REGISTERED NUMBER: SC077619 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Adams Foods (Motherwell) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs. C Adams

C Adams

S Adams

SECRETARY:

Mrs. C Adams

REGISTERED OFFICE:

235 / 257 Orbiston Street

Motherwell

ML1 1QF

REGISTERED NUMBER:

SC077619 (Scotland)

ACCOUNTANTS:

Douglas Tainsh & Co Ltd.

14 Westwood Avenue

Glasgow

Glasgow

G46 7PD

FIXED ASSETS

Intangible assets

2

65,024

81,272

Tangible assets

3

510,863

541,955

575,887

623,227

CURRENT ASSETS

Stocks

37,296

30,486

Debtors

149,037

178,341

Cash at bank

166,264

281,001

352,597

489,828

CREDITORS

Amounts falling due within one year

4

180,258

285,999

NET CURRENT ASSETS

172,339

203,829

TOTAL ASSETS LESS CURRENT LIABILITIES

748,226

827,056

CREDITORS

Amounts falling due after more than one year

4

(22,565

)

(31,156

)

PROVISIONS FOR LIABILITIES

(34,809

)

(35,118

)

NET ASSETS

690,852

760,782

CAPITAL AND RESERVES

Called up share capital

5

125,000

125,000

Profit and loss account

565,852

635,782

SHAREHOLDERS' FUNDS

690,852

760,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 December 2016 and were signed on its behalf by:

C Adams - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

5% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Government grants

Grants received in respect of tangible fixed assets are credited to the profit and loss account over the expected

useful lives of the relevant assets to which they relate. Grants received but not yet released to the profit and loss

account are included as deferred income in the balance sheet.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

325,000

AMORTISATION

At 1 August 2015

243,728

Amortisation for year

16,248

At 31 July 2016

259,976

NET BOOK VALUE

At 31 July 2016

65,024

At 31 July 2015

81,272

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 August 2015

1,233,596

Additions

32,372

Disposals

(68,366

)

At 31 July 2016

1,197,602

DEPRECIATION

At 1 August 2015

691,641

Charge for year

61,507

Eliminated on disposal

(66,409

)

At 31 July 2016

686,739

NET BOOK VALUE

At 31 July 2016

510,863

At 31 July 2015

541,955

4.

CREDITORS

Creditors include an amount of £ 5,378 (31.7.15 - £ 13,690 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

125,000

Ordinary

£1

125,000

125,000