ADOC LIMITED Filleted accounts for Companies House (small and micro)
ADOC LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09473095
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Statement of Financial Position |
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2020 |
2019 |
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Note |
£ |
£ |
£ |
Current assets
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Debtors |
4 |
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– |
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Cash at bank and in hand |
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-------- |
------- |
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Creditors: amounts falling due within one year |
5 |
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------- |
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Net current assets/(liabilities) |
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(
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------- |
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Total assets less current liabilities |
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(
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Net assets/(liabilities) |
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(
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------- |
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Capital and reserves
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Called up share capital |
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Profit and loss account |
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(
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------- |
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Shareholders funds/(deficit) |
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
4 February 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09473095
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Notes to the Financial Statements |
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, Tottenham, London, N17 6RA, Uk.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Revenue recognition
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non- discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4.
Debtors
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2020 |
2019 |
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£ |
£ |
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Other debtors |
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– |
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---- |
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5.
Creditors:
amounts falling due within one year
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2020 |
2019 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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6.
Director's advances, credits and guarantees
7.
Related party transactions
Included in debtors due within one year, is a balance of £9,429( 2019:£ -3,530), owed from the director. No interest is charged in respect of this balance.The amount was repaid on 13/01/2021.