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REGISTERED NUMBER: 04028794 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lindley Adams Limited

Lindley Adams Limited (Registered number: 04028794)

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


Lindley Adams Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D C Adams FCA, CTA, FIMgt
M Abubakr BSc (Hons) ACA





SECRETARY: N Flynn





REGISTERED OFFICE: 28 Prescott Street
Halifax
West Yorkshire
HX1 2LG





REGISTERED NUMBER: 04028794 (England and Wales)






Lindley Adams Limited (Registered number: 04028794)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,415 18,018
Tangible assets 5 4,783 5,252
19,198 23,270

CURRENT ASSETS
Debtors 6 659,624 505,250
Cash at bank and in hand 8,918 63,755
668,542 569,005
CREDITORS
Amounts falling due within one year 7 389,174 282,767
NET CURRENT ASSETS 279,368 286,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,566

309,508

CREDITORS
Amounts falling due after more than one
year

8

9,301

62,611
NET ASSETS 289,265 246,897

CAPITAL AND RESERVES
Called up share capital 108 108
Capital redemption reserve 6 6
Retained earnings 289,151 246,783
SHAREHOLDERS' FUNDS 289,265 246,897

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.

Lindley Adams Limited (Registered number: 04028794)

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 10 March 2025 and were signed on its behalf by:





D C Adams FCA, CTA, FIMgt - Director


Lindley Adams Limited (Registered number: 04028794)

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


1. STATUTORY INFORMATION

Lindley 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 represents the extent to which the company has obtained the right to consideration through the performance of its contractual obligations to its clients. Turnover is derived from ordinary activities and is stated net of discounts and VAT.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets and liabilities of the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its 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.
Fixtures and equipment - 15% on reducing balance
Computer equipment - 33% on cost

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.

Lindley Adams Limited (Registered number: 04028794)

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 19 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 93,915
AMORTISATION
At 1 April 2023 75,897
Amortisation for year 3,603
At 31 March 2024 79,500
NET BOOK VALUE
At 31 March 2024 14,415
At 31 March 2023 18,018

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 31,215 44,682 75,897
Additions 377 - 377
At 31 March 2024 31,592 44,682 76,274
DEPRECIATION
At 1 April 2023 26,062 44,583 70,645
Charge for year 789 57 846
At 31 March 2024 26,851 44,640 71,491
NET BOOK VALUE
At 31 March 2024 4,741 42 4,783
At 31 March 2023 5,153 99 5,252

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 250,757 133,700
Amounts recoverable on contract 109,317 114,151
Other debtors 299,550 257,399
659,624 505,250

Lindley Adams Limited (Registered number: 04028794)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 53,293 49,225
Trade creditors 43,732 39,090
Taxation and social security 223,421 148,730
Other creditors 68,728 45,722
389,174 282,767

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 9,301 62,611

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 28,638 18,256
Between one and five years 32,135 30,966
60,773 49,222

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 62,594 111,836

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D C Adams FCA, CTA, FIMgt
Balance outstanding at start of year (2,014 ) (1,588 )
Amounts advanced 56,557 63,574
Amounts repaid (20,495 ) (64,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,048 (2,014 )

All loans with directors are interest free and repayable upon demand.