H & J ADAMS (ADDINGHAM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Adams

Mrs A Adams

SECRETARY:

Mrs A Adams

REGISTERED OFFICE:

141 Main Street

Addingham

Ilkley

West Yorkshire

LS29 0LZ

REGISTERED NUMBER:

04797434 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Suite 1.07

International Dev. Centre

Valley Road

Ilkley

West Yorkshire

LS29 8AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,326

1,746

1,326

1,746

CURRENT ASSETS

Stocks

14,014

15,940

Debtors

6

3,381

2,831

Cash at bank and in hand

4,992

9,177

22,387

27,948

CREDITORS

Amounts falling due within one year

7

8,494

9,739

NET CURRENT ASSETS

13,893

18,209

TOTAL ASSETS LESS CURRENT LIABILITIES

15,219

19,955

PROVISIONS FOR LIABILITIES

8

252

332

NET ASSETS

14,967

19,623

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

14,867

19,523

SHAREHOLDERS' FUNDS

14,967

19,623

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2025 and were signed on its behalf by:

J H Adams - Director

1.	STATUTORY INFORMATION

H & J Adams (Addingham) 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2024

and 31st January 2025

40,000

AMORTISATION

At 1st February 2024

and 31st January 2025

40,000

NET BOOK VALUE

At 31st January 2025

-

At 31st January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st February 2024

and 31st January 2025

907

2,995

3,902

DEPRECIATION

At 1st February 2024

741

1,415

2,156

Charge for year

25

395

420

At 31st January 2025

766

1,810

2,576

NET BOOK VALUE

At 31st January 2025

141

1,185

1,326

At 31st January 2024

166

1,580

1,746

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,550

1,898

Prepayments

831

933

3,381

2,831

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,406

4,481

Corporation tax

1,802

2,354

Social security and other taxes

228

225

VAT

1,481

1,296

Directors' current accounts

392

244

Accrued expenses

1,185

1,139

8,494

9,739

The directors loan account is interest free and repayable on demand.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

252

332

Deferred

tax

£

Balance at 1st February 2024

332

Credit to Statement of Income and Retained Earnings during year

(80

)

Balance at 31st January 2025

252

The movement in the deferred tax provision is wholly attributable to accelerated capital allowances.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J H Adams.