
Net current liabilities
(33,793)
(22,058)
Total assets less current liabilities
7,206
8,606
Creditors: amounts falling due after more than one year
-
(4,711)
Provisions for liabilities
Deferred tax
(6,020)
(2,994)
Called up share capital
1
1
Profit and loss account
1,185
900
Shareholders' funds
1,186
901
For the year ending 31 January 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 23 August 2024 and were signed on its behalf by
Mr P Adshead
Director
Company Registration No. 07867354
Adshead Ltd
Notes to the Accounts
for the year ended 31 January 2024
Adshead Ltd is a private company, limited by shares, registered in England and Wales, registration number 07867354. The registered office is 3 Copland Close, Brighton Hill, Basingstoke, Hampshire, RG22 4JX, UK.
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 assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable
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 assets and liabilities are not discounted.
Adshead Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
20,469
44,025
2,148
6,529
73,171
Additions
7,208
13,790
-
669
21,667
Disposals
-
(13,775)
-
-
(13,775)
At 31 January 2024
27,677
44,040
2,148
7,198
81,063
At 1 February 2023
15,201
35,588
2,145
4,482
57,416
Charge for the year
2,588
2,530
-
623
5,741
On disposals
-
(13,774)
-
-
(13,774)
At 31 January 2024
17,789
24,344
2,145
5,105
49,383
At 31 January 2024
9,888
19,696
3
2,093
31,680
At 31 January 2023
5,268
8,437
3
2,047
15,755
Amounts falling due within one year
Accrued income and prepayments
5,759
4,665
Adshead Ltd
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,664
11,916
Taxes and social security
6,062
5,930
Loans from directors
9,154
(3,094)
Deferred income
5,759
4,664
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).