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REGISTERED NUMBER: 00360017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADAMS & PAGE LIMITED

ADAMS & PAGE LIMITED (REGISTERED NUMBER: 00360017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAMS & PAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R J Wos
A M Wos
R M Wos
L R Wos





SECRETARY: A M Wos





REGISTERED OFFICE: Lincoln Road
Cressex Business Park
High Wycombe
Buckinghamshire
HP12 3RQ





REGISTERED NUMBER: 00360017 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
5th Floor, R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ

ADAMS & PAGE LIMITED (REGISTERED NUMBER: 00360017)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,324 137,254

CURRENT ASSETS
Stocks 128,954 259,276
Debtors 5 107,420 216,141
Cash at bank and in hand 285,230 229,768
521,604 705,185
CREDITORS
Amounts falling due within one year 6 447,631 386,577
NET CURRENT ASSETS 73,973 318,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,297

455,862

PROVISIONS FOR LIABILITIES 7 14,561 20,868
NET ASSETS 151,736 434,994

CAPITAL AND RESERVES
Called up share capital 7,400 7,400
Retained earnings 144,336 427,594
151,736 434,994

ADAMS & PAGE LIMITED (REGISTERED NUMBER: 00360017)

BALANCE SHEET - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





R J Wos - Director


ADAMS & PAGE LIMITED (REGISTERED NUMBER: 00360017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Adams & Page 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.

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
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ADAMS & PAGE LIMITED (REGISTERED NUMBER: 00360017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment
£    £    £   
COST
At 1 April 2023 110,471 115,906 18,835
Additions - 777 -
Disposals - (1,862 ) (17,224 )
At 31 March 2024 110,471 114,821 1,611
DEPRECIATION
At 1 April 2023 79,409 48,023 18,109
Charge for year 7,577 10,175 242
Eliminated on disposal - (1,060 ) (17,224 )
At 31 March 2024 86,986 57,138 1,127
NET BOOK VALUE
At 31 March 2024 23,485 57,683 484
At 31 March 2023 31,062 67,883 726

ADAMS & PAGE LIMITED (REGISTERED NUMBER: 00360017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 61,354 8,356 314,922
Additions - - 777
Disposals (31,000 ) (83 ) (50,169 )
At 31 March 2024 30,354 8,273 265,530
DEPRECIATION
At 1 April 2023 25,487 6,640 177,668
Charge for year 3,155 506 21,655
Eliminated on disposal (7,750 ) (83 ) (26,117 )
At 31 March 2024 20,892 7,063 173,206
NET BOOK VALUE
At 31 March 2024 9,462 1,210 92,324
At 31 March 2023 35,867 1,716 137,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,275 67,350
Amounts owed by group undertakings - 108,239
Other debtors 41,145 40,552
107,420 216,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 326,495 341,363
Amounts owed to group undertakings 49,761 -
Taxation and social security 63,389 37,974
Other creditors 7,986 7,240
447,631 386,577

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 14,561 20,868

ADAMS & PAGE LIMITED (REGISTERED NUMBER: 00360017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 20,868
Provided during year (6,307 )
Balance at 31 March 2024 14,561

8. ULTIMATE CONTROLLING PARTY

The controlling party of the company is its parent, Sedrup Holdings Limited, a company incorporated and registered in England and Wales. The address of its registered office is Unit 8 Anglo Business Park, Smeaton Close, Aylesbury, Buckinghamshire HP19 8UP.

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,474 (2023 - £4,143).

Employer and employees contributions totalling £912 (2023 - £790) were payable to the fund at the balance sheet date.