ACCOUNTS - Final Accounts preparation

Registered number: 14011315

ADAM STREATFIELD LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

ADAM STREATFIELD LIMITED

REGISTERED NUMBER: 14011315

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		22,058		8,110
			22,058		8,110
Current assets
Stocks		2,000		2,000
Debtors: amounts falling due within one year	5	648		745
Cash at bank and in hand	6	17,572		972
		20,220		3,717
Creditors: amounts falling due within one year	7	(13,104)		(16,543)
Net current assets/(liabilities)			7,116		(12,826)
Total assets less current liabilities			29,174		(4,716)

Net assets/(liabilities)			29,174		(4,716)

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		29,074	(4,816)
		29,174	(4,716)

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ADAM STREATFIELD LIMITED

REGISTERED NUMBER: 14011315

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Adam Streatfield

Director

Date: 22 December 2025

The notes on pages 3 to 6 form part of these financial statements.

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ADAM STREATFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Adam Streatfield Limited, 14011315, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Fairholme, Corvedale Road, Craven Arms, Shropshire, United Kingdom, SY7 9NQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirements through the support of the company directors. The directors have considered the future trading of the company and believes that with continued financial support it is appropriate to prepare the financial statements on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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ADAM STREATFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed 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 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	-	25%
Office equipment	-	25%
Land & property	-	Not depreciated

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 profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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ADAM STREATFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Tangible fixed assets

	Plant and machinery	Office equipment	Land & property	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	14,000	320	-	14,320
Additions	-	-	15,975	15,975
At 31 March 2025	14,000	320	15,975	30,295
Depreciation
At 1 April 2024	6,130	80	-	6,210
Charge for the year on owned assets	1,967	60	-	2,027
At 31 March 2025	8,097	140	-	8,237
Net book value
At 31 March 2025	5,903	180	15,975	22,058
At 31 March 2024	7,870	240	-	8,110

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ADAM STREATFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Prepayments and accrued income	648	745
	648	745

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	17,572	972
	17,572	972

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	324
Other taxation and social security	11,344	1,293
Other creditors	31	13,431
Accruals and deferred income	1,729	1,495
	13,104	16,543

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

95 (2024 - 95) Ordinary A shares of £1.00 each	95	95
5 (2024 - 5) Ordinary B shares of £1.00 each	5	5

	100	100

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