Latham Adams Limited 05336021 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is commercial construction. Digita Accounts Production Advanced 6.30.9574.0 true 05336021 2023-04-01 2024-03-31 05336021 2024-03-31 05336021 core:CurrentFinancialInstruments 2024-03-31 05336021 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05336021 core:FurnitureFittingsToolsEquipment 2024-03-31 05336021 core:MotorVehicles 2024-03-31 05336021 core:OtherPropertyPlantEquipment 2024-03-31 05336021 bus:SmallEntities 2023-04-01 2024-03-31 05336021 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05336021 bus:FullAccounts 2023-04-01 2024-03-31 05336021 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05336021 bus:RegisteredOffice 2023-04-01 2024-03-31 05336021 bus:Director3 2023-04-01 2024-03-31 05336021 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05336021 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05336021 core:MotorVehicles 2023-04-01 2024-03-31 05336021 core:OfficeEquipment 2023-04-01 2024-03-31 05336021 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 05336021 core:PlantMachinery 2023-04-01 2024-03-31 05336021 core:OtherRelatedParties 2023-04-01 2024-03-31 05336021 countries:EnglandWales 2023-04-01 2024-03-31 05336021 2023-03-31 05336021 core:FurnitureFittingsToolsEquipment 2023-03-31 05336021 core:MotorVehicles 2023-03-31 05336021 core:OtherPropertyPlantEquipment 2023-03-31 05336021 2022-04-01 2023-03-31 05336021 2023-03-31 05336021 core:CurrentFinancialInstruments 2023-03-31 05336021 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05336021 core:FurnitureFittingsToolsEquipment 2023-03-31 05336021 core:MotorVehicles 2023-03-31 05336021 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05336021

Latham Adams Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Latham Adams Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Latham Adams Limited

(Registration number: 05336021)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

61,558

77,619

Current assets

 

Debtors

5

172,472

164,649

Cash at bank and in hand

 

1,063

244

 

173,535

164,893

Creditors: Amounts falling due within one year

6

(43,149)

(40,331)

Net current assets

 

130,386

124,562

Total assets less current liabilities

 

191,944

202,181

Provisions for liabilities

(11,696)

(14,748)

Net assets

 

180,248

187,433

Capital and reserves

 

Called up share capital

100

100

Retained earnings

180,148

187,333

Shareholders' funds

 

180,248

187,433

 

Latham Adams Limited

(Registration number: 05336021)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 March 2025
 

.........................................
Mr Brian David Latham
Director

 

Latham Adams Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Ryders Bank
Brindley
Nantwich
Cheshire
CW5 8HX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value
added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Latham Adams Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss,

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at their revalued amount, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment (furniture,fittings and equipment)

33% reducing balance

Plant and machinery (other tangible assets)

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Latham Adams Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

39,117

16,798

281,725

337,640

Disposals

-

-

(16,500)

(16,500)

At 31 March 2024

39,117

16,798

265,225

321,140

Depreciation

At 1 April 2023

16,124

14,108

229,789

260,021

Charge for the year

2,309

672

6,857

9,838

Eliminated on disposal

-

-

(10,277)

(10,277)

At 31 March 2024

18,433

14,780

226,369

259,582

Carrying amount

At 31 March 2024

20,684

2,018

38,856

61,558

At 31 March 2023

22,993

2,690

51,936

77,619

5

Debtors

Current

2024
£

2023
£

Other debtors

172,472

164,649

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,506

-

Accruals and deferred income

717

717

Other creditors

40,926

39,614

43,149

40,331

 

Latham Adams Limited

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

7

Related party transactions

Summary of transactions with other related parties

Latham Agri Limited is related to Latham Adams Limited by virtue of the fact that Mr Brian Latham (director) is also a director of Latham Agri Limited.

At the year-end the balance owed by Latham Agri Limited was £169,168 (31 March 2023 £161,228)

This balance was interest free, repayable on demand and included in other debtors.