Accounts filed on 31-10-2018

Accounts filed on 31-10-2018

ADEPT FACILITIES GROUP LTD - Company Information

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Registered number: 09811160
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
ACCOUNTS
FOR THE YEAR ENDED 31/10/2018
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
ACCOUNTS
FOR THE YEAR ENDED 31/10/2018
DIRECTORS
J SHORT
P HAND
MRS L HAND
REGISTERED OFFICE
UNIT 2c KALLO BUILDING COOPERS PLACE
COMBE LANE
WORMLEY
SURREY
GU8 5SZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09811160
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
ACCOUNTS
FOR THEYEARENDED31/10/2018
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
BALANCE SHEET AT 31/10/2018
20182017
Notes££
FIXED ASSETS
Intangible assets28,75012,250
Tangible assets3214,617159,477
223,367171,727
CURRENT ASSETS
Stock19,50015,830
Debtors5268,421301,320
Cash at bank and in hand2,52610
290,447317,160
CREDITORS: Amounts falling due within one year6521,102506,317
NET CURRENT LIABILITIES(230,655)(189,157)
TOTAL ASSETS LESS CURRENT LIABILITIES(7,288)(17,430)
CREDITORS: Amounts falling due after more than one year759,51410,883
NET LIABILITIES(66,802)(28,313)
CAPITAL AND RESERVES
Called up share capital91010
Profit and loss account(66,812)(28,323)
SHAREHOLDERS' FUNDS(66,802)(28,313)
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
BALANCE SHEET AT 31/10/2018
For the year ending 31/10/2018 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 16/09/2019 and signed on their behalf by
.............................
J SHORT
Director
.............................
P HAND
DIRECTOR
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2018
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. Going Concern
The Company meets its day to day capital requirements through efficient ledger management, credit control and loan from its directors and shareholders. As shown by the balance sheet, the Company's shareholders' funds were in deficit by £66,802 (2017: £28,313). The Company's ability to continue trading is dependent upon time to time loans by its directors and shareholders, who have indicated that the financial support for the Company will continue for the foreseeable future and have pledged to continue their support in the form of these loans to the Company. The financial statements do not include any adjustments that would result from the withdrawal of this support from the directors and shareholders. Due to the circumstances set out above the directors are of the opinion that it is appropriate for these financial statements to be prepared on a going concern basis.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
1e. 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.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 5 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/201717,50017,500
At 31/10/201817,50017,500
Depreciation
At 01/11/20175,2505,250
For the year3,5003,500
At 31/10/20188,7508,750
Net Book Amounts
At 31/10/20188,7508,750
At 31/10/201712,25012,250
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/11/2017157,50066,60715,462239,569
Additions-99,139-99,139
At 31/10/2018157,500165,74615,462338,708
Depreciation
At 01/11/201754,14122,0863,86580,092
For the year25,83915,2612,89943,999
At 31/10/201879,98037,3476,764124,091
Net Book Amounts
At 31/10/201877,520128,3998,698214,617
At 31/10/2017103,35944,52111,597159,477
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
4. STOCK 20182017
££
Stock comprises:
Work in progress19,50015,830
19,50015,830
5. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors264,639297,308
Salaries and wages control-3,985
Other debtors 3,755-
Prepayments2727
268,421301,320
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
VAT43,86777,329
PAYE control14,60311,522
Salaries and wages control3,704-
Directors current account92,00092,000
Bank loans and overdrafts109,03050,241
Credit card1,7833,514
Hire purchase33,88620,762
Trade creditors132,91687,746
Other creditors57,96657,966
Accruals12,50020,500
Deferred income18,84784,737
521,102506,317
HSBC Bank plc has a fixed and floating charge over all assets and undertaking of the company, created on 4 April 2016. The directors and shareholders have personally guaranteed the company overdraft to the value of £30,000.
ADEPT FACILITIES GROUP LTD T/A TROJAN PROPERTY MAINTENANCE
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20182017
££
Hire purchase >1yr59,51410,883
59,51410,883
8. EMPLOYEES
20182017
No.No.
Average number of employees1618
9. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
10 Class 1 shares of £1 each1010
1010
New shares issued during period:
10 Class 1 shares of £1 each1010