Company Registration No. 07657360 (England and Wales)
Adam Management Ltd
Unaudited accounts
for the year ended 31 March 2024
Adam Management Ltd
Unaudited accounts
Contents
Adam Management Ltd
Company Information
for the year ended 31 March 2024
Directors
DUDHWALA, Azeez
DUDHWALA, Husena
DUDHWALA, Mufaddal Shabbir
MAHARAJ, Habiba
Company Number
07657360 (England and Wales)
Registered Office
2 Duncombe Way
Bradford
BD8 9SY
Adam Management Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
2,429,341
2,443,343
Cash at bank and in hand
41,345
222,184
Creditors: amounts falling due within one year
(38,018)
(66,466)
Net current assets
13,933
156,378
Total assets less current liabilities
2,443,274
2,599,721
Creditors: amounts falling due after more than one year
(186,853)
(422,753)
Provisions for liabilities
Deferred tax
(10,502)
(10,642)
Net assets
2,245,919
2,166,326
Called up share capital
1,000
1,000
Profit and loss account
2,244,919
2,165,326
Shareholders' funds
2,245,919
2,166,326
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by
DUDHWALA, Azeez
Director
Company Registration No. 07657360
Adam Management Ltd
Notes to the Accounts
for the year ended 31 March 2024
Adam Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 07657360. The registered office is 2 Duncombe Way, , Bradford, BD8 9SY.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
2,387,333
140,023
2,527,356
At 31 March 2024
2,387,333
140,023
2,527,356
At 1 April 2023
-
84,013
84,013
Charge for the year
-
14,002
14,002
At 31 March 2024
-
98,015
98,015
At 31 March 2024
2,387,333
42,008
2,429,341
At 31 March 2023
2,387,333
56,010
2,443,343
FRS102 (Section 1A) is not being adhered to with respect to the valuation of investment property. All investment property is currently stated at cost. The directors consider that no property is valued at less than cost.
Adam Management Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
606
660
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
28,748
60,711
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
167,984
403,884
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Accounts
(403,884)
240,000
4,100
(167,984)
(403,884)
240,000
4,100
(167,984)
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).