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Company Registration No. 09133987 (England and Wales)
ADAM GROCERS LTD Unaudited accounts for the year ended 31 October 2023
ADAM GROCERS LTD Unaudited accounts Contents
Page
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ADAM GROCERS LTD Company Information for the year ended 31 October 2023
Director
Sehgal Tanvir
Company Number
09133987 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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ADAM GROCERS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,519 
20,649 
Current assets
Inventories
31,262 
61,416 
Debtors
522 
785 
Cash at bank and in hand
8,475 
5,739 
40,259 
67,940 
Creditors: amounts falling due within one year
(21,119)
(61,781)
Net current assets
19,140 
6,159 
Total assets less current liabilities
35,659 
26,808 
Creditors: amounts falling due after more than one year
(31,855)
(40,601)
Net assets/(liabilities)
3,804 
(13,793)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,704 
(13,893)
Shareholders' funds
3,804 
(13,793)
For the year ending 31 October 2023 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 4 July 2024 and were signed on its behalf by
Sehgal Tanvir Director Company Registration No. 09133987
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ADAM GROCERS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
ADAM GROCERS LTD is a private company, limited by shares, registered in England and Wales, registration number 09133987. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% diminishing balance method.
Motor vehicles
20% diminishing balance method.
Fixtures & fittings
20% diminishing balance method.
Computer equipment
20% diminishing balance method.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Trading activity
Retail sale of fruit and vegetables, also specialized Retail sale of meat and meat products.
Government grants Covid 19
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss. Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
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ADAM GROCERS LTD Notes to the Accounts for the year ended 31 October 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
7,500 
92,203 
99,703 
At 31 October 2023
7,500 
92,203 
99,703 
Depreciation
At 1 November 2022
5,926 
73,128 
79,054 
Charge for the year
315 
3,815 
4,130 
At 31 October 2023
6,241 
76,943 
83,184 
Net book value
At 31 October 2023
1,259 
15,260 
16,519 
At 31 October 2022
1,574 
19,075 
20,649 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
422 
685 
Other debtors
100 
100 
522 
785 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
56,735 
Taxes and social security
10,562 
3,846 
Loans from directors
8,107 
- 
Accruals
2,450 
1,200 
21,119 
61,781 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,855 
40,601 
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ADAM GROCERS LTD Notes to the Accounts for the year ended 31 October 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 4 (2022: 0).
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