ADPROPS LIMITED

ADPROPS LIMITED

ADPROPS LIMITED - Company Information

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ADPROPS LIMITED

Company Registration Number:
07262187 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2018

Period of accounts

Start date: 01 June 2017

End date: 31 May 2018

ADPROPS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2018

Balance sheet
Notes

ADPROPS LIMITED

Balance sheet

As at 31 May 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 5,700 6,175
Tangible assets: 3 1,399 1,866
Total fixed assets: 7,099 8,041
Current assets
Debtors: 4 3,119 4,206
Cash at bank and in hand: 2,530 1,803
Total current assets: 5,649 6,009
Creditors: amounts falling due within one year:   (15,813) (13,381)
Net current assets (liabilities): (10,164) (7,372)
Total assets less current liabilities: (3,065) 669
Total net assets (liabilities): (3,065) 669
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (3,165) 569
Shareholders funds: (3,065) 669

The notes form part of these financial statements

ADPROPS LIMITED

Balance sheet statements

For the year ending 31 May 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 February 2019
and signed on behalf of the board by:

Name: Mr Nicholas Turnbull
Status: Director

The notes form part of these financial statements

ADPROPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Motor vehicle - 25% reducing balanceEquipment - 25% reducing balance

Intangible fixed assets and amortisation policy

Goodwill - 5% straight line

ADPROPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

2. Intangible Assets

Total
Cost £
At 01 June 2017 9,500
At 31 May 2018 9,500
Amortisation
At 01 June 2017 3,325
Charge for year 475
At 31 May 2018 3,800
Net book value
At 31 May 2018 5,700
At 31 May 2017 6,175

ADPROPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

3. Tangible Assets

Total
Cost £
At 01 June 2017 10,113
At 31 May 2018 10,113
Depreciation
At 01 June 2017 8,247
Charge for year 467
At 31 May 2018 8,714
Net book value
At 31 May 2018 1,399
At 31 May 2017 1,866

ADPROPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

4. Debtors

2018 2017
££
Debtors due after more than one year: 3,119 4,206