Accounts filed on 31-12-2019

Accounts filed on 31-12-2019

ADMAC LIMITED - Company Information

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Registered number: 02399449
Admac Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2019
Prepared By:
Douglas Colmer & Co
Chartered Accountants
Orwell Lodge
13 Lesney Park Road
Erith
Kent
DA8 3DQ
Admac Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2019
DIRECTORS
J S Dwelly
P J Dwelly
J P Dwelly
SECRETARY
J P Dwelly
REGISTERED OFFICE
The Nucleus
Brunel Way
Dartford
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 THEYEARENDED31/12/2019
CONTENTS
Page
Directors' Report-
Strategic 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 31/12/2019
20192018
Notes££
FIXED ASSETS
Tangible assets28,23010,974
CURRENT ASSETS
Debtors358,77174,008
Cash at bank and in hand586,054477,692
644,825551,700
CREDITORS: Amounts falling due within one year498,24683,273
NET CURRENT ASSETS546,579468,427
TOTAL ASSETS LESS CURRENT LIABILITIES554,809479,401
PROVISIONS FOR LIABILITIES AND CHARGES61,5641,986
NET ASSETS553,245477,415
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account553,145477,315
SHAREHOLDERS' FUNDS553,245477,415
For the year ending 31/12/2019 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 20/03/2020 and signed on their behalf by
.............................
P J Dwelly
Director
Admac Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2019
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 01/01/20196,05629,46435,520
At 31/12/20196,05629,46435,520
Depreciation
At 01/01/20195,94918,59724,546
For the year272,7172,744
At 31/12/20195,97621,31427,290
Net Book Amounts
At 31/12/2019808,1508,230
At 31/12/201810710,86710,974
Admac Limited
3. DEBTORS 20192018
££
Amounts falling due within one year
Trade debtors55,04570,954
Prepayments3,7263,054
58,77174,008
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
UK corporation tax31,38327,731
VAT44,64041,022
PAYE control11,5869,746
Other creditors7,6371,674
Accruals3,0003,100
98,24683,273
5. EMPLOYEES
20192018
No.No.
Average number of employees66
6. PROVISIONS FOR LIABILITIES 20192018
££
Deferred taxation1,5641,986
1,5641,986
Admac Limited
7. SHARE CAPITAL 20192018
££
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 throughout the current and previous year.
Dividends of £58,000 were paid to Mr Dwelly during the year (2018 - £32,000).
9. OPERATING LEASE COMMITMENTS
The following operating lease payments are committed to be paid :
20192018
££
Within one year6,0459,010
Within 1 - 5 years10,9684,680