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Company Registration No. 10205184 (England and Wales)
Adam's Discount Electronics Limited Unaudited accounts for the year ended 31 May 2025
Adam's Discount Electronics Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Adam's Discount Electronics Limited Company Information for the year ended 31 May 2025
Director
WILLIAMSON, Adam Keith
Company Number
10205184 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON WC2H 9JQ UNITED KINGDOM
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Adam's Discount Electronics Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Current assets
Inventories
77,331
59,234
Debtors
5
14,440
-
Cash at bank and in hand
1,101
29,629
92,872
88,863
Creditors: amounts falling due within one year
6
(35,414)
(37,730)
Net current assets
57,458
51,133
Total assets less current liabilities
57,458
51,133
Creditors: amounts falling due after more than one year
7
(22,743)
(28,505)
Net assets
34,715
22,628
Capital and reserves
Called up share capital
100
100
Profit and loss account
34,615
22,528
Shareholders' funds
34,715
22,628
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 January 2026 and were signed on its behalf by
WILLIAMSON, Adam Keith Director Company Registration No. 10205184
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Adam's Discount Electronics Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Adam's Discount Electronics Limited is a private company, limited by shares, registered in England and Wales, registration number 10205184. The registered office is 71-75 SHELTON STREET, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
straight line basis over 5 years
Fixtures & fittings
straight line basis over 5 years
Computer equipment
straight line basis over 3 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
135
415
1,709
2,259
At 31 May 2025
135
415
1,709
2,259
Depreciation
At 1 June 2024
135
415
1,709
2,259
At 31 May 2025
135
415
1,709
2,259
Net book value
At 31 May 2025
-
-
-
-
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
14,440
-
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Adam's Discount Electronics Limited Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,333
8,333
Taxes and social security
5,081
7,723
Other creditors
-
21,674
Loans from directors
22,000
-
35,414
37,730
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
22,743
28,505
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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