Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01No description of principal activity7071truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01973147 2023-07-01 2024-06-30 01973147 2022-07-01 2023-06-30 01973147 2024-06-30 01973147 2023-06-30 01973147 c:Director1 2023-07-01 2024-06-30 01973147 c:RegisteredOffice 2023-07-01 2024-06-30 01973147 d:PlantMachinery 2023-07-01 2024-06-30 01973147 d:PlantMachinery 2024-06-30 01973147 d:PlantMachinery 2023-06-30 01973147 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01973147 d:FurnitureFittings 2023-07-01 2024-06-30 01973147 d:FurnitureFittings 2024-06-30 01973147 d:FurnitureFittings 2023-06-30 01973147 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01973147 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 01973147 d:OtherPropertyPlantEquipment 2024-06-30 01973147 d:OtherPropertyPlantEquipment 2023-06-30 01973147 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01973147 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01973147 d:CurrentFinancialInstruments 2024-06-30 01973147 d:CurrentFinancialInstruments 2023-06-30 01973147 d:Non-currentFinancialInstruments 2024-06-30 01973147 d:Non-currentFinancialInstruments 2023-06-30 01973147 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01973147 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01973147 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 01973147 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 01973147 d:ShareCapital 2024-06-30 01973147 d:ShareCapital 2023-06-30 01973147 d:RetainedEarningsAccumulatedLosses 2024-06-30 01973147 d:RetainedEarningsAccumulatedLosses 2023-06-30 01973147 c:FRS102 2023-07-01 2024-06-30 01973147 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01973147 c:FullAccounts 2023-07-01 2024-06-30 01973147 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 01973147







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


ADAPT EMS LTD






































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ADAPT EMS LTD
 


 
COMPANY INFORMATION


Director
G R Janney 




Registered number
01973147



Registered office
27-29 Knowl Piece
Wilbury Way

Hitchin

SG4 0TY




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


ADAPT EMS LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


ADAPT EMS LTD
REGISTERED NUMBER:01973147



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
527,247
284,107

  
527,247
284,107

Current assets
  

Stocks
  
2,167,278
2,042,317

Debtors: amounts falling due within one year
 5 
2,377,451
2,476,055

Cash at bank and in hand
  
31,911
402,163

  
4,576,640
4,920,535

Creditors: amounts falling due within one year
 6 
(2,697,660)
(2,639,737)

Net current assets
  
 
 
1,878,980
 
 
2,280,798

Total assets less current liabilities
  
2,406,227
2,564,905

Creditors: amounts falling due after more than one year
 7 
(362,980)
(291,363)

Provisions for liabilities
  

Deferred tax
  
(128,824)
(67,383)

  
 
 
(128,824)
 
 
(67,383)

Net assets
  
1,914,423
2,206,159


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,913,423
2,205,159

  
1,914,423
2,206,159


Page 1

 


ADAPT EMS LTD
REGISTERED NUMBER:01973147


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
G R Janney
Director

Date: 25 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


ADAPT EMS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Adapt ems Ltd 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.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


ADAPT EMS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Fixtures and fittings
-
33%
Improv to property
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


ADAPT EMS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 70 (2023 - 71).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Improv to property
Total

£
£
£
£



Cost or valuation


At 1 July 2023
1,154,164
105,108
8,460
1,267,732


Additions
324,251
9,387
-
333,638



At 30 June 2024

1,478,415
114,495
8,460
1,601,370



Depreciation


At 1 July 2023
889,541
90,367
3,717
983,625


Charge for the year on owned assets
80,479
8,750
1,269
90,498



At 30 June 2024

970,020
99,117
4,986
1,074,123



Net book value



At 30 June 2024
508,395
15,378
3,474
527,247



At 30 June 2023
264,623
14,741
4,743
284,107

Page 5

 


ADAPT EMS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,305,209
1,918,007

Amounts owed by group undertakings
-
497,217

Prepayments and accrued income
72,242
60,831

2,377,451
2,476,055



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
350,122

Bank loans
50,000
50,000

Trade creditors
1,039,478
870,616

Amounts owed to associates
204,862
183,370

Corporation tax
112,853
131,489

Other taxation and social security
245,176
342,608

Obligations under finance lease and hire purchase contracts
136,658
69,213

Other creditors
15,726
12,875

Accruals and deferred income
892,907
629,444

2,697,660
2,639,737


The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
91,667
141,667

Obligations under finance lease and hire purchase contracts
271,313
149,696

362,980
291,363


The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.


8.


Related party transactions

At the balance sheet date the company owed £327 (2023: £327) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6