ADAMSRILL LTD

ADAMSRILL LTD

ADAMSRILL LTD - Company Information

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ADAMSRILL LTD

Company Registration Number:
11009554 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

ADAMSRILL LTD

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

ADAMSRILL LTD

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 208,699 218,824
Total fixed assets: 208,699 218,824
Current assets
Stocks: 31,170 493,403
Debtors:   170,141 30,335
Cash at bank and in hand: 408,758 558,267
Total current assets: 610,069 1,082,005
Creditors: amounts falling due within one year:   (786,531) (1,193,979)
Net current assets (liabilities): (176,462) (111,974)
Total assets less current liabilities: 32,237 106,850
Creditors: amounts falling due after more than one year:   (31,260) (43,581)
Provision for liabilities: (662) (8,040)
Total net assets (liabilities): 315 55,229
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 215 55,129
Shareholders funds: 315 55,229

The notes form part of these financial statements

ADAMSRILL LTD

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 12 December 2022
and signed on behalf of the board by:

Name: Mr D G Hughes
Status: Director

The notes form part of these financial statements

ADAMSRILL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% reducing balanceFittings, fixtures and equipment - 25% reducing balanceMotor vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ADAMSRILL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 3 3

ADAMSRILL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 256,298
Additions 517
At 31 March 2022 256,815
Depreciation
At 01 April 2021 37,474
Charge for year 10,642
At 31 March 2022 48,116
Net book value
At 31 March 2022 208,699
At 31 March 2021 218,824