IRIS Accounts Production v24.3.2.46 09156564 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091565642023-09-30091565642024-09-30091565642023-10-012024-09-30091565642022-09-30091565642022-10-012023-09-30091565642023-09-3009156564ns15:EnglandWales2023-10-012024-09-3009156564ns14:PoundSterling2023-10-012024-09-3009156564ns10:Director12023-10-012024-09-3009156564ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009156564ns10:SmallEntities2023-10-012024-09-3009156564ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3009156564ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009156564ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009156564ns10:FullAccounts2023-10-012024-09-300915656412023-10-012024-09-3009156564ns10:Director22023-10-012024-09-3009156564ns10:Director32023-10-012024-09-3009156564ns10:Director42023-10-012024-09-3009156564ns10:RegisteredOffice2023-10-012024-09-3009156564ns5:CurrentFinancialInstruments2024-09-3009156564ns5:CurrentFinancialInstruments2023-09-3009156564ns5:Non-currentFinancialInstruments2024-09-3009156564ns5:Non-currentFinancialInstruments2023-09-3009156564ns5:ShareCapital2024-09-3009156564ns5:ShareCapital2023-09-3009156564ns5:CapitalRedemptionReserve2024-09-3009156564ns5:CapitalRedemptionReserve2023-09-3009156564ns5:RetainedEarningsAccumulatedLosses2024-09-3009156564ns5:RetainedEarningsAccumulatedLosses2023-09-3009156564ns5:NetGoodwill2023-10-012024-09-3009156564ns5:FurnitureFittings2023-10-012024-09-3009156564ns5:MotorVehicles2023-10-012024-09-3009156564ns5:ComputerEquipment2023-10-012024-09-3009156564ns5:NetGoodwill2023-09-3009156564ns5:NetGoodwill2024-09-3009156564ns5:NetGoodwill2023-09-3009156564ns5:PlantMachinery2023-09-3009156564ns5:PlantMachinery2023-10-012024-09-3009156564ns5:PlantMachinery2024-09-3009156564ns5:PlantMachinery2023-09-3009156564ns5:CostValuation2023-09-3009156564ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3009156564ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3009156564ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3009156564ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3009156564ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3009156564ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3009156564ns5:HirePurchaseContracts2024-09-3009156564ns5:HirePurchaseContracts2023-09-3009156564ns5:WithinOneYear2024-09-3009156564ns5:WithinOneYear2023-09-3009156564ns5:BetweenOneFiveYears2024-09-3009156564ns5:BetweenOneFiveYears2023-09-3009156564ns5:AllPeriods2024-09-3009156564ns5:AllPeriods2023-09-30
REGISTERED NUMBER: 09156564 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ADAIR PAXTON LIMITED

ADAIR PAXTON LIMITED (REGISTERED NUMBER: 09156564)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAIR PAXTON LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTORS: Mr S P Dalingwater
Miss N C Thompson
Mr G S Roberts
Mrs C Dalingwater





REGISTERED OFFICE: Suites 6 & 7
First Floor, Jason House
Kerry Hill
Horsforth
West Yorkshire
LS18 4JR





REGISTERED NUMBER: 09156564 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

ADAIR PAXTON LIMITED (REGISTERED NUMBER: 09156564)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,755 193,381
Tangible assets 5 104,974 131,469
Investments 6 492,276 492,276
620,005 817,126

CURRENT ASSETS
Debtors 7 200,002 184,043
Cash at bank 526,160 497,627
726,162 681,670
CREDITORS
Amounts falling due within one year 8 471,924 510,316
NET CURRENT ASSETS 254,238 171,354
TOTAL ASSETS LESS CURRENT LIABILITIES 874,243 988,480

CREDITORS
Amounts falling due after more than
one year

9

(198,420

)

(281,457

)

PROVISIONS FOR LIABILITIES (26,365 ) (32,067 )
NET ASSETS 649,458 674,956

CAPITAL AND RESERVES
Called up share capital 385 420
Capital redemption reserve 35 -
Retained earnings 649,038 674,536
649,458 674,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADAIR PAXTON LIMITED (REGISTERED NUMBER: 09156564)

BALANCE SHEET - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:





Mr S P Dalingwater - Director


ADAIR PAXTON LIMITED (REGISTERED NUMBER: 09156564)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

Adair Paxton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amounts paid in connection with the purchase of three businesses, is being written off over its estimated life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 35 ) .

ADAIR PAXTON LIMITED (REGISTERED NUMBER: 09156564)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1,721,951
AMORTISATION
At 1 October 2023 1,528,570
Amortisation for year 170,626
At 30 September 2024 1,699,196
NET BOOK VALUE
At 30 September 2024 22,755
At 30 September 2023 193,381

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 234,550
Additions 4,028
At 30 September 2024 238,578
DEPRECIATION
At 1 October 2023 103,081
Charge for year 30,523
At 30 September 2024 133,604
NET BOOK VALUE
At 30 September 2024 104,974
At 30 September 2023 131,469

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 492,276
NET BOOK VALUE
At 30 September 2024 492,276
At 30 September 2023 492,276

ADAIR PAXTON LIMITED (REGISTERED NUMBER: 09156564)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,322 82,591
Other debtors 125,680 101,452
200,002 184,043

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 70,370 67,146
Hire purchase contracts (see note 10) 12,667 12,666
Trade creditors 53,528 102,395
Amounts owed to group undertakings 25,912 35,017
Taxation and social security 300,607 228,016
Other creditors 8,840 65,076
471,924 510,316

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 129,660 200,030
Hire purchase contracts (see note 10) 68,760 81,427
198,420 281,457

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,667 12,666
Between one and five years 68,760 81,427
81,427 94,093

Non-cancellable operating leases
2024 2023
£    £   
Within one year 98,975 83,203
Between one and five years 165,482 200,456
264,457 283,659