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REGISTERED NUMBER: 04677915 (England and Wales)
























Financial Statements

for the Year Ended 31 March 2024

for

T.C. & R.L. Adams Limited
Trading as
Ty Medi Texels

T.C. & R.L. Adams Limited (Registered number: 04677915)
Trading as Ty Medi Texels






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


T.C. & R.L. Adams Limited
Trading as Ty Medi Texels

Company Information
for the Year Ended 31 March 2024







Directors: Mrs J N Adams
T C N Adams





Secretary: D A Adams





Registered office: 9 Court Road
Bridgend
South Wales
CF31 1BE





Registered number: 04677915 (England and Wales)





Accountants: Roger Thomas Limited
9 Court Road
Bridgend
South Wales
CF31 1BE

T.C. & R.L. Adams Limited (Registered number: 04677915)
Trading as Ty Medi Texels

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 712,726 593,012

Current assets
Stocks 250,300 194,600
Debtors 5 36,813 81
Cash at bank 20,820 6,149
307,933 200,830
Creditors
Amounts falling due within one year 6 202,985 298,169
Net current assets/(liabilities) 104,948 (97,339 )
Total assets less current liabilities 817,674 495,673

Creditors
Amounts falling due after more than one
year

7

662,918

356,763
Net assets 154,756 138,910

Capital and reserves
Called up share capital 100 100
Retained earnings 154,656 138,810
Shareholders' funds 154,756 138,910

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.

T.C. & R.L. Adams Limited (Registered number: 04677915)
Trading as Ty Medi Texels

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





T C N Adams - Director


T.C. & R.L. Adams Limited (Registered number: 04677915)
Trading as Ty Medi Texels

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

1. Statutory information

T.C. & R.L. Adams 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. Employees and directors

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

T.C. & R.L. Adams Limited (Registered number: 04677915)
Trading as Ty Medi Texels

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

4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2023 221,902 506,817 661
Additions - 153,415 -
Disposals - (25,000 ) -
At 31 March 2024 221,902 635,232 661
Depreciation
At 1 April 2023 - 136,834 280
Charge for year - 56,211 76
Eliminated on disposal - (10,000 ) -
At 31 March 2024 - 183,045 356
Net book value
At 31 March 2024 221,902 452,187 305
At 31 March 2023 221,902 369,983 381

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 32,774 6,045 768,199
Additions 38,038 - 191,453
Disposals - - (25,000 )
At 31 March 2024 70,812 6,045 934,652
Depreciation
At 1 April 2023 32,774 5,299 175,187
Charge for year - 452 56,739
Eliminated on disposal - - (10,000 )
At 31 March 2024 32,774 5,751 221,926
Net book value
At 31 March 2024 38,038 294 712,726
At 31 March 2023 - 746 593,012

5. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Trade debtors 26,299 -
Other debtors 10,514 81
36,813 81

T.C. & R.L. Adams Limited (Registered number: 04677915)
Trading as Ty Medi Texels

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

6. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 86,164 169,526
Trade creditors 6,993 5,693
Taxation and social security 479 588
Other creditors 109,349 122,362
202,985 298,169

7. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£    £   
Bank loans 625,422 291,478
Hire purchase contracts 37,496 65,285
662,918 356,763

Amounts falling due in more than five years:

Repayable by instalments
Societe Generale Loan 105,575 17,336
Bounce Back Loan 9,333 13,333
114,908 30,669