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Company Registration No. 07867354 (England and Wales)
Adshead Ltd Unaudited accounts for the year ended 31 January 2024
Adshead Ltd Unaudited accounts Contents
Page
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Adshead Ltd Company Information for the year ended 31 January 2024
Director
Mr P Adshead
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
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Adshead Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,319 
14,909 
Tangible assets
31,680 
15,755 
40,999 
30,664 
Current assets
Debtors
10,544 
5,221 
Cash at bank and in hand
1,925 
2,560 
12,469 
7,781 
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)
Net assets
1,186 
901 
Capital and reserves
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
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Adshead Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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.
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
Intangible fixed assets
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 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 assets and liabilities are not discounted.
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Adshead Ltd Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
62,904 
At 31 January 2024
62,904 
Amortisation
At 1 February 2023
47,995 
Charge for the year
5,590 
At 31 January 2024
53,585 
Net book value
At 31 January 2024
9,319 
At 31 January 2023
14,909 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,785 
157 
Accrued income and prepayments
5,759 
4,665 
Other debtors
- 
399 
10,544 
5,221 
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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 
VAT
8,478 
5,692 
Trade creditors
- 
2,787 
Taxes and social security
6,062 
5,930 
Other creditors
485 
1,284 
Loans from directors
9,154 
(3,094)
Accruals
660 
660 
Deferred income
5,759 
4,664 
46,262 
29,839 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
4,711 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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