REGISTERED NUMBER: 12284260 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ADAMAS WIND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

D J Still

R J Payne

H Busschots

D Sherry

REGISTERED OFFICE:

1 Rushmills

Northampton

NN4 7YB

REGISTERED NUMBER:

12284260 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

40,220

14,245

CURRENT ASSETS

Debtors

5

343,795

250,504

Cash at bank

157,459

308,172

501,254

558,676

CREDITORS

Amounts falling due within one year

6

493,601

446,381

NET CURRENT ASSETS

7,653

112,295

TOTAL ASSETS LESS CURRENT LIABILITIES

47,873

126,540

CREDITORS

Amounts falling due after more than one year

7

295,000

305,000

NET LIABILITIES

(247,127

)

(178,460

)

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

(247,527

)

(178,860

)

(247,127

)

(178,460

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

D J Still - Director

1.	STATUTORY INFORMATION

Adamas Wind Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

Straight line over 3 years

Computer equipment

-

Straight line over 1 year

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

33,008

6,807

39,815

Additions

33,569

6,989

40,558

At 31 December 2024

66,577

13,796

80,373

DEPRECIATION

At 1 January 2024

19,588

5,982

25,570

Charge for year

10,213

4,370

14,583

At 31 December 2024

29,801

10,352

40,153

NET BOOK VALUE

At 31 December 2024

36,776

3,444

40,220

At 31 December 2023

13,420

825

14,245

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

201,271

158,573

Other debtors

142,524

91,931

343,795

250,504

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,497

13,911

Other loans

50,000

50,000

Trade creditors

212,116

126,013

Social security and other taxes

38,153

31,847

VAT

42,978

61,173

Pension

5,118

6,525

Net wages

2,753

-

Directors' current accounts

1,726

1,742

Deferred income

55,554

42,357

Accrued expenses

71,706

112,813

493,601

446,381

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

7,500

10,000

Bank loans - 2-5 years

-

7,500

Other loans - 2-5 years

87,500

87,500

Amounts owed to participating interests

200,000

200,000

295,000

305,000

Creditors include loans of £337,500 (£337,500 - 2023) which are unsecured and interest free.

8.	GOING CONCERN

The financial statements have been prepared on a going concern basis despite the balance sheet deficit as the directors our confident that future investment and profits will eliminate the balance sheet deficit. The directors confirm their continued support to the company, that it is able to pay its debts and the company retains sufficient working capital to continue trading for the foreseeable future.Shareholders will not call payment of their loans if it would leave the company unable to meets its debts as they fall due.