Adams and Jarrett (Retail) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00844120 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ADAMS AND JARRETT (RETAIL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

N C Bridger

L E Bridger

A C Bridger

SECRETARY:

L E Bridger

REGISTERED OFFICE:

6-18 Norman Road

St Leonards on Sea

East Sussex

TN37 6NH

REGISTERED NUMBER:

00844120 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,026,238

1,055,875

Investments

6

150,000

1,176,238

1,205,875

CURRENT ASSETS

Stocks

1,177,610

1,258,000

Debtors

7

156,758

175,290

Cash in hand

1,204,828

1,025,821

2,539,196

2,459,111

CREDITORS

Amounts falling due within one year

8

304,125

332,870

NET CURRENT ASSETS

2,235,071

2,126,241

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,411,309

3,332,116

PROVISIONS FOR LIABILITIES

3,499

4,803

NET ASSETS

3,407,810

3,327,313

CAPITAL AND RESERVES

Called up share capital

19,300

Retained earnings

3,388,510

3,308,013

SHAREHOLDERS' FUNDS

3,407,810

3,327,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 7 October 2025 and were signed on its behalf by:

L E Bridger - Director

1.	STATUTORY INFORMATION

Adams and Jarrett (Retail) 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 as modified by the revaluation of certain assets.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

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

Goodwill

Amortisation 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:

Goodwill - Fully amortised

Tangible fixed assets

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

Freehold Property - 4% on a straight line basis

Fixtures & Fittings - 15% on a reducing balance basis

Motor Vehicles - 25% on a reducing balance basis

Computer Equipment - 20% on a reducing balance basis

Plant & Equipment - 15% on a reducing balance basis

Stocks

Stocks are valued by the directors at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50

AMORTISATION

At 1 April 2024

and 31 March 2025

50

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST OR VALUATION

At 1 April 2024

1,540,000

650

168,705

Additions

-

3,554

At 31 March 2025

1,540,000

650

172,259

DEPRECIATION

At 1 April 2024

533,786

563

149,473

Charge for year

22,515

13

3,418

At 31 March 2025

556,301

576

152,891

NET BOOK VALUE

At 31 March 2025

983,699

74

19,368

At 31 March 2024

1,006,214

87

19,232

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

132,029

47,847

1,889,231

Additions

-

241

3,795

At 31 March 2025

132,029

48,088

1,893,026

DEPRECIATION

At 1 April 2024

104,646

44,888

833,356

Charge for year

6,846

640

33,432

At 31 March 2025

111,492

45,528

866,788

NET BOOK VALUE

At 31 March 2025

20,537

2,560

1,026,238

At 31 March 2024

27,383

2,959

1,055,875

Included in cost or valuation of land and buildings is freehold land of £ 940,000 (2024 - £ 940,000 ) which is not depreciated.

Fixed assets are recognised at cost less accumulated depreciation and accumulated impairment.

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

Valuation in 2024

977,134

-

Cost

562,866

650

172,259

1,540,000

650

172,259

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2024

-

977,134

Cost

132,029

48,088

915,892

132,029

48,088

1,893,026

6.	FIXED ASSET INVESTMENTS

In addition to the £150,000 investment shown in the balance sheet the company holds one share in Combined Independents (Holdings) Limited, which represents a trade investment which was written-off in the balance sheet several years ago.

This trade investment is hence being carried in the balance sheet at a cost of £Nil, whilst its estimated valuation at 31 March 2025 was around the same as the year before (2024: £119,732) The value represented by this one share, would only ever be receivable by the company, upon it leaving the trade buying group to which it belongs.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

85,486

97,861

Other debtors

49,386

56,139

Staff loans

600

1,300

Prepayments and accrued income

21,286

19,990

156,758

175,290

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

107,992

155,556

Corporation tax

57,280

27,690

PAYE and NIC

8,710

8,099

VAT

73,257

81,886

Creditors and accruals

4,549

Directors' current accounts

52,337

55,088

Accrued expenses

-

2

304,125

332,870

9.	RELATED PARTY & ULTIMATE CONTROL DISCLOSURES

The company was under the control of the director, Mr N C Bridger throughout the current and previous year. Mr N C Bridger is the managing director and majority shareholder.

At the year end the directors were owed £52,337 from the company (2024: £55,088) with no terms attached.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adams and Jarrett (Retail) Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Adams and Jarrett (Retail) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adams and Jarrett (Retail) Limited and state those matters that we have agreed to state to the Board of Directors of Adams and Jarrett (Retail) Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adams and Jarrett (Retail) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Adams and Jarrett (Retail) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adams and Jarrett (Retail) Limited. You consider that Adams and Jarrett (Retail) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Adams and Jarrett (Retail) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

7 October 2025