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Company Registration No. 08778970 (England and Wales)
ADAM & JAMES LTD Unaudited accounts for the year ended 30 November 2024
ADAM & JAMES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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ADAM & JAMES LTD Company Information for the year ended 30 November 2024
Director
ADAM SAEED
Company Number
08778970 (England and Wales)
Registered Office
SUITE 109 Cumberland House 80 Scrubs Lane London NW10 6RF United Kingdom
Accountants
VFA (FA) LTD 1st Floor, Suite 1 142 Seven Sisters Road London N7 7NS
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ADAM & JAMES LTD Accountants' report
Accountants' report to the director of ADAM & JAMES LTD (the company)
These financial statements have been prepared in accordance with our 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 30 November 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet 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 the year ended 30 November 2024. 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.
VFA (FA) LTD 1st Floor, Suite 1 142 Seven Sisters Road London N7 7NS 14 September 2025
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ADAM & JAMES LTD Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
141,853
97,276
Current assets
Debtors
4,605
8,972
Cash at bank and in hand
14,601
3,452
19,206
12,424
Creditors: amounts falling due within one year
(69,111)
(39,052)
Net current liabilities
(49,905)
(26,628)
Total assets less current liabilities
91,948
70,648
Creditors: amounts falling due after more than one year
(111,266)
(51,970)
Net (liabilities)/assets
(19,318)
18,678
Capital and reserves
Called up share capital
(100)
(100)
Profit and loss account
(19,218)
18,778
Shareholders' funds
(19,318)
18,678
For the year ending 30 November 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2025 and were signed on its behalf by
ADAM SAEED Director Company Registration No. 08778970
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ADAM & JAMES LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
ADAM & JAMES LTD is a private company, limited by shares, registered in England and Wales, registration number 08778970. The registered office is SUITE 109 Cumberland House, 80 Scrubs Lane, London, NW10 6RF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Depreciation charge 20% on straight line method
Computer equipment
Depreciation charge 15% on straight line method
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 December 2023
97,276
Additions
79,962
At 30 November 2024
177,238
Depreciation
Charge for the year
35,385
At 30 November 2024
35,385
Net book value
At 30 November 2024
141,853
At 30 November 2023
97,276
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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