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REGISTERED NUMBER: 05182349 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ADAMS & ASSOCIATES LTD

ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAMS & ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: M Adams





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 05182349 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 30,000
Tangible assets 5 1,602 955
25,602 30,955

CURRENT ASSETS
Debtors 6 13 13
Cash at bank 38,382 11,543
38,395 11,556
CREDITORS
Amounts falling due within one year 7 14,920 18,588
NET CURRENT ASSETS/(LIABILITIES) 23,475 (7,032 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,077 23,923

CREDITORS
Amounts falling due after more than one year 8 (10,265 ) (76 )

PROVISIONS FOR LIABILITIES (304 ) (181 )
NET ASSETS 38,508 23,666

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 38,507 23,665
SHAREHOLDERS' FUNDS 38,508 23,666

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

BALANCE SHEET - continued
31ST MARCH 2024


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 director and authorised for issue on 22nd November 2024 and were signed by:





M Adams - Director


ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

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

1. STATUTORY INFORMATION

Adams & Associates Ltd 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
The company`s turnover represents the value of services supplied to customers during the year. None of the company`s turnover relates to exports.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 120,000
AMORTISATION
At 1st April 2023 90,000
Amortisation for year 6,000
At 31st March 2024 96,000
NET BOOK VALUE
At 31st March 2024 24,000
At 31st March 2023 30,000

ADAMS & ASSOCIATES LTD (REGISTERED NUMBER: 05182349)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 2,157 3,348 5,505
Additions - 849 849
At 31st March 2024 2,157 4,197 6,354
DEPRECIATION
At 1st April 2023 1,795 2,755 4,550
Charge for year 54 148 202
At 31st March 2024 1,849 2,903 4,752
NET BOOK VALUE
At 31st March 2024 308 1,294 1,602
At 31st March 2023 362 593 955

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 13 13

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,000 2,000
Taxation and social security 3,967 3,387
Other creditors 8,953 13,201
14,920 18,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 10,265 76

9. RELATED PARTY DISCLOSURES

Recorded in other creditors falling due after more than one year there is a directors loan account balance totalling £10,266 (2023: £1,326). This loan is interest free and is has no repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Adams.