GEO. ADAMS & SONS (RETAIL) LIMITED

GEO. ADAMS & SONS (RETAIL) LIMITED - Company Information

2021-10-012022-09-302022-09-30false00410560GEO. ADAMS & SONS (RETAIL) LIMITED2022-11-1410890iso4217:GBPxbrli:pure004105602021-10-01004105602022-09-30004105602021-10-012022-09-30004105602020-10-01004105602021-09-30004105602020-10-012021-09-3000410560bus:SmallEntities2021-10-012022-09-3000410560bus:AuditExempt-NoAccountantsReport2021-10-012022-09-3000410560bus:FullAccounts2021-10-012022-09-3000410560bus:PrivateLimitedCompanyLtd2021-10-012022-09-3000410560core:WithinOneYear2022-09-3000410560core:AfterOneYear2022-09-3000410560core:WithinOneYear2021-09-3000410560core:AfterOneYear2021-09-3000410560core:ShareCapital2022-09-3000410560core:SharePremium2022-09-3000410560core:RevaluationReserve2022-09-3000410560core:OtherReservesSubtotal2022-09-3000410560core:RetainedEarningsAccumulatedLosses2022-09-3000410560core:ShareCapital2021-09-3000410560core:SharePremium2021-09-3000410560core:RevaluationReserve2021-09-3000410560core:OtherReservesSubtotal2021-09-3000410560core:RetainedEarningsAccumulatedLosses2021-09-3000410560core:LandBuildings2022-09-3000410560core:PlantMachinery2022-09-3000410560core:Vehicles2022-09-3000410560core:FurnitureFittings2022-09-3000410560core:OfficeEquipment2022-09-3000410560core:NetGoodwill2022-09-3000410560core:IntangibleAssetsOtherThanGoodwill2022-09-3000410560core:ListedExchangeTraded2022-09-3000410560core:UnlistedNon-exchangeTraded2022-09-3000410560core:LandBuildings2021-09-3000410560core:PlantMachinery2021-09-3000410560core:Vehicles2021-09-3000410560core:FurnitureFittings2021-09-3000410560core:OfficeEquipment2021-09-3000410560core:NetGoodwill2021-09-3000410560core:IntangibleAssetsOtherThanGoodwill2021-09-3000410560core:ListedExchangeTraded2021-09-3000410560core:UnlistedNon-exchangeTraded2021-09-3000410560core:LandBuildings2021-10-012022-09-3000410560core:PlantMachinery2021-10-012022-09-3000410560core:Vehicles2021-10-012022-09-3000410560core:FurnitureFittings2021-10-012022-09-3000410560core:OfficeEquipment2021-10-012022-09-3000410560core:NetGoodwill2021-10-012022-09-3000410560core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3000410560core:ListedExchangeTraded2021-10-012022-09-3000410560core:UnlistedNon-exchangeTraded2021-10-012022-09-3000410560core:MoreThanFiveYears2021-10-012022-09-3000410560core:Non-currentFinancialInstruments2022-09-3000410560core:Non-currentFinancialInstruments2021-09-3000410560dpl:CostSales2021-10-012022-09-3000410560dpl:DistributionCosts2021-10-012022-09-3000410560dpl:AdministrativeExpenses2021-10-012022-09-3000410560core:LandBuildings2021-10-012022-09-3000410560core:PlantMachinery2021-10-012022-09-3000410560core:Vehicles2021-10-012022-09-3000410560core:FurnitureFittings2021-10-012022-09-3000410560core:OfficeEquipment2021-10-012022-09-3000410560core:NetGoodwill2021-10-012022-09-3000410560core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3000410560dpl:GroupUndertakings2021-10-012022-09-3000410560dpl:ParticipatingInterests2021-10-012022-09-3000410560dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3000410560core:ListedExchangeTraded2021-10-012022-09-3000410560dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3000410560core:UnlistedNon-exchangeTraded2021-10-012022-09-3000410560dpl:CostSales2020-10-012021-09-3000410560dpl:DistributionCosts2020-10-012021-09-3000410560dpl:AdministrativeExpenses2020-10-012021-09-3000410560core:LandBuildings2020-10-012021-09-3000410560core:PlantMachinery2020-10-012021-09-3000410560core:Vehicles2020-10-012021-09-3000410560core:FurnitureFittings2020-10-012021-09-3000410560core:OfficeEquipment2020-10-012021-09-3000410560core:NetGoodwill2020-10-012021-09-3000410560core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3000410560dpl:GroupUndertakings2020-10-012021-09-3000410560dpl:ParticipatingInterests2020-10-012021-09-3000410560dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-012021-09-3000410560core:ListedExchangeTraded2020-10-012021-09-3000410560dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-012021-09-3000410560core:UnlistedNon-exchangeTraded2020-10-012021-09-3000410560core:NetGoodwill2022-09-3000410560core:IntangibleAssetsOtherThanGoodwill2022-09-3000410560core:LandBuildings2022-09-3000410560core:PlantMachinery2022-09-3000410560core:Vehicles2022-09-3000410560core:FurnitureFittings2022-09-3000410560core:OfficeEquipment2022-09-3000410560core:AfterOneYear2022-09-3000410560core:WithinOneYear2022-09-3000410560core:ListedExchangeTraded2022-09-3000410560core:UnlistedNon-exchangeTraded2022-09-3000410560core:ShareCapital2022-09-3000410560core:SharePremium2022-09-3000410560core:RevaluationReserve2022-09-3000410560core:OtherReservesSubtotal2022-09-3000410560core:RetainedEarningsAccumulatedLosses2022-09-3000410560core:NetGoodwill2021-09-3000410560core:IntangibleAssetsOtherThanGoodwill2021-09-3000410560core:LandBuildings2021-09-3000410560core:PlantMachinery2021-09-3000410560core:Vehicles2021-09-3000410560core:FurnitureFittings2021-09-3000410560core:OfficeEquipment2021-09-3000410560core:AfterOneYear2021-09-3000410560core:WithinOneYear2021-09-3000410560core:ListedExchangeTraded2021-09-3000410560core:UnlistedNon-exchangeTraded2021-09-3000410560core:ShareCapital2021-09-3000410560core:SharePremium2021-09-3000410560core:RevaluationReserve2021-09-3000410560core:OtherReservesSubtotal2021-09-3000410560core:RetainedEarningsAccumulatedLosses2021-09-3000410560core:NetGoodwill2020-10-0100410560core:IntangibleAssetsOtherThanGoodwill2020-10-0100410560core:LandBuildings2020-10-0100410560core:PlantMachinery2020-10-0100410560core:Vehicles2020-10-0100410560core:FurnitureFittings2020-10-0100410560core:OfficeEquipment2020-10-0100410560core:AfterOneYear2020-10-0100410560core:WithinOneYear2020-10-0100410560core:ListedExchangeTraded2020-10-0100410560core:UnlistedNon-exchangeTraded2020-10-0100410560core:ShareCapital2020-10-0100410560core:SharePremium2020-10-0100410560core:RevaluationReserve2020-10-0100410560core:OtherReservesSubtotal2020-10-0100410560core:RetainedEarningsAccumulatedLosses2020-10-0100410560core:AfterOneYear2021-10-012022-09-3000410560core:WithinOneYear2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:CostValuation2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-10-012022-09-3000410560core:Non-currentFinancialInstrumentscore:CostValuation2022-09-3000410560core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-3000410560core:Non-currentFinancialInstrumentscore:CostValuation2021-09-3000410560core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-09-3000410560core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-09-3000410560core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-09-3000410560core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-09-3000410560core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-09-3000410560core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-09-3000410560core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-09-3000410560core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-09-3000410560bus:Director12021-10-012022-09-3000410560bus:Director22021-10-012022-09-3000410560bus:Director32021-10-012022-09-3000410560core:FurnitureFittingsToolsEquipment2021-09-3000410560core:FurnitureFittingsToolsEquipment2021-10-012022-09-3000410560core:FurnitureFittingsToolsEquipment2022-09-30

