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REGISTERED NUMBER: 04298723 (England and Wales)






Financial Statements

for the Year Ended 31 March 2024

for

ADAIR LIMITED

ADAIR LIMITED (REGISTERED NUMBER: 04298723)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

ADAIR LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Sullivan
V Sullivan





REGISTERED OFFICE: Crossways House
39 East Street
Epsom
Surrey
KT17 1BL





REGISTERED NUMBER: 04298723 (England and Wales)





ACCOUNTANTS: Pembroke Briggs Chartered Accountants
Beacon House
South Road
Weybridge
Surrey
KT13 9DZ

ADAIR LIMITED (REGISTERED NUMBER: 04298723)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 113,139 83,346
Tangible assets 5 147,807 190,085
260,946 273,431

CURRENT ASSETS
Debtors 1,716,764 1,574,904

CREDITORS
Amounts falling due within one
year

1,142,893

875,668
NET CURRENT ASSETS 573,871 699,236
TOTAL ASSETS LESS
CURRENT LIABILITIES

834,817

972,667

CREDITORS
Amounts falling due after more
than one year

6

75,013

106,954
NET ASSETS 759,804 865,713

ADAIR LIMITED (REGISTERED NUMBER: 04298723)

Abridged Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 759,802 865,711
SHAREHOLDERS' FUNDS 759,804 865,713

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 March 2025 and were signed on its behalf by:





J Sullivan - Director


ADAIR LIMITED (REGISTERED NUMBER: 04298723)

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


1. STATUTORY INFORMATION

Adair 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 10% on cost
Motor vehicles - 5% 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.


ADAIR LIMITED (REGISTERED NUMBER: 04298723)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 26 ) .

ADAIR LIMITED (REGISTERED NUMBER: 04298723)

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


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 127,792
Additions 40,904
At 31 March 2024 168,696
AMORTISATION
At 1 April 2023 44,446
Amortisation for year 11,111
At 31 March 2024 55,557
NET BOOK VALUE

At 31 March 2024 113,139
At 31 March 2023 83,346

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 234,690
Additions 14,174
At 31 March 2024 248,864
DEPRECIATION
At 1 April 2023 44,605
Charge for year 56,452
At 31 March 2024 101,057
NET BOOK VALUE
At 31 March 2024 147,807
At 31 March 2023 190,085

ADAIR LIMITED (REGISTERED NUMBER: 04298723)

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


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN FIVE YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 75,013 106,954

ADAIR LIMITED

Report of the Accountants to the Directors of
Adair Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Pembroke Briggs Chartered Accountants
Beacon House
South Road
Weybridge
Surrey
KT13 9DZ


Date: .............................................