Company Registration No. 10752545 (England and Wales)
ADAMS INDUSTRIAL DOORS LTD
Unaudited accounts
for the year ended 31 March 2019
ADAMS INDUSTRIAL DOORS LTD
Unaudited accounts
Contents
ADAMS INDUSTRIAL DOORS LTD
Company Information
for the year ended 31 March 2019
Directors
T Adams
Mrs E Adams
Company Number
10752545 (England and Wales)
Registered Office
12a PRESTON HOUSE
THE GREEN
MOUNTSORREL
LEICESTER
LE12 7AF
Accountants
AJD Accountancy Services Ltd
The Bungalow
Coppice Lane
Queniborough
Leicester
LE7 3DR
ADAMS INDUSTRIAL DOORS LTD
Statement of financial position
as at
31 March 2019
Tangible assets
10,440
4,475
Cash at bank and in hand
1,379
380
Creditors: amounts falling due within one year
(15,914)
(19,420)
Net current assets/(liabilities)
26
(3,416)
Total assets less current liabilities
10,466
1,059
Creditors: amounts falling due after more than one year
(7,250)
-
Provisions for liabilities
Deferred tax
(1,983)
(830)
Called up share capital
100
100
Profit and loss account
1,133
129
Shareholders' funds
1,233
229
For the year ending 31 March 2019 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 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 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.
Approved by the Board on 1 May 2019.
T Adams
Director
Company Registration No. 10752545
ADAMS INDUSTRIAL DOORS LTD
Notes to the Accounts
for the year ended 31 March 2019
ADAMS INDUSTRIAL DOORS LTD is a private company, limited by shares, registered in England and Wales, registration number 10752545. The registered office is 12a PRESTON HOUSE, THE GREEN, MOUNTSORREL, LEICESTER, LE12 7AF.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ADAMS INDUSTRIAL DOORS LTD
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
1,518
3,850
-
5,368
Additions
74
10,360
293
10,727
Disposals
-
(3,850)
-
(3,850)
At 31 March 2019
1,592
10,360
293
12,245
At 1 April 2018
253
640
-
893
Charge for the year
279
1,250
23
1,552
On disposals
-
(640)
-
(640)
At 31 March 2019
532
1,250
23
1,805
At 31 March 2019
1,060
9,110
270
10,440
At 31 March 2018
1,265
3,210
-
4,475
Trade debtors
8,436
11,473
Accrued income and prepayments
-
398
Other debtors
5,160
3,753
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
3,000
-
Trade creditors
3,397
5,622
Taxes and social security
3,713
6,453
Other creditors
2,117
2,042
Loans from directors
2,672
5,303
8
Creditors: amounts falling due after more than one year
2019
2018
ADAMS INDUSTRIAL DOORS LTD
Notes to the Accounts
for the year ended 31 March 2019
9
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
As at the balance sheet the there was an interest free directors loan account of £1,767 repaid after the year end.
11
Average number of employees
During the year the average number of employees was 3 (2018: 2).