IRIS Accounts Production v24.3.2.46 SC243929 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2439292023-03-31SC2439292024-03-31SC2439292023-04-012024-03-31SC2439292022-03-31SC2439292022-04-012023-03-31SC2439292023-03-31SC243929ns15:Scotland2023-04-012024-03-31SC243929ns14:PoundSterling2023-04-012024-03-31SC243929ns10:Director12023-04-012024-03-31SC243929ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC243929ns10:SmallEntities2023-04-012024-03-31SC243929ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC243929ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC243929ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC243929ns10:FullAccounts2023-04-012024-03-31SC24392912023-04-012024-03-31SC243929ns10:Director32023-04-012024-03-31SC243929ns10:RegisteredOffice2023-04-012024-03-31SC243929ns5:CurrentFinancialInstruments2024-03-31SC243929ns5:CurrentFinancialInstruments2023-03-31SC243929ns5:Non-currentFinancialInstruments2024-03-31SC243929ns5:Non-currentFinancialInstruments2023-03-31SC243929ns5:ShareCapital2024-03-31SC243929ns5:ShareCapital2023-03-31SC243929ns5:RevaluationReserve2024-03-31SC243929ns5:RevaluationReserve2023-03-31SC243929ns5:RetainedEarningsAccumulatedLosses2024-03-31SC243929ns5:RetainedEarningsAccumulatedLosses2023-03-31SC243929ns5:NetGoodwill2023-04-012024-03-31SC243929ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC243929ns5:LeaseholdImprovements2023-04-012024-03-31SC243929ns5:PlantMachinery2023-04-012024-03-31SC243929ns5:FurnitureFittings2023-04-012024-03-31SC243929ns5:MotorVehicles2023-04-012024-03-31SC243929ns5:ComputerEquipment2023-04-012024-03-31SC243929ns5:NetGoodwill2023-03-31SC243929ns5:NetGoodwill2024-03-31SC243929ns5:NetGoodwill2023-03-31SC243929ns5:LandBuildings2023-03-31SC243929ns5:LeaseholdImprovements2023-03-31SC243929ns5:PlantMachinery2023-03-31SC243929ns5:LandBuildings2023-04-012024-03-31SC243929ns5:LandBuildings2024-03-31SC243929ns5:LeaseholdImprovements2024-03-31SC243929ns5:PlantMachinery2024-03-31SC243929ns5:LandBuildings2023-03-31SC243929ns5:LeaseholdImprovements2023-03-31SC243929ns5:PlantMachinery2023-03-31SC243929ns5:FurnitureFittings2023-03-31SC243929ns5:MotorVehicles2023-03-31SC243929ns5:ComputerEquipment2023-03-31SC243929ns5:FurnitureFittings2024-03-31SC243929ns5:MotorVehicles2024-03-31SC243929ns5:ComputerEquipment2024-03-31SC243929ns5:FurnitureFittings2023-03-31SC243929ns5:MotorVehicles2023-03-31SC243929ns5:ComputerEquipment2023-03-31SC243929ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC243929ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC243929ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: SC243929 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ADAMSPUBCO LTD

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAMSPUBCO LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P C Adams
A R Adams





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC243929 (Scotland)






ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,192 2,661
Tangible assets 5 128,878 133,506
130,070 136,167

CURRENT ASSETS
Debtors 6 18,168 98,272
Cash at bank 806 3,937
18,974 102,209
CREDITORS
Amounts falling due within one year 7 338,094 342,527
NET CURRENT LIABILITIES (319,120 ) (240,318 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(189,050

)

(104,151

)

CREDITORS
Amounts falling due after more than one
year

8

130,897

164,605
NET LIABILITIES (319,947 ) (268,756 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 4,344 4,344
Retained earnings (324,391 ) (273,200 )
(319,947 ) (268,756 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Balance Sheet - continued
31 March 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 19 February 2025 and were signed on its behalf by:





P C Adams - Director


ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Adamspubco Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill is being amortised evenly over its estimated useful life

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 309,044
AMORTISATION
At 1 April 2023 306,383
Charge for year 1,469
At 31 March 2024 307,852
NET BOOK VALUE
At 31 March 2024 1,192
At 31 March 2023 2,661

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 76,151 16,713 63,137
Additions - - -
At 31 March 2024 76,151 16,713 63,137
DEPRECIATION
At 1 April 2023 - 3,827 46,790
Charge for year - 1,289 4,086
At 31 March 2024 - 5,116 50,876
NET BOOK VALUE
At 31 March 2024 76,151 11,597 12,261
At 31 March 2023 76,151 12,886 16,347

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 67,651 8,500 2,668 234,820
Additions - 5,833 - 5,833
At 31 March 2024 67,651 14,333 2,668 240,653
DEPRECIATION
At 1 April 2023 40,914 8,122 1,661 101,314
Charge for year 4,011 823 252 10,461
At 31 March 2024 44,925 8,945 1,913 111,775
NET BOOK VALUE
At 31 March 2024 22,726 5,388 755 128,878
At 31 March 2023 26,737 378 1,007 133,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 77,419
Other debtors 18,168 20,853
18,168 98,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,896 25,896
Trade creditors 19,350 31,613
Amounts owed to group undertakings 13,050 -
Amounts owed to participating interests 1,980 1,080
Taxation and social security 3,631 4,491
Other creditors 274,187 279,447
338,094 342,527

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 116,561 140,269
Other creditors 14,336 24,336
130,897 164,605

ADAMSPUBCO LTD (REGISTERED NUMBER: SC243929)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 4,344

10. ULTIMATE CONTROLLING PARTY

The controlling party is P C Adams.

11. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.