ADASTRUM_LIMITED - Accounts

ADASTRUM LIMITED - Company Information

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Company Registration No. 05925129 (England and Wales)

ADASTRUM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

ADASTRUM LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ADASTRUM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

48,000

72,000

Tangible assets

2,585

2,552

Investments

35,107

53,188

85,692

127,740

Current assets

Debtors

140,725

122,821

Cash at bank and in hand

20,683

67,147

161,408

189,968

Creditors: amounts falling due within one year

(84,592)

(105,327)

Net current assets

76,816

84,641

Total assets less current liabilities

162,508

212,381

Capital and reserves

Called up share capital

100

Profit and loss account

162,408

212,281

Shareholders' funds

162,508

212,381

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 January 2015

Mr David Agg

Director

Company Registration No. 05925129

ADASTRUM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% straight line

Fixtures, fittings & equipment

15% reducing balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

ADASTRUM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 October 2013

240,000

11,557

53,188

304,745

Additions

2,207

768

2,975

Disposals

(18,849)

At 30 September 2014

240,000

13,764

35,107

288,871

Depreciation

At 1 October 2013

168,000

9,006

177,006

Charge for the year

24,000

2,173

26,173

At 30 September 2014

192,000

11,179

203,179

Net book value

At 30 September 2014

48,000

2,585

35,107

85,692

At 30 September 2013

72,000

2,552

53,188

127,740

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

David Agg -

4.00

92,899

549,620

996

545,664

97,851

92,899

549,620

996

545,664

97,851