Accounts filed on 30-06-2014

Accounts filed on 30-06-2014

ADC SERVICES LIMITED - Company Information

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2013-07-012014-06-3002808961falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2013-06-30http://www.companieshouse.gov.uk/cd:Director12013-07-012014-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2014-06-30http://www.companieshouse.gov.uk/pt:FixturesFittings2013-06-30http://www.companieshouse.gov.uk/pt:FixturesFittings2014-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-07-012014-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2013-07-012014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-06-30http://www.companieshouse.gov.uk/pt:PositiveGoodwill2013-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-06-30http://www.companieshouse.gov.uk/pt:FixturesFittings2013-07-012014-06-30http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-07-012014-06-30http://www.companieshouse.gov.uk/pt:PositiveGoodwill2013-07-012014-06-30http://www.companieshouse.gov.uk/2012-07-012013-06-30http://www.companieshouse.gov.uk/2013-07-012014-06-30http://www.companieshouse.gov.uk/2013-06-30http://www.companieshouse.gov.uk/2014-06-30http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-07-012014-06-30http://www.companieshouse.gov.uk/2013-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02808961
ADC Services Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
Prepared By:
Anstee Gorst
Ground Floor Offices, Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon, St Neots
Cambridgeshire
PE19 8ER

ADC Services Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 02808961

ADC Services Ltd
Registered Number: 02808961
BALANCE SHEET AT 30/06/2014
20142013
Notes££
FIXED ASSETS
Tangible assets3342457
CURRENT ASSETS
Stock4,2505,000
Debtors (amounts falling due within one year)48613,863
Cash at bank and in hand3151,118
5,4269,981
CREDITORS: Amounts falling due within one year5,52310,281
NET CURRENT LIABILITIES(97)(300)
TOTAL ASSETS LESS CURRENT LIABILITIES245157
CAPITAL AND RESERVES
Called up share capital511
Profit and loss account244156
SHAREHOLDERS' FUNDS245157
For the year ending 30/06/2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 20/03/2015 and signed on their behalf by
Anthony Groom
Director

ADC Services Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
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%
Equipmentreducing balance 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

ADC Services Ltd
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/20131,0001,000
At 30/06/20141,0001,000
Depreciation
At 01/07/20131,0001,000
At 30/06/20141,0001,000
Net Book Amounts
At 30/06/2014--
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/07/20137,0006,1479,29922,446
At 30/06/20147,0006,1479,29922,446
Depreciation
At 01/07/20136,6066,1479,23621,989
For the year99-16115
At 30/06/20146,7056,1479,25222,104
Net Book Amounts
At 30/06/2014295-47342
At 30/06/2013394-63457

ADC Services Ltd
4. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors-500
Other debtors8613,363
8613,863
5. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
6. RELATED PARTY TRANSACTIONS
At the end of the period the amount of £13 was owed to a related party, K2 Partners Ltd, which is controlled by A J Groom, for expenses paid on behalf of ADC Services Ltd.
A balance of £2,866 was owed to ADC Services Ltd by K2 Partners Ltd at 1 July 2013 which was repaid during the period.
7. CONTROLLING PARTY
The controlling party is A J Groom, a director of the company.