Company Registration No. 08666167 (England and Wales)
ADE MCADIO LIMITED
Unaudited accounts
for the year ended 31 August 2019
ADE MCADIO LIMITED
Unaudited accounts
Contents
ADE MCADIO LIMITED
Company Information
for the year ended 31 August 2019
Directors
Sadiq Abimbola ADIO
Oluwatosin GBADAMOSI
Company Number
08666167 (England and Wales)
Registered Office
I2 Office The Pinnacle
Midsummer Boulevard
Milton Keynes
MK9 1BP
Accountants
Alexander Rosse Limited
153 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
ADE MCADIO LIMITED
Statement of financial position
as at 31 August 2019
Cash at bank and in hand
31,536
10,891
Creditors: amounts falling due within one year
(31,321)
(19,890)
Net current assets/(liabilities)
4,383
(315)
Called up share capital
2
2
Profit and loss account
4,801
989
Shareholders' funds
4,803
991
For the year ending 31 August 2019 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 May 2020.
Oluwatosin GBADAMOSI
Director
Company Registration No. 08666167
ADE MCADIO LIMITED
Notes to the Accounts
for the year ended 31 August 2019
ADE MCADIO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08666167. The registered office is I2 Office The Pinnacle, Midsummer Boulevard, Milton Keynes, MK9 1BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2018
462
4,136
4,598
At 31 August 2019
462
4,136
4,598
At 1 September 2018
662
2,630
3,292
Charge for the year
(200)
1,086
886
At 31 August 2019
462
3,716
4,178
At 31 August 2019
-
420
420
At 31 August 2018
(200)
1,506
1,306
ADE MCADIO LIMITED
Notes to the Accounts
for the year ended 31 August 2019
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
(3,772)
5,230
Loans from directors
33,196
14,632
7
Average number of employees
During the year the average number of employees was 2 (2018: 2).
