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REGISTERED NUMBER: 03178259 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Adams Gold Limited

Adams Gold Limited (Registered number: 03178259)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adams Gold Limited

Company Information
for the Year Ended 31st August 2024







Director: A E Georgiou





Registered office: C/O Hns Accountants Ltd,
79 College Road
Harrow
HA1 1BD





Registered number: 03178259 (England and Wales)





Accountants: HNS Accountants Limited
79 College Road
3rd floor,Regus
Harrow
London
HA1 1BD

Adams Gold Limited (Registered number: 03178259)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
Fixed assets
Tangible assets 4 111,050 108,126

Current assets
Stocks 829,047 670,722
Debtors 5 169,221 221,808
Cash at bank and in hand 112,411 218,150
1,110,679 1,110,680
Creditors: amounts falling due
within one year

6

236,035

294,323
Net current assets 874,644 816,357
Total assets less current liabilities 985,694 924,483

Creditors: amounts falling due after
more than one year

7

7,036

16,777
Net assets 978,658 907,706

Capital and reserves
Called up share capital 50,000 50,000
Retained earnings 928,658 857,706
978,658 907,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 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.

Adams Gold Limited (Registered number: 03178259)

Balance Sheet - continued
31st August 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 director and authorised for issue on 29th May 2025 and were signed by:





A E Georgiou - Director


Adams Gold Limited (Registered number: 03178259)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Adams Gold 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Adams Gold Limited (Registered number: 03178259)

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

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1st September 2023 287,782 14,031 301,813
Additions 46,527 1,812 48,339
At 31st August 2024 334,309 15,843 350,152
Depreciation
At 1st September 2023 186,662 7,025 193,687
Charge for year 40,849 4,566 45,415
At 31st August 2024 227,511 11,591 239,102
Net book value
At 31st August 2024 106,798 4,252 111,050
At 31st August 2023 101,120 7,006 108,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 140,721 199,808
Other debtors 25,000 20,000
Prepayments 3,500 2,000
169,221 221,808

Adams Gold Limited (Registered number: 03178259)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 14,945 25,840
Trade creditors 87,607 109,995
Tax 42,749 25,068
Social security and other taxes 4,168 11,722
VAT 52,815 55,191
Wages payable 13,177 17,127
Directors' current accounts 20,574 49,380
236,035 294,323

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 7,036 16,777