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REGISTERED NUMBER: 13794250 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Adams Advisers Limited

Adams Advisers Limited (Registered number: 13794250)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adams Advisers Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Adams
Mrs SJ Greavett





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: 13794250 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Adams Advisers Limited (Registered number: 13794250)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 36,000
Tangible assets 5 29,420 46,386
29,420 82,386

CURRENT ASSETS
Debtors 6 59,377 -
Cash at bank 10 947
59,387 947
CREDITORS
Amounts falling due within one year 7 98,529 44,101
NET CURRENT LIABILITIES (39,142 ) (43,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,722

)

39,232

CREDITORS
Amounts falling due after more than one
year

8

-

37,305
NET (LIABILITIES)/ASSETS (9,722 ) 1,927

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,822 ) 1,827
SHAREHOLDERS' FUNDS (9,722 ) 1,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Adams Advisers Limited (Registered number: 13794250)

Balance Sheet - continued
31 December 2023


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 6 November 2024 and were signed on its behalf by:





J Adams - Director


Adams Advisers Limited (Registered number: 13794250)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Adams Advisers 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
Due to contractual issues the company has ceased trading on 31 March 2024 and accordingly the accounts have been prepared showing the company's assets at their recoverable amounts. All liabilities have been classified as current liabilities.


The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

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
Due to the company ceasing trading on 31 March 2024 resulting in goodwill no longer having a value to the business it has been fully written off in the period.

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
Fixed assets written down to estimated recoverable amount at the year end due to the business ceasing trading on 31 March 2024

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Adams Advisers Limited (Registered number: 13794250)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 40,000
AMORTISATION
At 1 January 2023 4,000
Charge for year 36,000
At 31 December 2023 40,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 36,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 57,090
DEPRECIATION
At 1 January 2023 10,704
Charge for year 16,966
At 31 December 2023 27,670
NET BOOK VALUE
At 31 December 2023 29,420
At 31 December 2022 46,386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 59,377 -

Adams Advisers Limited (Registered number: 13794250)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 37,305 11,249
Trade creditors 156 -
Taxation and social security 58,860 30,624
Other creditors 2,208 2,228
98,529 44,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 37,305

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £97,800 (2022 - £148,550) were paid to the directors .

At the balance sheet date the company was owed £44,394 by its directors (2022 owed its directors £128). The loan carries interest at the statutory rate and is repayable on demand.