Caseware UK (AP4) 2023.0.135 2023.0.135 52023-05-01falsefalseNo description of principal activity5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01206398 2023-05-01 2024-04-30 01206398 2022-05-01 2023-04-30 01206398 2024-04-30 01206398 2023-04-30 01206398 2022-05-01 01206398 c:Director2 2023-05-01 2024-04-30 01206398 d:Buildings 2023-05-01 2024-04-30 01206398 d:Buildings 2024-04-30 01206398 d:Buildings 2023-04-30 01206398 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01206398 d:LandBuildings 2024-04-30 01206398 d:LandBuildings 2023-04-30 01206398 d:PlantMachinery 2023-05-01 2024-04-30 01206398 d:PlantMachinery 2024-04-30 01206398 d:PlantMachinery 2023-04-30 01206398 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01206398 d:MotorVehicles 2023-05-01 2024-04-30 01206398 d:MotorVehicles 2024-04-30 01206398 d:MotorVehicles 2023-04-30 01206398 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01206398 d:FurnitureFittings 2023-05-01 2024-04-30 01206398 d:FurnitureFittings 2024-04-30 01206398 d:FurnitureFittings 2023-04-30 01206398 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01206398 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01206398 d:CurrentFinancialInstruments 2024-04-30 01206398 d:CurrentFinancialInstruments 2023-04-30 01206398 d:Non-currentFinancialInstruments 2024-04-30 01206398 d:Non-currentFinancialInstruments 2023-04-30 01206398 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01206398 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01206398 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 01206398 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 01206398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 01206398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 01206398 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 01206398 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 01206398 d:ShareCapital 2024-04-30 01206398 d:ShareCapital 2023-04-30 01206398 d:RetainedEarningsAccumulatedLosses 2024-04-30 01206398 d:RetainedEarningsAccumulatedLosses 2023-04-30 01206398 c:OrdinaryShareClass1 2023-05-01 2024-04-30 01206398 c:OrdinaryShareClass1 2024-04-30 01206398 c:OrdinaryShareClass1 2023-04-30 01206398 c:OrdinaryShareClass2 2023-05-01 2024-04-30 01206398 c:OrdinaryShareClass2 2024-04-30 01206398 c:OrdinaryShareClass2 2023-04-30 01206398 c:FRS102 2023-05-01 2024-04-30 01206398 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01206398 c:FullAccounts 2023-05-01 2024-04-30 01206398 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01206398 2 2023-05-01 2024-04-30 01206398 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 01206398 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 01206398 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01206398










A R Adams & Sons (Printers) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2024

 
A R Adams & Sons (Printers) Limited
 

Contents



Page
Accountants' report
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 11


 
A R Adams & Sons (Printers) Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of A R Adams & Sons (Printers) Limited for the year ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A R Adams & Sons (Printers) Limited for the year ended 30 April 2024 which comprise  the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of A R Adams & Sons (Printers) Limited, as a body, in accordance with the terms of our engagement letter dated 29 March 2023Our work has been undertaken solely to prepare for your approval the financial statements of A R Adams & Sons (Printers) Limited and state those matters that we have agreed to state to the Board of directors of A R Adams & Sons (Printers) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A R Adams & Sons (Printers) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that A R Adams & Sons (Printers) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A R Adams & Sons (Printers) Limited. You consider that A R Adams & Sons (Printers) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of A R Adams & Sons (Printers) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Canterbury
30 January 2025
Page 1

 
A R Adams & Sons (Printers) Limited
Registered number: 01206398

Balance sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
346,048
340,330

  
346,048
340,330

Current assets
  

Stocks
 5 
5,000
5,000

Debtors: amounts falling due within one year
 6 
69,438
101,773

Cash at bank and in hand
  
232,955
243,964

  
307,393
350,737

Creditors: amounts falling due within one year
 7 
(94,499)
(83,146)

Net current assets
  
 
 
212,894
 
 
267,591

Total assets less current liabilities
  
558,942
607,921

Creditors: amounts falling due after more than one year
 8 
(15,000)
(25,000)

Provisions for liabilities
  

Deferred tax
 10 
(4,020)
(640)

  
 
 
(4,020)
 
 
(640)

Net assets
  
539,922
582,281


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
539,822
582,181

  
539,922
582,281


Page 2

 
A R Adams & Sons (Printers) Limited
Registered number: 01206398

Balance sheet (continued)
As at 30 April 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.






J R Adams
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.


General information

A R Adams & Sons (Printers) Ltd (company number 01206398) is a limited liability company incorporated in England. The address of the company's principal place of business is The Printing House, Dour Street, Dover, Kent, CT16 1EW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

We confirm that we have considered the company’s future trading prospects, working capital requirements and cashflows and we feel that the going concern basis is appropriate for the preparation of the financial statements for the year under review. Our considerations have covered a period of not less than 12 months from the date of the approval of the financial statements.
We are of the opinion that the disclosure included in the financial statements in respect of going concern is an accurate representation of the company’s financial position.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rental income
Rental income from operating leases is credited to the profit and loss account on a straight line basis over the term of the lease.

Page 4

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold buildings
-
2%
Plant & equipment
-
10% - 20%
Motor vehicles
-
25%
Fixtures & fittings
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

2024
2023
£
£

Wages and salaries
171,834
149,490

Social security costs
13,889
11,227

Cost of defined contribution scheme
36,972
36,980

222,695
197,697


The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 7

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
780,616
158,863
10,500
5,339
955,318


Additions
-
2,332
-
16,825
19,157



At 30 April 2024

780,616
161,195
10,500
22,164
974,475



Depreciation


At 1 May 2023
443,639
156,432
10,499
4,418
614,988


Charge for the year on owned assets
12,093
806
-
540
13,439



At 30 April 2024

455,732
157,238
10,499
4,958
628,427



Net book value



At 30 April 2024
324,884
3,957
1
17,206
346,048



At 30 April 2023
336,977
2,431
1
921
340,330




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
324,884
336,977

324,884
336,977



5.


Stocks

2024
2023
£
£

Raw materials and consumables
3,500
3,500

Work in progress (goods to be sold)
1,500
1,500

5,000
5,000


Page 8

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

6.


Debtors

2024
2023
£
£


Trade debtors
58,161
88,662

Other debtors
1,750
4,484

Prepayments and accrued income
9,527
8,627

69,438
101,773



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
19,116
7,719

Other taxation and social security
18,360
20,465

Other creditors
7,980
12,562

Accruals and deferred income
39,043
32,400

94,499
83,146



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,000
25,000

15,000
25,000


Page 9

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
5,000
15,000


5,000
15,000


25,000
35,000



10.


Deferred taxation




2024
2023


£

£






At beginning of year
(640)
(1,720)


Charged to profit or loss
(3,380)
1,080



At end of year
(4,020)
(640)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,020)
(640)

(4,020)
(640)

Page 10

 
A R Adams & Sons (Printers) Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



49 (2023 - 49) Ordinary A shares of £1.00 each
49
49
51 (2023 - 51) Ordinary B shares of £1.00 each
51
51

100

100



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £36,972 (2023: £36,980). 


13.


Related party transactions

All related party transactions during the current and prior periods, including directors remuneration, were made under normal market conditions.


14.


Controlling party

At the end of the year there is no overall controlling party.


Page 11