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REGISTERED NUMBER: 01445080 (England and Wales)

















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2016

FOR

ADAM & CO. (TEXTILES) LIMITED

ADAM & CO. (TEXTILES) LIMITED (REGISTERED NUMBER: 01445080)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST AUGUST 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ADAM & CO. (TEXTILES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2016







DIRECTORS: Mr. S A Adam
Mr. N A Adam
Mr I A Adam
Mr. A A Adam





REGISTERED OFFICE: Watergates Building
109 Coleman Road
Leicester
LE5 4LE





BUSINESS ADDRESS: 52 London Street
Leicester
Leicestershire
LE5 3RU





REGISTERED NUMBER: 01445080 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE
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ADAM & CO. (TEXTILES) LIMITED (REGISTERED NUMBER: 01445080)

ABBREVIATED BALANCE SHEET
31ST AUGUST 2016

31/8/16 31/8/15
Notes £    £   
FIXED ASSETS
Tangible assets 2 264,081 308,693
Investments 3 5,074 9,179
269,155 317,872

CURRENT ASSETS
Stocks 61,963 66,240
Debtors 412,886 349,476
Investments 253,476 574,669
Cash at bank and in hand 411,352 388,522
1,139,677 1,378,907
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
(821,792
)
(1,077,709
)
NET CURRENT ASSETS 317,885 301,198
TOTAL ASSETS LESS CURRENT
LIABILITIES
587,040
619,070

PROVISIONS FOR LIABILITIES (49,322 ) (57,477 )
NET ASSETS 537,718 561,593

CAPITAL AND RESERVES
Called up share capital 4 80 80
Capital redemption reserve 20 20
Profit and loss account 537,618 561,493
SHAREHOLDERS' FUNDS 537,718 561,593

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st August 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 notes on pages 4 to 5 form part of these abbreviated accounts

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ADAM & CO. (TEXTILES) LIMITED (REGISTERED NUMBER: 01445080)

ABBREVIATED BALANCE SHEET - continued
31ST AUGUST 2016


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 24th May 2017 and were signed on its
behalf by:





Mr I A Adam - Director


The notes on pages 4 to 5 form part of these abbreviated accounts

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ADAM & CO. (TEXTILES) LIMITED (REGISTERED NUMBER: 01445080)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST AUGUST 2016


1. ACCOUNTING POLICIES

ACCOUNTING CONVENTION
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st September 2015 1,934,186
Additions 1,265
At 31st August 2016 1,935,451
DEPRECIATION
At 1st September 2015 1,625,493
Charge for year 45,877
At 31st August 2016 1,671,370
NET BOOK VALUE
At 31st August 2016 264,081
At 31st August 2015 308,693

-4-
ADAM & CO. (TEXTILES) LIMITED (REGISTERED NUMBER: 01445080)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1st September 2015 9,179
Disposals (4,105 )
At 31st August 2016 5,074
NET BOOK VALUE
At 31st August 2016 5,074
At 31st August 2015 9,179

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/16 31/8/15
value: £    £   
80 Ordinary 1 80 80

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