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
ADAM GROCERS LTD
Company Information
for the year ended 31 October 2023
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
ADAM GROCERS LTD
Statement of financial position
as at 31 October 2023
Tangible assets
16,519
20,649
Cash at bank and in hand
8,475
5,739
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)
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
ADAM GROCERS LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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 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.
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.
ADAM GROCERS LTD
Notes to the Accounts
for the year ended 31 October 2023
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
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
At 31 October 2023
1,259
15,260
16,519
At 31 October 2022
1,574
19,075
20,649
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,562
3,846
Loans from directors
8,107
-
7
Creditors: amounts falling due after more than one year
2023
2022
ADAM GROCERS LTD
Notes to the Accounts
for the year ended 31 October 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 4 (2022: 0).