Advanced Cad Technology Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05971115 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

ADVANCED CAD TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A D Clarke

SECRETARY:

A D Clarke

REGISTERED OFFICE:

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

05971115 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Business Advisors

15 Ombersley Street West

Droitwich

United Kingdom

Worcestershire

WR9 8HZ

FIXED ASSETS

Tangible assets

4

1,233

1,644

CURRENT ASSETS

Debtors

5

73,845

89,068

Cash at bank

432,264

453,024

506,109

542,092

CREDITORS

Amounts falling due within one year

6

49,914

90,969

NET CURRENT ASSETS

456,195

451,123

TOTAL ASSETS LESS CURRENT LIABILITIES

457,428

452,767

PROVISIONS FOR LIABILITIES

189

122

NET ASSETS

457,239

452,645

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

457,237

452,643

SHAREHOLDERS' FUNDS

457,239

452,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 4th July 2019 and were signed by:

A D Clarke - Director

1.	STATUTORY INFORMATION

Advanced Cad Technology Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

Equipment

equipment

Totals

£

£

£

£

COST

At 1st January 2018

and 31st December 2018

5,139

890

16,194

22,223

DEPRECIATION

At 1st January 2018

4,036

854

15,689

20,579

Charge for year

276

9

126

411

At 31st December 2018

4,312

863

15,815

20,990

NET BOOK VALUE

At 31st December 2018

827

27

379

1,233

At 31st December 2017

1,103

36

505

1,644

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

73,845

89,068

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

21,823

38,866

Corporation tax

10,572

22,479

Social security and other taxes

329

182

Wages control account

-

1,907

VAT

13,627

13,259

Other creditors

59

870

Directors' current accounts

1,004

13,406

Accrued expenses

2,500

-

49,914

90,969

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has signified that his directors current account has always been kept in credit and he will not charge

any interest on the monies held in his directors current account.

8.	RELATED PARTY DISCLOSURES

There are no related parties.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A D Clarke.