Adrian Firth Ltd - Filleted accounts

Registered number

08716561

Adrian Firth Ltd

Filleted Accounts

31 March 2025

Adrian Firth Ltd
Registered number:		08716561
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		26,167			29,386
Tangible assets	4		98,648			9,392
			124,815			38,778

Current assets
Debtors	5	1,492			20,103
Cash at bank and in hand		37,675			180,385
		39,167			200,488

Creditors: amounts falling due within one year	6	(105,018)			(125,588)

Net current (liabilities)/assets			(65,851)			74,900

Net assets			58,964			113,678

Capital and reserves
Called up share capital			100			100
Profit and loss account			58,864			113,578

Shareholder's funds			58,964			113,678

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Firth
Director
Approved by the board on 16 December 2025

Adrian Firth Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment			15% reducing balance
	Computer equipment			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							32,192
	At 31 March 2025							32,192

	Amortisation
	At 1 April 2024							2,806
	Provided during the year							3,219
	At 31 March 2025							6,025

	Net book value
	At 31 March 2025							26,167
	At 31 March 2024							29,386

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Investment properties		Office equipment		Computer equipment		Total
£			£		£		£
	Cost
	At 1 April 2024	-		2,495		22,600		25,095
	Additions	90,414		-		1,199		91,613
	At 31 March 2025	90,414		2,495		23,799		116,708

	Depreciation
	At 1 April 2024	-		951		14,752		15,703
	Charge for the year	-		231		2,126		2,357
	At 31 March 2025	-		1,182		16,878		18,060

	Net book value
	At 31 March 2025	90,414		1,313		6,921		98,648
	At 31 March 2024	-		1,544		7,848		9,392


5	Debtors					2025		2024
£							£

	Trade debtors					-		19,979
	Other debtors					1,492		124
						1,492		20,103


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Taxation and social security costs					7,020		24,834
	Other creditors					97,998		100,754
						105,018		125,588


7	Other information

	Adrian Firth Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	9 Holly Close
	Horringer
	Bury St Edmunds
	IP29 5SZ