Adcock Financial Limited - Limited company - abbreviated - 11.6

Adcock Financial Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04268333 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Adcock Financial Limited

Adcock Financial Limited (Registered number: 04268333)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Adcock Financial Limited

Company Information
for the Year Ended 31 October 2014







DIRECTOR: P J Adcock





SECRETARY: J Adcock





REGISTERED OFFICE: 10 Milton Court
Ravenshead
Nottinghamshire
NG15 9BD





REGISTERED NUMBER: 04268333 (England and Wales)






Adcock Financial Limited (Registered number: 04268333)

Abbreviated Balance Sheet
31 October 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,737 3,701

CURRENT ASSETS
Stocks 27,299 25,799
Debtors 29,370 26,212
56,669 52,011
CREDITORS
Amounts falling due within one year 30,273 26,234
NET CURRENT ASSETS 26,396 25,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,133

29,478

PROVISIONS FOR LIABILITIES 514 453
NET ASSETS 29,619 29,025

CAPITAL AND RESERVES
Called up share capital 3 7,145 7,145
Share premium 15,515 15,515
Profit and loss account 6,959 6,365
SHAREHOLDERS' FUNDS 29,619 29,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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.

Adcock Financial Limited (Registered number: 04268333)

Abbreviated Balance Sheet - continued
31 October 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 27 July 2015 and were signed by:





P J Adcock - Director


Adcock Financial Limited (Registered number: 04268333)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013 28,969
Additions 1,282
At 31 October 2014 30,251
DEPRECIATION
At 1 November 2013 25,268
Charge for year 1,246
At 31 October 2014 26,514
NET BOOK VALUE
At 31 October 2014 3,737
At 31 October 2013 3,701

Adcock Financial Limited (Registered number: 04268333)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
5,660 Ordinary 1 5,660 5,660
1,485 'A' ordinary 1 1,485 1,485
7,145 7,145

4. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the director.