Registration number: 04445869

Adams Marquees Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Adams Marquees Limited

(Registration number: 04445869)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	-	62,488
Current assets
Debtors	5	3,345	2,635
Cash at bank and in hand		3	4,707
		3,348	7,342
Creditors: Amounts falling due within one year	6	(44,384)	(60,917)
Net current liabilities		(41,036)	(53,575)
Total assets less current liabilities		(41,036)	8,913
Creditors: Amounts falling due after more than one year	6	(18,968)	(22,586)
Provisions for liabilities		-	(7,108)
Net liabilities		(60,004)	(20,781)
Capital and reserves
Called up share capital		101	101
Retained earnings		(60,105)	(20,882)
Shareholders' deficit		(60,004)	(20,781)

For the financial year ending 31 March 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 6 May 2026
 

......................................... J E Morris-Adams Director

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the hire of marquees and associated equipment in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss.

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.

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 statement of financial position at cost, less any subsequent accumulated depreciation.

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	25% per annum on reducing balance
Marquees and other equipment	25% per annum on reducing balance
Motor vehicles	25% per annum on reducing balance
Office equipment (including computers)	25% per annum on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation.

Amortisation

Asset class	Amortisation method and rate
Goodwill	20% per annum on cost

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, and are recognised at the transaction price, less any impairment losses for bad and doubtful debts.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2025 - 7).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	121,712	12,000	133,712
Additions	11,043	-	11,043
Disposals	(132,755)	(12,000)	(144,755)
At 31 March 2026	-	-	-
Depreciation
At 1 April 2025	64,286	6,938	71,224
Eliminated on disposal	(64,286)	(6,938)	(71,224)
At 31 March 2026	-	-	-
Net book value
At 31 March 2026	-	-	-
At 31 March 2025	57,426	5,062	62,488

5

Debtors

	2026 £	2025 £
Trade debtors	-	968
Other debtors	3,345	-
Prepayments	-	1,667
	3,345	2,635

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Creditors

Amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	15,231	14,163
Trade creditors		-	508
Taxation and social security		173	11,457
Accruals and deferred income		3,387	15,262
Other creditors		-	1,122
Loan from director		25,593	18,405
		44,384	60,917

Amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	7	18,968	22,586

7	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	18,968	22,586

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	5,237	5,536
Bank overdrafts	9,994	5,334
Hire purchase contracts	-	3,293
	15,231	14,163