Add Am Design Limited - Accounts to registrar (filleted) - small 18.2

Add Am Design Limited - Accounts to registrar (filleted) - small 18.2

ADD AM DESIGN LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.4.1 09242104 director 1.10.19 30.9.20 30.9.20 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure092421042019-09-30092421042020-09-30092421042019-10-012020-09-30092421042018-09-30092421042018-10-012019-09-30092421042019-09-3009242104ns16:EnglandWales2019-10-012020-09-3009242104ns15:PoundSterling2019-10-012020-09-3009242104ns11:Director12019-10-012020-09-3009242104ns11:PrivateLimitedCompanyLtd2019-10-012020-09-3009242104ns11:SmallEntities2019-10-012020-09-3009242104ns11:AuditExempt-NoAccountantsReport2019-10-012020-09-3009242104ns11:SmallCompaniesRegimeForDirectorsReport2019-10-012020-09-3009242104ns11:SmallCompaniesRegimeForAccounts2019-10-012020-09-3009242104ns11:FullAccounts2019-10-012020-09-3009242104ns11:RegisteredOffice2019-10-012020-09-3009242104ns6:CurrentFinancialInstruments2020-09-3009242104ns6:CurrentFinancialInstruments2019-09-3009242104ns6:ShareCapital2020-09-3009242104ns6:ShareCapital2019-09-3009242104ns6:RetainedEarningsAccumulatedLosses2020-09-3009242104ns6:RetainedEarningsAccumulatedLosses2019-09-3009242104ns6:PlantMachinery2019-10-012020-09-3009242104ns6:PlantMachinery2019-09-3009242104ns6:PlantMachinery2020-09-3009242104ns6:PlantMachinery2019-09-3009242104ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-09-3009242104ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-09-30
REGISTERED NUMBER: 09242104 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

ADD AM DESIGN LIMITED
ADD AM DESIGN LIMITED (REGISTERED NUMBER: 09242104)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADD AM DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTOR: Mr A S Brear





REGISTERED OFFICE: 12 The Leys
Bedworth
Warwickshire
CV12 8AJ





REGISTERED NUMBER: 09242104 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
ADD AM DESIGN LIMITED (REGISTERED NUMBER: 09242104)

BALANCE SHEET
30 SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 582 1,522

CURRENT ASSETS
Debtors 5 436 -
Cash at bank 17,689 34,505
18,125 34,505
CREDITORS
Amounts falling due within one year 6 18,510 28,569
NET CURRENT (LIABILITIES)/ASSETS (385 ) 5,936
TOTAL ASSETS LESS CURRENT
LIABILITIES
197
7,458

CAPITAL AND RESERVES
Called up and paid share capital 1 1
Retained earnings 196 7,457
SHAREHOLDERS' FUNDS 197 7,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
ADD AM DESIGN LIMITED (REGISTERED NUMBER: 09242104)

BALANCE SHEET - continued
30 SEPTEMBER 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2021 and were signed by:





Mr A S Brear - Director


The notes form part of these financial statements

Page 3
ADD AM DESIGN LIMITED (REGISTERED NUMBER: 09242104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

Add Am Design Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of services supplied by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Government grants
Government grants are recognised in profit or loss on a systematic basis over the periods in which the company recognises expenses for the related costs for which the grants are intended to compensate.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4 continued...
ADD AM DESIGN LIMITED (REGISTERED NUMBER: 09242104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its directors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives. There has been some disruption to the business activities as a result of COVID-19.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2019
and 30 September 2020 11,769
DEPRECIATION
At 1 October 2019 10,247
Charge for year 940
At 30 September 2020 11,187
NET BOOK VALUE
At 30 September 2020 582
At 30 September 2019 1,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 436 -

Page 5 continued...
ADD AM DESIGN LIMITED (REGISTERED NUMBER: 09242104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 5,613 13,356
Other creditors 12,897 15,213
18,510 28,569

Page 6