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ADAM & CO SHREWSBURY LTD

Registered Number
09149064
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

ADAM & CO SHREWSBURY LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

Enamul Islam

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

09149064 (England and Wales)
ADAM & CO SHREWSBURY LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets320,9238,194
20,9238,194
Current assets
Stocks1,195495
Debtors43,68323,675
Cash at bank and on hand53,97084,541
58,848108,711
Creditors amounts falling due within one year5(35,876)(53,162)
Net current assets (liabilities)22,97255,549
Total assets less current liabilities43,89563,743
Creditors amounts falling due after one year6(18,079)(28,975)
Net assets25,81634,768
Capital and reserves
Called up share capital100100
Profit and loss account25,71634,668
Shareholders' funds25,81634,768
The financial statements were approved and authorised for issue by the Director on 12 February 2025, and are signed on its behalf by:
Enamul Islam
Director
Registered Company No. 09149064
ADAM & CO SHREWSBURY LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year129
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 2324,508
Additions17,959
At 31 July 2442,467
Depreciation and impairment
At 01 August 2316,314
Charge for year5,230
At 31 July 2421,544
Net book value
At 31 July 2420,923
At 31 July 238,194
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,69121,588
Prepayments and accrued income9922,087
Total3,68323,675
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4741,720
Taxation and social security25,89840,787
Other creditors8,6498,883
Accrued liabilities and deferred income8551,772
Total35,87653,162
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts18,07928,975
Total18,07928,975