Registration number: 06760218

RC and AL Adams Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 9

RC and AL Adams Limited

Company Information

Directors	Mr R C Adams Mrs A L Adams

Registered office

51 St. John Street Ashbourne Derbyshire DE6 1GP

Accountants

Coates and Partners Limited Chartered Accountants The Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

RC and AL Adams Limited

(Registration number: 06760218)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	114,082	130,815
Other financial assets		285	285
		114,367	131,100
Current assets
Stocks		196,918	192,813
Debtors	5	71,223	63,663
Cash at bank and in hand		595,805	591,401
		863,946	847,877
Creditors: Amounts falling due within one year	6	(67,651)	(58,884)
Net current assets		796,295	788,993
Total assets less current liabilities		910,662	920,093
Creditors: Amounts falling due after more than one year	6	(215,884)	(325,841)
Provisions for liabilities		(23,000)	(26,402)
Net assets		671,778	567,850
Capital and reserves
Called up share capital		100	100
Retained earnings		671,678	567,750
Shareholders' funds		671,778	567,850

RC and AL Adams Limited

(Registration number: 06760218)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 3 December 2025 and signed on its behalf by:
 

......................................... Mr R C Adams Director

......................................... Mrs A L Adams Director

RC and AL Adams Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital incorporated in United Kingdom registration number: 06760218.

The address of its registered office is:
51 St. John Street
Ashbourne
Derbyshire
DE6 1GP
United Kingdom

These financial statements were authorised for issue by the Board on 3 December 2025.

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.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and livestock sold, services rendered and other farming receipts 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.

RC and AL Adams Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred 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 income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

The company has elected to treat the dairy herd under herd basis and the sheep flock under flock basis for taxation purposes.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold buildings	2% straight line basis
Plant and machinery	15% reducing balance basis
Office equipment	33% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. 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.

RC and AL Adams Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Non biological assets are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Biological assets, living plants and animals are included at the lower of cost and estimated price less costs to sell. Cost is determined on a first in first out basis, net realisable value is based on estimated selling price, less any costs which may arise on realisation. Purchased livestock is valued at cost of purchase plus costs of rearing to the valuation date or to maturity, if earlier. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value. An election has been made to tax herds and flocks on the herd basis.

An election has been made to tax herds and flocks on the herd basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 4).

RC and AL Adams Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	25,793	2,016	329,522	357,331
Disposals	-	(995)	-	(995)
At 31 March 2025	25,793	1,021	329,522	356,336
Depreciation
At 1 April 2024	3,095	2,015	221,406	226,516
Charge for the year	516	-	16,217	16,733
Eliminated on disposal	-	(995)	-	(995)
At 31 March 2025	3,611	1,020	237,623	242,254
Carrying amount
At 31 March 2025	22,182	1	91,899	114,082
At 31 March 2024	22,698	1	108,116	130,815

5

Debtors

Current	2025 £	2024 £
Trade debtors	17,543	15,137
Prepayments	11,062	9,720
Other debtors	42,618	38,806
	71,223	63,663

RC and AL Adams Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	22,475	9,230
Taxation and social security	41,100	43,903
Accruals and deferred income	4,076	5,751
	67,651	58,884