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REGISTERED NUMBER: 05783331 (England and Wales)











ADAMS & JONES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






ADAMS & JONES LIMITED (REGISTERED NUMBER: 05783331)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


ADAMS & JONES LIMITED (REGISTERED NUMBER: 05783331)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,613 70,453
55,613 70,453

CURRENT ASSETS
Debtors 6 29,937 16,320
Prepayments and accrued income 1,946 1,818
Cash at bank and in hand 270,035 268,158
301,918 286,296
CREDITORS
Amounts falling due within one year 7 89,744 76,035
NET CURRENT ASSETS 212,174 210,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,787

280,714

CREDITORS
Amounts falling due after more than one
year

8

(4,599

)

(12,194

)

ACCRUALS AND DEFERRED INCOME (3,027 ) (5,163 )
NET ASSETS 260,161 263,357

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 260,061 263,257
SHAREHOLDERS' FUNDS 260,161 263,357

ADAMS & JONES LIMITED (REGISTERED NUMBER: 05783331)

BALANCE SHEET - continued
31 JANUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 24 April 2025 and were signed by:





P N Adams - Director


ADAMS & JONES LIMITED (REGISTERED NUMBER: 05783331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Adams & Jones Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05783331

Registered office: St Mary's Chambers
9 St Mary's Road
Market Harborough
Leicestershire
LE16 7DS

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 amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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.
Long leasehold - over the period of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


ADAMS & JONES LIMITED (REGISTERED NUMBER: 05783331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 58,703
AMORTISATION
At 1 February 2024
and 31 January 2025 58,703
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

ADAMS & JONES LIMITED (REGISTERED NUMBER: 05783331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 12,283 40,469 78,499 27,740 158,991
Additions - 2,792 - 494 3,286
At 31 January 2025 12,283 43,261 78,499 28,234 162,277
DEPRECIATION
At 1 February 2024 12,283 37,875 19,625 18,755 88,538
Charge for year - 1,091 14,720 2,315 18,126
At 31 January 2025 12,283 38,966 34,345 21,070 106,664
NET BOOK VALUE
At 31 January 2025 - 4,295 44,154 7,164 55,613
At 31 January 2024 - 2,594 58,874 8,985 70,453

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 24,437 10,820
Other debtors 5,500 5,500
29,937 16,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 7,595 7,230
Trade creditors 7,210 7,061
Taxation and social security 73,051 39,500
Other creditors 1,888 22,244
89,744 76,035

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 4,599 12,194

ADAMS & JONES LIMITED (REGISTERED NUMBER: 05783331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 12,194 19,424

Hire purchase creditors are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary 1 100 100

11. OTHER FINANCIAL COMMITMENTS

Not included in the balance sheet are financial commitments, in the form of operating leases, amounting to £41,298 (2024 - £63,440).