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Registration number: 00830125

Douglas C. Adams & Company Limited
Filleted Financial Statements
for the Year Ended 31 December 2024

Douglas C. Adams & Company Limited

(Registration number: 00830125)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 254,724 | 154,733
Investments | 5 | 186,267 | 186,267
|  | 440,991 | 341,000
Current assets |  |  |
Debtors | 6 | 1,112,947 | 1,381,395
Cash at bank and in hand |  | 9,120 | 82,946
|  | 1,122,067 | 1,464,341
Creditors: Amounts falling due within one year | 7 | (152,243) | (264,046)
Net current assets |  | 969,824 | 1,200,295
Net assets |  | 1,410,815 | 1,541,295
Capital and reserves |  |  |
Called up share capital | 8 | 442 | 442
Share premium reserve |  | 94,496 | 94,496
Capital redemption reserve |  | 301 | 301
Retained earnings |  | 1,315,576 | 1,446,056
Shareholders' funds |  | 1,410,815 | 1,541,295

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 August 2025 and signed on its behalf by:

Mr S J Owen Director |  |

Douglas C. Adams & Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Hydrastore Ltd
Sandtoft Industrial Estate
Belton
DN9 1PN

Registration number: 00830125

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102
Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small
companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is exempt from the obligation to prepare and deliver group accounts as it is included in the accounts of a larger group.

Going concern
The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 21 August 2025 was Robert Smith BSc FCA, who signed for and on behalf of RNS Chartered Accountants.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
-the amount of revenue can be reliably measured;
-it is probable that future economic benefits will flow to the entity;
-and specific criteria have been met for each of the company's activities.

Douglas C. Adams & Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% per annum on cost
Fixtures, fittings and equipment | 15% per annum on written down value or 50% per annum on cost

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Douglas C. Adams & Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 11 (2023 - 12).

Douglas C. Adams & Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Fixtures, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 48,258 | 301,404 | 349,662
Additions | 8,494 | 191,414 | 199,908
Disposals | (2,620) | (72,464) | (75,084)
At 31 December 2024 | 54,132 | 420,354 | 474,486
Depreciation
At 1 January 2024 | 36,842 | 158,087 | 194,929
Charge for the year | 8,973 | 90,762 | 99,735
Eliminated on disposal | (2,438) | (72,464) | (74,902)
At 31 December 2024 | 43,377 | 176,385 | 219,762
Carrying amount
At 31 December 2024 | 10,755 | 243,969 | 254,724
At 31 December 2023 | 11,416 | 143,317 | 154,733

5 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 143,306 | 143,306
Investments in associates | 42,961 | 42,961
| 186,267 | 186,267

Subsidiaries | £
Cost or valuation
At 1 January 2024 | 143,306
At 31 December 2024 | 143,306
Carrying amount
At 31 December 2024 | 143,306
At 31 December 2023 | 143,306

Douglas C. Adams & Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Associates | £
Cost
At 1 January 2024 | 42,961
At 31 December 2024 | 42,961
Carrying amount
At 31 December 2024 | 42,961
At 31 December 2023 | 42,961

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 55,428 | 57,992
Amounts owed by related parties | 1,026,343 | 1,298,366
Prepayments | 31,176 | 25,037
| 1,112,947 | 1,381,395

7 | Creditors

| 2024 £ | 2023 £
Due within one year |  |
Trade payables | 14,650 | 10,689
Social security and other taxes | 83,259 | 183,649
Other payables | 54,334 | 69,708
| 152,243 | 264,046

Douglas C. Adams & Company Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 442 | 442 | 442 | 442

9 | Parent and ultimate parent undertaking

The company's immediate parent is OWLE Limited, incorporated in the UK.

The parent of the largest group in which these financial statements are consolidated is OWLE Limited, incorporated in the UK.

The address of OWLE Limited is:
C/O Hydrastore Ltd
Sandtoft Industrial Estate
Belton
DN9 1PN