Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 01445080 I A Adam A A Adam S A Adam I A Adam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01445080 2023-08-31 01445080 2024-08-31 01445080 2023-09-01 2024-08-31 01445080 frs-core:CurrentFinancialInstruments 2024-08-31 01445080 frs-core:FurnitureFittings 2024-08-31 01445080 frs-core:FurnitureFittings 2023-09-01 2024-08-31 01445080 frs-core:FurnitureFittings 2023-08-31 01445080 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 01445080 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 01445080 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 01445080 frs-core:MotorVehicles 2024-08-31 01445080 frs-core:MotorVehicles 2023-09-01 2024-08-31 01445080 frs-core:MotorVehicles 2023-08-31 01445080 frs-core:PlantMachinery 2024-08-31 01445080 frs-core:PlantMachinery 2023-09-01 2024-08-31 01445080 frs-core:PlantMachinery 2023-08-31 01445080 frs-core:CapitalRedemptionReserve 2024-08-31 01445080 frs-core:ShareCapital 2024-08-31 01445080 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 01445080 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01445080 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 01445080 frs-bus:SmallEntities 2023-09-01 2024-08-31 01445080 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01445080 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 01445080 frs-core:ListedExchangeTraded 2024-08-31 01445080 frs-core:ListedExchangeTraded 2023-08-31 01445080 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-08-31 01445080 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-08-31 01445080 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-08-31 01445080 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-08-31 01445080 frs-bus:Director1 2023-09-01 2024-08-31 01445080 frs-bus:Director2 2023-09-01 2024-08-31 01445080 frs-bus:Director3 2023-09-01 2024-08-31 01445080 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 01445080 frs-core:CurrentFinancialInstruments 1 2024-08-31 01445080 frs-core:CurrentFinancialInstruments 2 2024-08-31 01445080 frs-countries:EnglandWales 2023-09-01 2024-08-31 01445080 2022-08-31 01445080 2023-08-31 01445080 2022-09-01 2023-08-31 01445080 frs-core:CurrentFinancialInstruments 2023-08-31 01445080 frs-core:CapitalRedemptionReserve 2023-08-31 01445080 frs-core:ShareCapital 2023-08-31 01445080 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 01445080 frs-core:CurrentFinancialInstruments 1 2023-08-31 01445080 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: 01445080
Adam & Co. (Textiles) Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 01445080
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,060 114,100
Investments 5 5,074 5,074
109,134 119,174
CURRENT ASSETS
Stocks 6 30,000 68,215
Debtors 7 540,512 638,906
Cash at bank and in hand 296,381 217,534
866,893 924,655
Creditors: Amounts Falling Due Within One Year 8 (838,209 ) (771,858 )
NET CURRENT ASSETS (LIABILITIES) 28,684 152,797
TOTAL ASSETS LESS CURRENT LIABILITIES 137,818 271,971
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,322 ) (49,322 )
NET ASSETS 88,496 222,649
CAPITAL AND RESERVES
Called up share capital 9 80 80
Capital redemption reserve 20 20
Income Statement 88,396 222,549
SHAREHOLDERS' FUNDS 88,496 222,649
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
I A Adam
Director
22nd May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Adam & Co. (Textiles) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01445080 . The registered office is Watergates Building, 109 Coleman Road, Leicester, LE5 4LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% on cost
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 14)
14 14
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2023 13,017 1,892,345 44,358 40,725 1,990,445
Additions - 7,995 - - 7,995
As at 31 August 2024 13,017 1,900,340 44,358 40,725 1,998,440
Depreciation
As at 1 September 2023 9,409 1,782,651 44,304 39,981 1,876,345
Provided during the period 423 17,450 14 148 18,035
As at 31 August 2024 9,832 1,800,101 44,318 40,129 1,894,380
Net Book Value
As at 31 August 2024 3,185 100,239 40 596 104,060
As at 1 September 2023 3,608 109,694 54 744 114,100
5. Investments
Listed
£
Cost
As at 1 September 2023 5,074
As at 31 August 2024 5,074
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 5,074
As at 1 September 2023 5,074
6. Stocks
2024 2023
£ £
Finished goods 30,000 68,215
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,731 160,437
Prepayments and accrued income 15,196 12,825
Other debtors (1) 458,585 465,592
VAT - 52
540,512 638,906
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72,016 96,120
Bank loans and overdrafts - 25,395
Other taxes and social security 643 1,185
VAT 1,848 -
Pension fund 448 638
Accruals and deferred income 98,675 140,071
Directors' loan accounts 664,579 508,449
838,209 771,858
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 80 80
10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:Included within creditors are loans owed by the company to the directors of £664,579  (2023:£508,449). The loans are interest free and have no fixed date for repayment.
Page 5