Adar Trade Limited

Adar Trade Limited

ADAR TRADE LIMITED - Company Information

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1 October 2018 false No description of principal activity Taxfiler 2020.8 09040696business:PrivateLimitedCompanyLtd2018-10-012019-09-30 090406962018-09-30 090406962018-10-012019-09-30 09040696business:AuditExemptWithAccountantsReport2018-10-012019-09-30 09040696business:FullAccounts2018-10-012019-09-30 090406962019-09-30 09040696business:Director12018-10-012019-09-30 09040696business:RegisteredOffice2018-10-012019-09-30 090406962018-09-30 09040696core:WithinOneYear2019-09-30 09040696core:WithinOneYear2018-09-30 09040696core:ShareCapital2019-09-30 09040696core:ShareCapital2018-09-30 09040696core:RetainedEarningsAccumulatedLosses2019-09-30 09040696core:RetainedEarningsAccumulatedLosses2018-09-30 09040696business:SmallEntities2018-10-012019-09-30 09040696countries:EnglandWales2018-10-012019-09-30 09040696business:OrdinaryShareClass12018-10-012019-09-30 09040696business:OrdinaryShareClass12017-10-012018-09-30 090406962017-10-012018-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09040696 (England and Wales)
Adar Trade Limited Unaudited accounts for the year ended 30 September 2019
Adar Trade Limited Unaudited accounts Contents
Page
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Adar Trade Limited Company Information for the year ended 30 September 2019
Director
S Gutfreund
Company Number
09040696 (England and Wales)
Registered Office
Hallswelle House 1 Hallswelle Road London NW11 0DH
Accountants
GK & CO. LLP Hallswelle House 1 Hallswelle Road London NW11 0DH
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Adar Trade Limited Statement of financial position as at 30 September 2019
2019 
2018 
Notes
£ 
£ 
Current assets
Inventories
4
1,560,818 
501,297 
Debtors
5
284,736 
291,027 
Cash at bank and in hand
158,905 
453,575 
2,004,459 
1,245,899 
Creditors: amounts falling due within one year
6
(1,318,512)
(725,604)
Net current assets
685,947 
520,295 
Net assets
685,947 
520,295 
Capital and reserves
Called up share capital
7
100 
100 
Profit and loss account
685,847 
520,195 
Shareholders' funds
685,947 
520,295 
For the year ending 30 September 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 13 May 2020 and were signed on its behalf by
S Gutfreund Director Company Registration No. 09040696
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Adar Trade Limited Notes to the Accounts for the year ended 30 September 2019
1
Statutory information
Adar Trade Limited is a private company, limited by shares, registered in England and Wales, registration number 09040696. The registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Presentation currency
The accounts are presented in £ sterling.
4
Inventories
2019 
2018 
£ 
£ 
Finished goods
1,560,818 
501,297 
1,560,818 
501,297 
5
Debtors
2019 
2018 
£ 
£ 
Trade debtors
236,670 
146,323 
Other debtors
48,066 
144,704 
284,736 
291,027 
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Adar Trade Limited Notes to the Accounts for the year ended 30 September 2019
6
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
1,001,630 
172,982 
Taxes and social security
39,226 
70,740 
Other creditors
274,380 
479,282 
Accruals
3,276 
2,600 
1,318,512 
725,604 
7
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
No one single party was under control of the company during the current period. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).
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