REGISTERED NUMBER: 05270794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

J W ADAMS AND SONS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

B J Adams

SECRETARY:

J E Pollard

REGISTERED OFFICE:

Drake House

80 Guildford Street

Chertsey

Surrey

KT16 9AD

REGISTERED NUMBER:

05270794 (England and Wales)

ACCOUNTANTS:

Drake & Co

Chartered Accountants

Drake House

80 Guildford Street

Chertsey

Surrey

KT16 9AD

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 J W Adams and Sons Limited for the year ended 30 April 2025 which comprise the Income Statement, Statement of Financial Position 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J W Adams and Sons Limited in accordance with the terms of our engagement letter dated 24 October 2018. Our work has been undertaken solely to prepare for your approval the financial statements of J W Adams and Sons Limited and state those matters that we have agreed to state to the director of J W Adams and Sons Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J W Adams and Sons Limited and its director for our work or for this report.

It is your duty to ensure that J W Adams and Sons 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 loss of J W Adams and Sons Limited. You consider that J W Adams and Sons 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 J W Adams and Sons 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.

Drake & Co

Chartered Accountants

Drake House

80 Guildford Street

Chertsey

Surrey

KT16 9AD

7 November 2025

FIXED ASSETS

Tangible assets

4

296

230,350

CURRENT ASSETS

Stocks

87

-

Debtors

5

1,489

913

Cash at bank

72,872

19

74,448

932

CREDITORS

Amounts falling due within one year

6

20,439

152,068

NET CURRENT ASSETS/(LIABILITIES)

54,009

(151,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,305

79,214

CREDITORS

Amounts falling due after more than one year

7

11,750

12,500

NET ASSETS

42,555

66,714

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

8

1

1

Fair value reserve

8

-

8,075

Retained earnings

8

42,552

58,636

SHAREHOLDERS' FUNDS

42,555

66,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 November 2025 and were signed by:

B J Adams - Director

1.	STATUTORY INFORMATION

J W Adams and Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover and revenue recognition

Turnover represents sales and services provided, net of value added tax.

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under those contracts.It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including recoverable expenses and disbursements, but excluding Value Added Tax.

For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms.

Unbilled revenue is included in debtors, under "other debtors", prebilled revenue is included in creditors under "other creditors".

Tangible fixed assets

Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery - 20% and 25 %

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Tangible assets under the revaluation model are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Any aggregate surplus arising from changes in fair valuation are recognised in a fair valuation reserve to the extent that they exceed a previous deficit arising, deficits exceeding prior surpluses are recognised in profit and loss.

The unrealised cumulative gains on property revaluations are transferred to the fair value reserve net of the associated deferred taxation provided thereon, to distinguish them as unrealised equity reserves.

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Long term work in progress

For long term contract work in progress, turnover reflects costs incurred to date on the contract plus the director's best estimate of profits attributable to the work performed to date. For this purpose the director's estimates of attributable profits will included a proportion of total profits anticipated to be made on the contract, to the extent that their realisation is reasonably foreseeable, and after making provision for all future costs including possible warranty claims.

Long-term contracts are assessed on a contract-by-contact basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Long term contract balances included in stocks comprise costs incurred on long term contracts, net of amounts transferred to cost of sales, after deducting foreseeable losses and related payments on account. Costs included all direct material and labour costs incurred in bringing a contract to its state of completion at the balance sheet date, including an appropriate proportion of indirect expenses, Where payment on account exceed turnover to date, the excess is classified as a deduction from any balance on that contract in stocks, with any residual balance in excess of cost being classified within creditors an 'long-term contracts payments on account'.

Financial instruments

The company mainly enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to or from related parties.

Debt instruments (other than those wholly repayable or receivable on demand or within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Statement of Financial position date and carried forward to future periods. This is measured at at the undiscounted salary cost of the future holiday entitlement do accrued at the Statement of Financial Position date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

225,000

88,065

313,065

Disposals

(225,000

)

(41,174

)

(266,174

)

At 30 April 2025

-

46,891

46,891

DEPRECIATION

At 1 May 2024

-

82,715

82,715

Charge for year

-

99

99

Eliminated on disposal

-

(36,219

)

(36,219

)

At 30 April 2025

-

46,595

46,595

NET BOOK VALUE

At 30 April 2025

-

296

296

At 30 April 2024

225,000

5,350

230,350

Cost or valuation at 30 April 2025 is represented by:

Plant and

machinery

etc

£

Cost

46,891

Freehold land and buildings were valued on an open market basis on by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,489

913

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,375

13,646

Trade creditors

728

818

Taxation and social security

1,380

3,972

Other creditors

12,956

133,632

20,439

152,068

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

11,750

12,500

8.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 May 2024

58,636

1

8,075

66,712

Deficit for the year

(18,551

)

(18,551

)

Dividends

(5,608

)

(5,608

)

Revaluation movements

8,075

-

(8,075

)

-

At 30 April 2025

42,552

1

-

42,553

9.	CONTINGENT LIABILITIES

No contingent liabilities exist.

10.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

-

-

11.	ULTIMATE CONTROLLING PARTY

The shareholders are jointly the controlling party.