Company Registration No. 10205184 (England and Wales)
Adam's Discount Electronics Limited
Unaudited accounts
for the year ended 31 May 2023
Adam's Discount Electronics Limited
Unaudited accounts
Contents
Adam's Discount Electronics Limited
Company Information
for the year ended 31 May 2023
Director
WILLIAMSON, Adam Keith
Company Number
10205184 (England and Wales)
Registered Office
71-75 SHELTON STREET
LONDON
WC2H 9JQ
UNITED KINGDOM
Adam's Discount Electronics Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
4,808
9,618
Creditors: amounts falling due within one year
(57,336)
(53,855)
Net current assets
34,155
25,060
Total assets less current liabilities
34,155
25,629
Creditors: amounts falling due after more than one year
(33,923)
(39,605)
Net assets/(liabilities)
232
(13,976)
Called up share capital
100
100
Revaluation reserve
1,800
-
Profit and loss account
(1,668)
(14,076)
Shareholders' funds
232
(13,976)
For the year ending 31 May 2023 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 4 January 2024 and were signed on its behalf by
WILLIAMSON, Adam Keith
Director
Company Registration No. 10205184
Adam's Discount Electronics Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 2022
135
415
1,709
2,259
At 31 May 2023
135
415
1,709
2,259
At 1 June 2022
135
415
1,140
1,690
Charge for the year
-
-
569
569
At 31 May 2023
135
415
1,709
2,259
At 31 May 2022
-
-
569
569
Amounts falling due within one year
Deferred tax asset
1,800
-
Adam's Discount Electronics Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,333
8,333
Taxes and social security
5,785
6,691
Other creditors
37,353
31,079
Deferred income
5,865
4,786
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).