1 February 2024 v2025.45.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP078673542024-02-012025-01-31078673542025-01-31078673542024-01-3107867354core:WithinOneYear2025-01-3107867354core:WithinOneYear2024-01-3107867354core:ShareCapital2025-01-3107867354core:ShareCapital2024-01-3107867354core:RetainedEarningsAccumulatedLosses2025-01-3107867354core:RetainedEarningsAccumulatedLosses2024-01-3107867354bus:Director12024-02-012025-01-3107867354bus:RegisteredOffice2024-02-012025-01-3107867354core:NetGoodwill2024-02-012025-01-3107867354core:PlantMachinery2024-02-012025-01-3107867354core:OfficeEquipment2024-02-012025-01-3107867354core:FurnitureFittings2024-02-012025-01-3107867354core:MotorVehicles2024-02-012025-01-31078673542023-02-012024-01-3107867354core:NetGoodwill2024-02-0107867354core:NetGoodwill2025-01-3107867354core:NetGoodwill2024-01-3107867354core:PlantMachinery2024-02-0107867354core:PlantMachinery2025-01-3107867354core:PlantMachinery2024-01-310786735412024-02-012025-01-3107867354countries:EnglandWales2024-02-012025-01-3107867354bus:AuditExemptWithAccountantsReport2024-02-012025-01-3107867354bus:PrivateLimitedCompanyLtd2024-02-012025-01-3107867354bus:SmallEntities2024-02-012025-01-3107867354bus:FullAccounts2024-02-012025-01-31
Company registration number:
07867354
Adshead Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2025
Adshead Limited
Report of the Accountant to the director of Adshead Limited
Year ended
31 January 2025
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 January 2025
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Eldridge & Associates Ltd
Drewitts Ash
Hannington
Tadley
Hampshire
RG26 5UA
United Kingdom
Date:
5 July 2025
Adshead Limited
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Intangible assets 5
1
 
9,318
 
Tangible assets 6
25,448
 
31,679
 
25,449
 
40,997
 
Current assets    
Debtors 7
3,867
 
10,543
 
Cash at bank and in hand
24,775
 
(9,072
)
28,642
 
1,471
 
Creditors: amounts falling due within one year 8
(15,871
)
(35,265
)
Net current assets/(liabilities)
12,771
 
(33,794
)
Total assets less current liabilities 38,220   7,203  
Provisions for liabilities
(4,835
)
(6,019
)
Net assets
33,385
 
1,184
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
33,384
 
1,183
 
Shareholders funds
33,385
 
1,184
 
For the year ending
31 January 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
5 July 2025
, and are signed on behalf of the board by:
Mr P Adshead
Director
Company registration number:
07867354
Adshead Limited
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3 Copland Close
,
Brighton Hill
,
Basingstoke
,
Hampshire
,
RG22 4JX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

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.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line
Office equipment
20% straight line
Fixtures and fittings
20% straight line
Motor vehicles
20% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2024:
5
).

5 Intangible assets

Goodwill
£
Cost  
At
1 February 2024
62,905
 
Disposals
(62,904
)
At
31 January 2025
1
 
Amortisation  
At
1 February 2024
53,587
 
Charge
4,193
 
Disposals
(57,780
)
At
31 January 2025
-  
Carrying amount  
At
31 January 2025
1
 
At 31 January 2024
9,318
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2024
81,064
 
Additions
2,763
 
Disposals
(9,350
)
At
31 January 2025
74,477
 
Depreciation  
At
1 February 2024
49,385
 
Charge
8,993
 
Disposals
(9,349
)
At
31 January 2025
49,029
 
Carrying amount  
At
31 January 2025
25,448
 
At 31 January 2024
31,679
 

7 Debtors

20252024
££
Trade debtors
3,867
 
4,784
 
Other debtors -  
5,759
 
3,867
 
10,543
 

8 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
2,667
 
5,152
 
Taxation and social security
11,932
 
14,540
 
Other creditors
1,272
 
15,573
 
15,871
 
35,265