Registered number
08309909
Adams Developments Ltd
Filleted Accounts
5 April 2024
Adams Developments Ltd
Registered number: 08309909
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 144
Current assets
Debtors 4 705 705
Cash at bank and in hand 18,205 40,064
18,910 40,769
Creditors: amounts falling due within one year 5 (9,591) (38,401)
Net current assets 9,319 2,368
Net assets 9,319 2,512
Capital and reserves
Called up share capital 49 49
Profit and loss account 9,270 2,463
Shareholder's funds 9,319 2,512
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D A Heath
Director
Approved by the board on 2 January 2025
Adams Developments Ltd
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 10% Straight line basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures & fittings
£
Cost
At 6 April 2023 1,468
At 5 April 2024 1,468
Depreciation
At 6 April 2023 1,324
Charge for the year 144
At 5 April 2024 1,468
Net book value
At 5 April 2024 -
At 5 April 2023 144
4 Debtors 2024 2023
£ £
Prepayments 705 705
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 5,903 5,903
Taxation and social security costs 2,087 2,058
Other creditors 1,601 30,440
9,591 38,401
6 Other information
Adams Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Offley Place Office
Offley Place
Old Brampton
Chesterfield
S42 7JQ
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