Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04780963 Mr D M Morris-Adams Mr D M Morris-Adams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04780963 2023-12-31 04780963 2024-12-31 04780963 2024-01-01 2024-12-31 04780963 frs-core:CurrentFinancialInstruments 2024-12-31 04780963 frs-core:Non-currentFinancialInstruments 2024-12-31 04780963 frs-core:ComputerEquipment 2024-12-31 04780963 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04780963 frs-core:ComputerEquipment 2023-12-31 04780963 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04780963 frs-core:FurnitureFittings 2024-12-31 04780963 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04780963 frs-core:FurnitureFittings 2023-12-31 04780963 frs-core:NetGoodwill 2024-12-31 04780963 frs-core:NetGoodwill 2024-01-01 2024-12-31 04780963 frs-core:NetGoodwill 2023-12-31 04780963 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04780963 frs-core:MotorVehicles 2024-12-31 04780963 frs-core:MotorVehicles 2024-01-01 2024-12-31 04780963 frs-core:MotorVehicles 2023-12-31 04780963 frs-core:OtherResidualIntangibleAssets 2024-12-31 04780963 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04780963 frs-core:OtherResidualIntangibleAssets 2023-12-31 04780963 frs-core:ShareCapital 2024-12-31 04780963 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04780963 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04780963 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04780963 frs-bus:SmallEntities 2024-01-01 2024-12-31 04780963 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04780963 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04780963 frs-core:UnlistedNon-exchangeTraded 2024-12-31 04780963 frs-core:UnlistedNon-exchangeTraded 2023-12-31 04780963 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 04780963 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04780963 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 04780963 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04780963 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04780963 frs-bus:Director1 2024-01-01 2024-12-31 04780963 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04780963 frs-countries:EnglandWales 2024-01-01 2024-12-31 04780963 2022-12-31 04780963 2023-12-31 04780963 2023-01-01 2023-12-31 04780963 frs-core:CurrentFinancialInstruments 2023-12-31 04780963 frs-core:Non-currentFinancialInstruments 2023-12-31 04780963 frs-core:ShareCapital 2023-12-31 04780963 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04780963
Adams Lettings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Director Mr D M Morris-Adams
Secretary Mr D M Morris-Adams
Company Number 04780963
Registered Office 54 High Street
Runcorn
Cheshire
WA7 1AW
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Adams Lettings Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Adams Lettings Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Adams Lettings Limited , as a body, in accordance with the terms of our engagement letter dated 28 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Adams Lettings Limited and state those matters that we have agreed to state to the director of Adams Lettings Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adams Lettings Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Adams Lettings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Adams Lettings Limited . You consider that Adams Lettings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Adams Lettings 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 financial statements.
Signed
12 March 2025
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Balance Sheet
Registered number: 04780963
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 8,600
Tangible Assets 5 7,629 9,134
Investments 6 - 60
7,629 17,794
CURRENT ASSETS
Debtors 7 8,000 8,768
Cash at bank and in hand 143,780 46,833
151,780 55,601
Creditors: Amounts Falling Due Within One Year 8 (92,875 ) (80,556 )
NET CURRENT ASSETS (LIABILITIES) 58,905 (24,955 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,534 (7,161 )
Creditors: Amounts Falling Due After More Than One Year 9 (3,858 ) (13,858 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,102 ) (1,302 )
NET ASSETS/(LIABILITIES) 61,574 (22,321 )
CAPITAL AND RESERVES
Called up share capital 10 10
Profit and Loss Account 61,564 (22,331 )
SHAREHOLDERS' FUNDS 61,574 (22,321)
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Page 4
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D M Morris-Adams
Director
12 March 2025
The notes on pages 5 to 8 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Adams Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04780963 . The registered office is 54 High Street, Runcorn, Cheshire, WA7 1AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are data and records. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold nil
Motor vehicles 20% Reducing balance
Fixtures and fittings 20% Reducing balance
Computer equipment 20% Reducing balance
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 24,300 103,700 128,000
As at 31 December 2024 24,300 103,700 128,000
Amortisation
As at 1 January 2024 21,700 97,700 119,400
Provided during the period 2,600 6,000 8,600
As at 31 December 2024 24,300 103,700 128,000
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 2,600 6,000 8,600
5. Tangible Assets
Motor vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost or Valuation
As at 1 January 2024 12,494 8,966 75,937 97,397
Additions - - 402 402
As at 31 December 2024 12,494 8,966 76,339 97,799
Depreciation
As at 1 January 2024 12,369 6,583 69,311 88,263
Provided during the period 25 477 1,405 1,907
As at 31 December 2024 12,394 7,060 70,716 90,170
Net Book Value
As at 31 December 2024 100 1,906 5,623 7,629
As at 1 January 2024 125 2,383 6,626 9,134
Page 6
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6. Investments
Unlisted
£
Cost
As at 1 January 2024 60
Disposals (60 )
As at 31 December 2024 -
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 60
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 8,000 5,476
Other taxes and social security - 3,292
8,000 8,768
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Corporation tax 47,031 32,093
VAT 25,772 35,828
Other creditors 807 904
Accruals and deferred income 1,476 1,731
Director's loan account 7,789 -
92,875 80,556
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,858 13,858
The loan above was obtained under the government bounce back loan scheme and is therefore 100% secured by the government with no charge over the assets of the company. 
10. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
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11. Related Party Transactions
The following related party transactions were undertaken during the year:
Dividends were paid to the director totalling £48,000 in respect of their shareholdings. (2023: £48,000)
At the balance sheet date £7,789 was owed to the director (2023: Nil). 
At the year end the company was owed £8,000 (2023: £nil) from a company under common control.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial reporting Standard applicable in the UK and Republic of Ireland'.
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