ADAM COMPANIES LIMITED

Company Registration Number:
12419187 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

ADAM COMPANIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Additional notes
Balance sheet notes

ADAM COMPANIES LIMITED

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 185,959 107,093
Total fixed assets: 185,959 107,093
Current assets
Stocks: 4 1,931,019 914,481
Debtors: 5 1,573,273 1,340,351
Cash at bank and in hand: 529,922 458,544
Total current assets: 4,034,214 2,713,376
Creditors: amounts falling due within one year: 6 ( 2,896,256 ) ( 1,726,263 )
Net current assets (liabilities): 1,137,958 987,113
Total assets less current liabilities: 1,323,917 1,094,206
Creditors: amounts falling due after more than one year: 7 ( 92,789 ) ( 167,691 )
Provision for liabilities: ( 46,490 ) ( 26,773 )
Total net assets (liabilities): 1,184,638 899,742
Capital and reserves
Called up share capital: 225 225
Profit and loss account: 1,184,413 899,517
Total Shareholders' funds: 1,184,638 899,742

The notes form part of these financial statements

ADAM COMPANIES LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 February 2024
and signed on behalf of the board by:

Name: Miah Koyes
Status: Director

The notes form part of these financial statements

ADAM COMPANIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ADAM COMPANIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 3

ADAM COMPANIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 131,605 131,605
Additions 104,868 104,868
Disposals
Revaluations
Transfers
At 31 January 2024 236,473 236,473
Depreciation
At 1 February 2023 24,512 24,512
Charge for year 26,002 26,002
On disposals
Other adjustments
At 31 January 2024 50,514 50,514
Net book value
At 31 January 2024 185,959 185,959
At 31 January 2023 107,093 107,093

ADAM COMPANIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 1,931,019 914,481
Total 1,931,019 914,481

ADAM COMPANIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 1,573,273 1,340,351
Total 1,573,273 1,340,351

ADAM COMPANIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 2,896,256 1,726,263
Total 2,896,256 1,726,263

ADAM COMPANIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 92,789 167,691
Total 92,789 167,691