1
01/04/2024
31/03/2025
2025-03-31
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No description of principal activities is disclosed
2024-04-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
04746674
2024-04-01
2025-03-31
04746674
2025-03-31
04746674
2024-03-31
04746674
2023-04-01
2024-03-31
04746674
2024-03-31
04746674
2023-03-31
04746674
core:FurnitureFittingsToolsEquipment
2024-04-01
2025-03-31
04746674
core:OnerousContractsExcludingVacantProperties
2024-04-01
2025-03-31
04746674
bus:Director1
2024-04-01
2025-03-31
04746674
core:FurnitureFittingsToolsEquipment
2024-03-31
04746674
core:FurnitureFittingsToolsEquipment
2025-03-31
04746674
core:WithinOneYear
2025-03-31
04746674
core:WithinOneYear
2024-03-31
04746674
core:UKTax
2024-04-01
2025-03-31
04746674
core:UKTax
2023-04-01
2024-03-31
04746674
core:ShareCapital
2025-03-31
04746674
core:ShareCapital
2024-03-31
04746674
core:RetainedEarningsAccumulatedLosses
2025-03-31
04746674
core:RetainedEarningsAccumulatedLosses
2024-03-31
04746674
core:DeferredTaxation
2024-04-01
2025-03-31
04746674
core:AcceleratedTaxDepreciationDeferredTax
2025-03-31
04746674
core:AcceleratedTaxDepreciationDeferredTax
2024-03-31
04746674
core:DeferredTaxation
2024-03-31
04746674
core:DeferredTaxation
2025-03-31
04746674
bus:Director1
2024-03-31
04746674
bus:Director1
2025-03-31
04746674
bus:Director1
2023-03-31
04746674
bus:Director1
2024-03-31
04746674
bus:Director1
2023-04-01
2024-03-31
04746674
bus:SmallEntities
2024-04-01
2025-03-31
04746674
bus:AuditExempt-NoAccountantsReport
2024-04-01
2025-03-31
04746674
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
04746674
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
04746674
bus:FullAccounts
2024-04-01
2025-03-31
04746674
core:ComputerEquipment
2024-04-01
2025-03-31
04746674
core:ComputerEquipment
2025-03-31
04746674
core:ComputerEquipment
2024-03-31
04746674
core:OtherRelatedParties
2024-04-01
2025-03-31
Company registration number:
04746674
Adam Simmons and Associates Limited
Unaudited filleted financial statements
31 March 2025
Adam Simmons and Associates Limited
Contents
Statement of financial position
Notes to the financial statements
Adam Simmons and Associates Limited
Statement of financial position
31 March 2025
|
|
|
2025 |
|
|
|
2024 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Tangible assets |
|
7 |
708 |
|
|
|
1,422 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
708 |
|
|
|
1,422 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
8 |
11,042 |
|
|
|
158 |
|
|
|
Cash at bank and in hand |
|
|
12,201 |
|
|
|
28,272 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
23,243 |
|
|
|
28,430 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
8,593) |
|
|
|
(
6,832) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets |
|
|
|
|
14,650 |
|
|
|
21,598 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
15,358 |
|
|
|
23,020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
10 |
|
|
(
134) |
|
|
|
(
270) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
15,224 |
|
|
|
22,750 |
|
|
|
|
|
_______ |
|
|
|
_______ |
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Capital and reserves |
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|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
|
Profit and loss account |
|
|
|
|
15,124 |
|
|
|
22,651 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
15,224 |
|
|
|
22,751 |
|
|
|
|
|
_______ |
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_______ |
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For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 June 2025
, and are signed on behalf of the board by:
Mr Adam Simmons
Director
Company registration number:
04746674
Adam Simmons and Associates Limited
Notes to the financial statements
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deansfield House, 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
25.00 % |
straight line |
|
Computer equipment |
- |
33.33 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
|
|
|
|
2025 |
2024 |
|
|
|
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
714 |
605 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
6.
Tax on profit
Major components of tax expense
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Current tax: |
|
|
|
|
UK current tax expense |
|
5,173 |
3,831 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Deferred tax: |
|
|
|
|
Origination and reversal of timing differences |
|
(
136) |
164 |
|
|
|
_______ |
_______ |
|
Tax on profit |
|
5,037 |
3,995 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Tangible assets
|
|
Fixtures, fittings and equipment |
Computer equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2024 and 31 March 2025 |
4,357 |
5,741 |
10,098 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2024 |
4,357 |
4,319 |
8,676 |
|
|
|
|
|
Charge for the year |
- |
714 |
714 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2025 |
4,357 |
5,033 |
9,390 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2025 |
- |
708 |
708 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2024 |
- |
1,422 |
1,422 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Trade debtors |
|
2,261 |
- |
|
Director's loan account |
|
8,553 |
- |
|
Prepayments and accrued income |
|
228 |
158 |
|
|
|
_______ |
_______ |
|
|
|
11,042 |
158 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Corporation tax |
|
5,173 |
3,409 |
|
Director's loan account |
|
- |
3 |
|
Accruals and deferred income |
|
3,420 |
3,420 |
|
|
|
_______ |
_______ |
|
|
|
8,593 |
6,832 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Provisions
|
|
Deferred tax (note 11) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 April 2024 |
270 |
270 |
|
|
|
|
Charges against provisions |
(
136) |
(
136) |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31 March 2025 |
134 |
134 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
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|
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|
11.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Included in provisions (note 10) |
|
134 |
270 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
134 |
270 |
|
|
|
_______ |
_______ |
|
|
|
|
|
12.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Adam Simmons |
(
3) |
53,297 |
(
44,741) |
8,553 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Adam Simmons |
(
421) |
75,901 |
(
75,483) |
(
3) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
13.
Related party transactions
Mr A Simmons is considered to be a related party by virtue of his directorship of and shareholding in the company.During the year Mr A Simmons withdrew net funds of £8,550 (2024: £418).As at 31 March 2025 Mr A Simmons owed the company £8,553 (2024: the company owed Mr Simmons £3).The loan is unsecured, interest free and repayable on demand.