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REGISTERED NUMBER: 09051086 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Adam Elliot Limited

Adam Elliot Limited (Registered number: 09051086)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adam Elliot Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P Adamec
S E Tuck





REGISTERED OFFICE: Unit 51
Vale Business Park
Llandow
Cowbridge
Vale of Glamorgan
CF71 7PF





REGISTERED NUMBER: 09051086 (England and Wales)





ACCOUNTANTS: Austin Accountancy Services Ltd
15 Manor Park
Ham Lane
Llantwit Major
Vale of Glamorgan
CF61 1RS

Adam Elliot Limited (Registered number: 09051086)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 21,571 27,996
31,571 37,996

CURRENT ASSETS
Stocks 21,216 19,813
Debtors 6 17,043 13,254
Cash at bank and in hand 30,296 64,641
68,555 97,708
CREDITORS
Amounts falling due within one year 7 45,779 69,269
NET CURRENT ASSETS 22,776 28,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,347

66,435

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,247 66,335
SHAREHOLDERS' FUNDS 54,347 66,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Adam Elliot Limited (Registered number: 09051086)

Balance Sheet - continued
31 May 2024


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 8 October 2024 and were signed on its behalf by:




P Adamec - Director



S E Tuck - Director


Adam Elliot Limited (Registered number: 09051086)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Adam Elliot Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
The Goodwill was acquired in 2014. It is the opinion of the Directors that the Goodwill is not diminishing in value and, therefore, no amortisation is being provided for.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

Adam Elliot Limited (Registered number: 09051086)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
NET BOOK VALUE
At 31 May 2024 10,000
At 31 May 2023 10,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 84,967
DEPRECIATION
At 1 June 2023 56,971
Charge for year 6,425
At 31 May 2024 63,396
NET BOOK VALUE
At 31 May 2024 21,571
At 31 May 2023 27,996

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 17,043 13,254

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 8,170
Taxation and social security 44,184 35,296
Other creditors 1,595 25,803
45,779 69,269