Company Registration No. 09040696 (England and Wales)
Adar Trade Limited
Unaudited accounts
for the year ended 30 September 2020
Adar Trade Limited
Unaudited accounts
Contents
Adar Trade Limited
Company Information
for the year ended 30 September 2020
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
Adar Trade Limited
Statement of financial position
as at 30 September 2020
Inventories
354,965
1,560,818
Cash at bank and in hand
292,663
158,905
Creditors: amounts falling due within one year
(273,029)
(1,318,512)
Net current assets
484,140
685,947
Net assets
484,140
685,947
Called up share capital
100
100
Profit and loss account
484,040
685,847
Shareholders' funds
484,140
685,947
For the year ending 30 September 2020 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 26 March 2021 and were signed on its behalf by
S Gutfreund
Director
Company Registration No. 09040696
Adar Trade Limited
Notes to the Accounts
for the year ended 30 September 2020
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.
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 turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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.
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.
The accounts are presented in £ sterling.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
5
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.
6
Average number of employees
During the year the average number of employees was 0 (2019: 0).
