Company Registration No: 06011798 (England and Wales)

Adamson Contractors Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 11

Adamson Contractors Limited

(Registration number: 06011798)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,559,799	3,675,097
Other financial assets	5	2,164	2,164
		4,561,963	3,677,261
Current assets
Stocks	6	120,920	54,597
Debtors	7	129,730	115,368
Cash at bank and in hand		1,873	4,608
		252,523	174,573
Creditors: Amounts falling due within one year	8	(1,591,784)	(1,116,369)
Net current liabilities		(1,339,261)	(941,796)
Total assets less current liabilities		3,222,702	2,735,465
Creditors: Amounts falling due after more than one year	8	(1,933,640)	(1,475,479)
Provisions for liabilities		(141,380)	(239,823)
Net assets		1,147,682	1,020,163
Capital and reserves
Called up share capital	9	1,000	1,000
Share premium reserve		9,009	9,009
Retained earnings		1,137,673	1,010,154
Shareholders' funds		1,147,682	1,020,163

Adamson Contractors Limited

(Registration number: 06011798)
Balance Sheet as at 31 December 2025

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

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

......................................... Mr D G Adamson Director

......................................... Mr M Adamson Director

......................................... Mr S Adamson Director

Adamson Contractors Limited

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

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:
Atley Fields
South Cowton
Northallerton
North Yorkshire
DL7 0JB

These financial statements were authorised for issue by the Board on 24 September 2026.

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.

Going concern

The financial statements have been produced on a going concern basis.

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.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss account.

Adamson Contractors Limited

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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
Leased assets	10% reducing balance
Plant and machinery	10% reducing balance
Motor vehicles	15% reducing balance
Furniture and fittings	10% straight line
Office equipment	10% straight line
Buildings	2% straight line
Yard improvements	7 year straight line

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

Adamson Contractors Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 reducing balance 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.

Adamson Contractors Limited

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

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.

Financial instruments

Classification
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 Recognition and measurement
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
 

Adamson Contractors Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 12).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	101,087	2,796	74,645	5,089,076	5,267,604
Additions	-	-	10,500	2,005,155	2,015,655
Disposals	-	-	-	(1,161,850)	(1,161,850)
At 31 December 2025	101,087	2,796	85,145	5,932,381	6,121,409
Depreciation
At 1 January 2025	29,061	1,298	25,326	1,536,822	1,592,507
Charge for the year	1,904	280	7,791	412,675	422,650
Eliminated on disposal	-	-	-	(453,547)	(453,547)
At 31 December 2025	30,965	1,578	33,117	1,495,950	1,561,610
Carrying amount
At 31 December 2025	70,122	1,218	52,028	4,436,431	4,559,799
At 31 December 2024	72,026	1,498	49,319	3,552,254	3,675,097

Included within the net book value of land and buildings above is £70,122 (2024 - £72,026) in respect of freehold land and buildings.
 

Adamson Contractors Limited

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

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2025	2,164	2,164
At 31 December 2025	2,164	2,164
Impairment
Carrying amount
At 31 December 2025	2,164	2,164

6

Stocks

	2025 £	2024 £
Other inventories	120,920	54,597

7

Debtors

Current	2025 £	2024 £
Trade debtors	113,272	99,978
Prepayments	13,857	11,527
Other debtors	2,601	3,863
	129,730	115,368

8

Creditors

Creditors: amounts falling due within one year

Adamson Contractors Limited

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

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	1,282,652	791,249
Trade creditors		129,011	114,197
Taxation and social security		86,221	121,196
Accruals and deferred income		10,036	8,800
Other creditors		83,864	80,927
		1,591,784	1,116,369

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,282,652 (2024 - £791,249).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	1,933,640	1,475,479

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,933,640 (2024 - £1,475,479).

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

Adamson Contractors Limited

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

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	4,175
Hire purchase contracts	1,749,307	1,471,304
Other borrowings	184,333	-
	1,933,640	1,475,479

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,178	10,023
Hire purchase contracts	1,006,629	772,942
Other borrowings	271,845	8,284
	1,282,652	791,249

Adamson Contractors Limited

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

11	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Repayments by director £	At 31 December 2025 £
During the year, the company made loans to Directors. No interest was charged on the loans.	3,864	(4,828)	(964)

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
During the year, the company made loans to Directors. No interest was charged on the loans.	1,329	2,604	(70)	3,864