Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2023-04-011312truetrue 04615839 2023-04-01 2024-03-31 04615839 2022-04-01 2023-03-31 04615839 2024-03-31 04615839 2023-03-31 04615839 c:CompanySecretary1 2023-04-01 2024-03-31 04615839 c:Director1 2023-04-01 2024-03-31 04615839 c:RegisteredOffice 2023-04-01 2024-03-31 04615839 d:Buildings 2023-04-01 2024-03-31 04615839 d:Buildings 2024-03-31 04615839 d:Buildings 2023-03-31 04615839 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04615839 d:PlantMachinery 2023-04-01 2024-03-31 04615839 d:PlantMachinery 2024-03-31 04615839 d:PlantMachinery 2023-03-31 04615839 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04615839 d:MotorVehicles 2023-04-01 2024-03-31 04615839 d:MotorVehicles 2024-03-31 04615839 d:MotorVehicles 2023-03-31 04615839 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04615839 d:FurnitureFittings 2023-04-01 2024-03-31 04615839 d:FurnitureFittings 2024-03-31 04615839 d:FurnitureFittings 2023-03-31 04615839 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04615839 d:OfficeEquipment 2023-04-01 2024-03-31 04615839 d:OfficeEquipment 2024-03-31 04615839 d:OfficeEquipment 2023-03-31 04615839 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04615839 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04615839 d:Goodwill 2024-03-31 04615839 d:Goodwill 2023-03-31 04615839 d:CurrentFinancialInstruments 2024-03-31 04615839 d:CurrentFinancialInstruments 2023-03-31 04615839 d:Non-currentFinancialInstruments 2024-03-31 04615839 d:Non-currentFinancialInstruments 2023-03-31 04615839 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04615839 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04615839 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04615839 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04615839 d:ShareCapital 2024-03-31 04615839 d:ShareCapital 2023-03-31 04615839 d:RetainedEarningsAccumulatedLosses 2024-03-31 04615839 d:RetainedEarningsAccumulatedLosses 2023-03-31 04615839 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04615839 c:OrdinaryShareClass1 2024-03-31 04615839 c:OrdinaryShareClass2 2023-04-01 2024-03-31 04615839 c:OrdinaryShareClass2 2024-03-31 04615839 c:OrdinaryShareClass3 2023-04-01 2024-03-31 04615839 c:OrdinaryShareClass3 2024-03-31 04615839 c:OrdinaryShareClass4 2023-04-01 2024-03-31 04615839 c:OrdinaryShareClass4 2024-03-31 04615839 c:OrdinaryShareClass5 2023-04-01 2024-03-31 04615839 c:OrdinaryShareClass5 2024-03-31 04615839 c:FRS102 2023-04-01 2024-03-31 04615839 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04615839 c:FullAccounts 2023-04-01 2024-03-31 04615839 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04615839 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 04615839 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 04615839 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 04615839 2 2023-04-01 2024-03-31 04615839 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04615839










ADRIAN JAMES ACOUSTICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
COMPANY INFORMATION


Director
A. W. James 




Company secretary
Dr H. E. Innes



Registered number
04615839



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
ADRIAN JAMES ACOUSTICS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 10

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ADRIAN JAMES ACOUSTICS LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adrian James Acoustics Limited for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the director of Adrian James Acoustics Limited in accordance with the terms of our engagement letter dated 21 September 2022Our work has been undertaken solely to prepare for your approval the financial statements of Adrian James Acoustics Limited and state those matters that we have agreed to state to the director of Adrian James Acoustics Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adrian James Acoustics Limited and its director for our work or for this report. 

It is your duty to ensure that Adrian James Acoustics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adrian James Acoustics Limited. You consider that Adrian James Acoustics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Adrian James Acoustics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

24 September 2024
Page 1

 
ADRIAN JAMES ACOUSTICS LIMITED
REGISTERED NUMBER: 04615839

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
16,440
21,128

  
16,440
21,128

Current assets
  

Debtors: amounts falling due within one year
 6 
223,200
208,892

Cash at bank and in hand
  
93,373
60,216

  
316,573
269,108

Creditors: amounts falling due within one year
 7 
(162,751)
(142,296)

Net current assets
  
 
 
153,822
 
 
126,812

Total assets less current liabilities
  
170,262
147,940

Creditors: amounts falling due after more than one year
 8 
(12,789)
(23,076)

Provisions for liabilities
  

Deferred tax
  
(2,910)
(3,946)

  
 
 
(2,910)
 
 
(3,946)

Net assets
  
154,563
120,918


Capital and reserves
  

Called up share capital 
 9 
300
300

Profit and loss account
  
154,263
120,618

  
154,563
120,918

Page 2

 
ADRIAN JAMES ACOUSTICS LIMITED
REGISTERED NUMBER: 04615839
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.






A. W. James
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 3

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The Company's principal activity during the year is that of acousticians and the Company's principal place of business is Norwich, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered a period of twelve months from the date of approval of the financial statements. They consider that projected income together with current cash reserves will be more than adequate for the company's needs. As such they believe that the financial statements should be prepared on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

Tenants improvements
-
10% straight line
Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
20% reducing balance
Computer equipment
-
33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 12).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
(97,054)



At 31 March 2024

(97,054)



Amortisation


At 1 April 2023
(97,054)



At 31 March 2024

(97,054)



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 7

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Tenant Improvements
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2023
19,071
36,096
10,990
35,761
108,750
210,668


Additions
-
-
-
-
357
357


Disposals
-
-
-
-
(45,884)
(45,884)



At 31 March 2024

19,071
36,096
10,990
35,761
63,223
165,141



Depreciation


At 1 April 2023
19,071
29,673
7,513
25,166
108,117
189,540


Charge for the year on owned assets
-
1,606
869
2,119
451
5,045


Disposals
-
-
-
-
(45,884)
(45,884)



At 31 March 2024

19,071
31,279
8,382
27,285
62,684
148,701



Net book value



At 31 March 2024
-
4,817
2,608
8,476
539
16,440



At 31 March 2023
-
6,423
3,477
10,595
633
21,128


6.


Debtors

2024
2023
£
£


Trade debtors
173,187
160,434

Other debtors
26,260
35,329

Prepayments and accrued income
23,753
13,129

223,200
208,892


Page 8

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,287
9,899

Trade creditors
30,747
5,790

Other taxation and social security
79,780
62,065

Other creditors
33,022
58,558

Accruals and deferred income
8,915
5,984

162,751
142,296



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,789
23,076

12,789
23,076



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary "A" shares of £1.00 each
100
100
100 Ordinary "B" shares of £1.00 each
100
100
25 Ordinary "C" shares of £1.00 each
25
25
25 Ordinary "D" shares of £1.00 each
25
25
25 Ordinary "E" shares of £1.00 each
25
25
25 Ordinary "F" shares of £1.00 each
25
25

300

300



10.Commitments, guarantees and contingencies

At 31 March 2024, the Company had total financial commitments, guarantees and contingencies which are not included in the balance sheet amounting to £205,333.

Page 9

 
ADRIAN JAMES ACOUSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

As at 31 March 2024 the balance on the director's loan account was £12,652 (2023 : £16,046).  This loan is interest free with no set date for repayment and is included within other creditors due within one year in note 7 of the financial statements.

 
Page 10