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REGISTERED NUMBER: 01445080 (England and Wales)

















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2015

FOR

ADAM & CO. (TEXTILES) LIMITED

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

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST AUGUST 2015










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 2015







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

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

ABBREVIATED BALANCE SHEET
31ST AUGUST 2015

31/8/15 31/8/14
Notes £    £   
FIXED ASSETS
Tangible assets 2 308,693 272,747
Investments 3 9,179 9,179
317,872 281,926

CURRENT ASSETS
Stocks 66,240 104,335
Debtors 349,476 338,455
Investments 574,669 1,009,758
Cash at bank and in hand 358,340 35,868
1,348,725 1,488,416
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

(1,047,527

)

(1,131,979

)
NET CURRENT ASSETS 301,198 356,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,070

638,363

PROVISIONS FOR LIABILITIES (57,477 ) (49,352 )
NET ASSETS 561,593 589,011

CAPITAL AND RESERVES
Called up share capital 4 80 80
Capital redemption reserve 20 20
Profit and loss account 561,493 588,911
SHAREHOLDERS' FUNDS 561,593 589,011

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2015.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st August 2015 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.

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

ABBREVIATED BALANCE SHEET - continued
31ST AUGUST 2015


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 27th May 2016 and were signed on its
behalf by:





Mr I A Adam - Director


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

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST AUGUST 2015


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 April 2008).

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.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st September 2014 1,844,544
Additions 89,642
At 31st August 2015 1,934,186
DEPRECIATION
At 1st September 2014 1,571,797
Charge for year 53,696
At 31st August 2015 1,625,493
NET BOOK VALUE
At 31st August 2015 308,693
At 31st August 2014 272,747

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

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2015


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1st September 2014
and 31st August 2015 9,179
NET BOOK VALUE
At 31st August 2015 9,179
At 31st August 2014 9,179

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/15 31/8/14
value: £    £   
80 Ordinary 1 80 80