14 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 115,000 115,000 35,648 15,217 9,191 41,674 20,786 6,822 9,191 18,417 23,257 14,862 340,011 5,955 334,056 334,056 340,011 xbrli:pure xbrli:shares iso4217:GBP 4019027 2023-05-01 2024-04-30 4019027 2024-04-30 4019027 2023-04-30 4019027 2022-05-01 2023-04-30 4019027 2023-04-30 4019027 2022-04-30 4019027 bus:Director2 2023-05-01 2024-04-30 4019027 core:NetGoodwill 2024-04-30 4019027 core:FurnitureFittings 2023-04-30 4019027 core:FurnitureFittings 2024-04-30 4019027 core:FurnitureFittings 2023-05-01 2024-04-30 4019027 core:WithinOneYear 2024-04-30 4019027 core:WithinOneYear 2023-04-30 4019027 core:ShareCapital 2024-04-30 4019027 core:ShareCapital 2023-04-30 4019027 core:CapitalRedemptionReserve 2024-04-30 4019027 core:CapitalRedemptionReserve 2023-04-30 4019027 core:RetainedEarningsAccumulatedLosses 2024-04-30 4019027 core:RetainedEarningsAccumulatedLosses 2023-04-30 4019027 core:BetweenOneFiveYears 2024-04-30 4019027 core:BetweenOneFiveYears 2023-04-30 4019027 core:MoreThanFiveYears 2024-04-30 4019027 core:MoreThanFiveYears 2023-04-30 4019027 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 4019027 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-04-30 4019027 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 4019027 core:Non-currentFinancialInstruments 2024-04-30 4019027 core:Non-currentFinancialInstruments 2023-04-30 4019027 core:FurnitureFittings 2023-04-30 4019027 bus:Director1 2023-05-01 2024-04-30 4019027 bus:SmallEntities 2023-05-01 2024-04-30 4019027 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 4019027 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 4019027 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 4019027 bus:FullAccounts 2023-05-01 2024-04-30 4019027 core:NetGoodwill 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 4019027
Adelaide Jones & Co Limited
Filleted Unaudited Financial Statements
30 April 2024
Adelaide Jones & Co Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
23,257
14,862
Investments
7
334,056
340,011
--------
--------
357,313
354,873
Current assets
Debtors
8
1,289,732
957,457
Investments
9
188,000
188,000
Cash at bank and in hand
201,427
148,952
----------
----------
1,679,159
1,294,409
Creditors: amounts falling due within one year
10
842,510
758,450
----------
----------
Net current assets
836,649
535,959
----------
--------
Total assets less current liabilities
1,193,962
890,832
Provisions
Taxation including deferred tax
5,574
3,422
----------
--------
Net assets
1,188,388
887,410
----------
--------
Capital and reserves
Called up share capital
2,000
2,000
Capital redemption reserve
1,000
1,000
Profit and loss account
1,185,388
884,410
----------
--------
Shareholders funds
1,188,388
887,410
----------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Adelaide Jones & Co Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
M R Nimba
Director
Company registration number: 4019027
Adelaide Jones & Co Limited
Notes to the Financial Statements
Year ended 30th April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover represents the invoiced value of services provided during the year exclusive of VAT. In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
(d) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
-
10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, Fittings & Equipment
-
25% straight line
(g) Investments in subsidiary
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
(h) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
(i) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(j) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2023: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1st May 2023 and 30th April 2024
115,000
--------
Amortisation
At 1st May 2023 and 30th April 2024
115,000
--------
Carrying amount
At 30th April 2024
--------
At 30th April 2023
--------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1st May 2023
35,648
35,648
Additions
15,217
15,217
Disposals
( 9,191)
( 9,191)
-------
-------
At 30th April 2024
41,674
41,674
-------
-------
Depreciation
At 1st May 2023
20,786
20,786
Charge for the year
6,822
6,822
Disposals
( 9,191)
( 9,191)
-------
-------
At 30th April 2024
18,417
18,417
-------
-------
Carrying amount
At 30th April 2024
23,257
23,257
-------
-------
At 30th April 2023
14,862
14,862
-------
-------
7. Investments
Shares in group undertakings
£
Cost
At 1st May 2023
340,011
Disposals
( 5,955)
--------
At 30th April 2024
334,056
--------
Impairment
At 1st May 2023 and 30th April 2024
--------
Carrying amount
At 30th April 2024
334,056
--------
At 30th April 2023
340,011
--------
8. Debtors
2024
2023
£
£
Trade debtors
167,366
133,610
Amounts owed by group undertakings
122,225
22,742
Other debtors
1,000,141
801,105
----------
--------
1,289,732
957,457
----------
--------
All these sums are receivable within one year.
9. Investments
2024
2023
£
£
Other investments
188,000
188,000
--------
--------
10. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
401,459
343,591
Corporation tax
183,285
145,255
Social security and other taxes
110,344
103,121
Other creditors
147,422
166,483
--------
--------
842,510
758,450
--------
--------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
83,846
58,846
Later than 1 year and not later than 5 years
290,714
212,060
Later than 5 years
162,500
212,500
--------
--------
537,060
483,406
--------
--------