Registered Number
00410560
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2022

GEO. ADAMS & SONS (RETAIL) LIMITED

Company Information
for the year from 1 October 2021 to 30 September 2022


Directors	BOLLARD, Stephen Alan
	BURFIELD, Antony
	HALL, Steven Edward


Registered Address	25-26 The Crescent
	Spalding
	PE11 1AG


Registered Number	00410560 (England and Wales)

GEO. ADAMS & SONS (RETAIL) LIMITED

Balance Sheet as at
30 September 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		61,438		19,721
			61,438		19,721
Current assets
Stocks	6	84,145		49,034
Debtors	7	77,118		46,765
Cash at bank and on hand		14,879		33,978
		176,142		129,777
Creditors amounts falling due within one year	8	(234,906)		(90,478)
Net current assets (liabilities)			(58,764)		39,299
Total assets less current liabilities			2,674		59,020
Creditors amounts falling due after one year	9		(40,000)		(58,000)
Net assets			(37,326)		1,020
Capital and reserves
Called up share capital			12,300		12,300
Share premium			274,200		274,200
Other reserves			(285,481)		(300,109)
Profit and loss account			(38,345)		14,629
Shareholders' funds			(37,326)		1,020

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 14 November 2022, and are signed on its behalf by:

BURFIELD, Antony
Director
Registered Company No. 00410560

GEO. ADAMS & SONS (RETAIL) LIMITED

Notes to the Financial Statements
for the year ended 30 September 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	6
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	15
	Office Equipment	20

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	19		15

5.	Property, plant and equipment

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 October 21	135,972	348,565	5,996	21,351	6,285	518,169
Additions	15,037	79,741	-	-	-	94,778
Disposals	-	(29,125)	-	-	-	(29,125)
At 30 September 22	151,009	399,181	5,996	21,351	6,285	583,822
Depreciation and impairment
At 01 October 21	131,257	338,348	3,497	20,853	4,493	498,448
Charge for year	6,574	15,373	899	96	994	23,936
At 30 September 22	137,831	353,721	4,396	20,949	5,487	522,384
Net book value
At 30 September 22	13,178	45,460	1,600	402	798	61,438
At 30 September 21	4,715	10,217	2,499	498	1,792	19,721

6.	Stocks

	2022	2021
	£	£
Raw materials and consumables	84,145	49,034
Total	84,145	49,034

7.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	71,204	32,929
Other debtors	5,914	10,833
Prepayments and accrued income	-	3,003
Total	77,118	46,765


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	124,912	62,610
Bank borrowings and overdrafts	46,966	-
Taxation and social security	8,720	6,944
Finance lease and HP contracts	26,171	-
Other creditors	28,137	20,924
Total	234,906	90,478


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	40,000	50,000
Other creditors	-	8,000
Total	40,000	58,000