Adams Design Associates Ltd 11356010 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is engineering related scientific and technical consulting Digita Accounts Production Advanced 6.30.9574.0 true 11356010 2024-06-01 2025-05-31 11356010 2025-05-31 11356010 core:RetainedEarningsAccumulatedLosses 2025-05-31 11356010 core:ShareCapital 2025-05-31 11356010 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-05-31 11356010 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-05-31 11356010 core:CurrentFinancialInstruments 2025-05-31 11356010 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 11356010 core:Non-currentFinancialInstruments 2025-05-31 11356010 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 11356010 core:FurnitureFittingsToolsEquipment 2025-05-31 11356010 core:MotorVehicles 2025-05-31 11356010 bus:SmallEntities 2024-06-01 2025-05-31 11356010 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 11356010 bus:FilletedAccounts 2024-06-01 2025-05-31 11356010 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11356010 bus:RegisteredOffice 2024-06-01 2025-05-31 11356010 bus:Director1 2024-06-01 2025-05-31 11356010 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11356010 bus:Agent1 2024-06-01 2025-05-31 11356010 core:FurnitureFittings 2024-06-01 2025-05-31 11356010 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 11356010 core:MotorCars 2024-06-01 2025-05-31 11356010 core:MotorVehicles 2024-06-01 2025-05-31 11356010 core:OfficeEquipment 2024-06-01 2025-05-31 11356010 countries:AllCountries 2024-06-01 2025-05-31 11356010 2024-05-31 11356010 core:FurnitureFittingsToolsEquipment 2024-05-31 11356010 core:MotorVehicles 2024-05-31 11356010 2023-06-01 2024-05-31 11356010 2024-05-31 11356010 core:RetainedEarningsAccumulatedLosses 2024-05-31 11356010 core:ShareCapital 2024-05-31 11356010 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-05-31 11356010 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-05-31 11356010 core:CurrentFinancialInstruments 2024-05-31 11356010 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11356010 core:Non-currentFinancialInstruments 2024-05-31 11356010 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 11356010 core:FurnitureFittingsToolsEquipment 2024-05-31 11356010 core:MotorVehicles 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 11356010

Adams Design Associates Ltd
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Adams Design Associates Ltd

Contents

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

Adams Design Associates Ltd

Company Information

Director | P W J Bedford

Registered office | 8 High Street Heathfield East Sussex TN21 8LS

Accountants | Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Adams Design Associates Ltd

(Registration number: 11356010)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 43,981 | 59,462
Current assets |  |  |
Stocks | 5 | 51,950 | 61,152
Debtors | 6 | 132,103 | 145,971
Cash at bank and in hand |  | - | 17,889
|  | 184,053 | 225,012
Creditors: Amounts falling due within one year | 7 | (437,062) | (381,392)
Net current liabilities |  | (253,009) | (156,380)
Total assets less current liabilities |  | (209,028) | (96,918)
Creditors: Amounts falling due after more than one year | 7 | (3,334) | (65,128)
Provisions for liabilities |  | 2,333 | 2,333
Net liabilities |  | (210,029) | (159,713)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (210,129) | (159,813)
Shareholders' deficit |  | (210,029) | (159,713)

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

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 February 2026

Adams Design Associates Ltd

(Registration number: 11356010)
Balance Sheet as at 31 May 2025

......................................... P W J Bedford Director

Adams Design Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

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 of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

Tax

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.

Adams Design Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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.

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
Office Equipment | 3 years straight line
Motor Vehicles | 25% reducing balance
| 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Adams Design Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Adams Design Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 9).

Adams Design Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 37,710 | 124,566 | 162,276
Additions | 382 | - | 382
At 31 May 2025 | 38,092 | 124,566 | 162,658
Depreciation
At 1 June 2024 | 33,814 | 69,000 | 102,814
Charge for the year | 1,971 | 13,892 | 15,863
At 31 May 2025 | 35,785 | 82,892 | 118,677
Carrying amount
At 31 May 2025 | 2,307 | 41,674 | 43,981
At 31 May 2024 | 3,896 | 55,566 | 59,462

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 51,950 | 61,152

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 129,118 | 89,463
Taxation and social security | - | 43,523
Prepayments | 2,985 | 12,985
| 132,103 | 145,971

7 | Creditors

Creditors: amounts falling due within one year

Adams Design Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 8 | 102,448 | 58,116
Trade creditors |  | 63,894 | 99,660
Taxation and social security |  | 61,272 | 32,827
Accruals and deferred income |  | 2,000 | 2,000
Other creditors |  | 15,871 | 1,220
Director loan account |  | 191,577 | 187,569
|  | 437,062 | 381,392

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 3,334 | 65,128

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 3,334 | 11,337
Hire purchase contracts | - | 53,791
| 3,334 | 65,128

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 7,999 | 7,998
Bank overdrafts | 5,477 | -
Hire purchase contracts | 53,791 | 14,287
Other borrowings | 35,181 | 35,831
| 102,448 | 58,116