Accounts filed on 31-12-2018

Accounts filed on 31-12-2018

ADMAC LIMITED - Company Information

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Registered number: 02399449
Admac Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2018
Prepared By:
Douglas Colmer & Co
Chartered Accountants
Orwell Lodge
13 Lesney Park Road
Erith
Kent
DA8 3DQ
Admac Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2018
DIRECTORS
J S Dwelly
P J Dwelly
J P Dwelly
SECRETARY
J P Dwelly
REGISTERED OFFICE
The Nucleus
Brunel Way
Dartford
Kent
DA1 5GA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02399449
ACCOUNTANTS
Douglas Colmer & Co
Chartered Accountants
Orwell Lodge
13 Lesney Park Road
Erith
Kent
DA8 3DQ
Admac Limited
ACCOUNTS
FOR THEYEARENDED31/12/2018
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Admac Limited
BALANCE SHEET AT 31/12/2018
20182017
Notes££
FIXED ASSETS
Tangible assets210,97412,069
CURRENT ASSETS
Debtors374,00856,490
Cash at bank and in hand477,692405,192
551,700461,682
CREDITORS: Amounts falling due within one year483,27378,849
NET CURRENT ASSETS468,427382,833
TOTAL ASSETS LESS CURRENT LIABILITIES479,401394,902
PROVISIONS FOR LIABILITIES AND CHARGES61,9862,175
NET ASSETS477,415392,727
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account477,315392,627
SHAREHOLDERS' FUNDS477,415392,727
For the year ending 31/12/2018 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/04/2019 and signed on their behalf by
.............................
P J Dwelly
Director
Admac Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/01/20186,05626,12532,181
Additions-3,3383,338
At 31/12/20186,05629,46335,519
Depreciation
At 01/01/20185,91214,20020,112
For the year374,3964,433
At 31/12/20185,94918,59624,545
Net Book Amounts
At 31/12/201810710,86710,974
At 31/12/201714411,92512,069
Admac Limited
3. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors70,95450,686
Prepayments3,0545,804
74,00856,490
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
UK corporation tax27,73117,496
VAT41,02240,739
PAYE control9,74612,288
Other creditors1,6745,826
Accruals3,1002,500
83,27378,849
5. EMPLOYEES
20182017
No.No.
Average number of employees67
6. PROVISIONS FOR LIABILITIES 20182017
££
Deferred taxation1,9862,175
1,9862,175
Admac Limited
7. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. RELATED PARTY TRANSACTIONS
The company was under the control of the director and sole shareholder, J S Dwelly througout the current and previous year.
Dividends of £32,000 were paid to Mr Dwelly in the year (2017 - nil).
9. OPERATING LEASE COMMITMENTS
The following operating lease payments are commited to be paid withib one year :
20182017
££
Expiring within one year9,0107,787
Expiring within 1-5 years4,68012,833