Adagio Limited

Adagio Limited

ADAGIO LIMITED - Company Information

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1 September 2020 false No description of principal activity Taxfiler 2021.11 08521680business:PrivateLimitedCompanyLtd2020-09-012021-08-31 085216802020-08-31 085216802020-09-012021-08-31 08521680business:AuditExempt-NoAccountantsReport2020-09-012021-08-31 08521680business:AbridgedAccounts2020-09-012021-08-31 085216802021-08-31 08521680business:Director12020-09-012021-08-31 08521680business:RegisteredOffice2020-09-012021-08-31 085216802020-08-31 08521680core:WithinOneYear2021-08-31 08521680core:WithinOneYear2020-08-31 08521680core:AfterOneYear2021-08-31 08521680core:AfterOneYear2020-08-31 08521680core:ShareCapital2021-08-31 08521680core:ShareCapital2020-08-31 08521680core:RetainedEarningsAccumulatedLosses2021-08-31 08521680core:RetainedEarningsAccumulatedLosses2020-08-31 08521680business:SmallEntities2020-09-012021-08-31 08521680countries:EnglandWales2020-09-012021-08-31 08521680core:FurnitureFittings2020-09-012021-08-31 08521680core:ComputerEquipment2020-09-012021-08-31 085216802019-09-012020-08-31 iso4217:GBP xbrli:pure
Company Registration No. 08521680 (England and Wales)
Adagio Limited Unaudited accounts for the year ended 31 August 2021
Adagio Limited Unaudited accounts Contents
Page
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Adagio Limited Company Information for the year ended 31 August 2021
Director
Mr Keith Hill
Company Number
08521680 (England and Wales)
Registered Office
100A HIGH STREET HUNTINGDON CAMBRIDGESHIRE PE29 3DP
Accountants
M J Bird 4 The Orchards Orton Waterville Peterborough Cambs PE2 5LA
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Adagio Limited Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,064 
2,580 
Current assets
Inventories
21,709 
17,957 
Cash at bank and in hand
3,282 
4,917 
24,991 
22,874 
Creditors: amounts falling due within one year
(35,831)
(1,338)
Net current (liabilities)/assets
(10,840)
21,536 
Total assets less current liabilities
(8,776)
24,116 
Creditors: amounts falling due after more than one year
- 
(39,719)
Net liabilities
(8,776)
(15,603)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(8,777)
(15,604)
Shareholders' funds
(8,776)
(15,603)
For the year ending 31 August 2021 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 22 September 2021 and were signed on its behalf by
Mr Keith Hill Director Company Registration No. 08521680
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Adagio Limited Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
Adagio Limited is a private company, limited by shares, registered in England and Wales, registration number 08521680. The registered office is 100A HIGH STREET, HUNTINGDON, CAMBRIDGESHIRE, PE29 3DP.
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
These financial statements for the year ended 31 August 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2019. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% NBV
Computer equipment
20% NBV
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2020
9,364 
At 31 August 2021
9,364 
Depreciation
At 1 September 2020
6,784 
Charge for the year
516 
At 31 August 2021
7,300 
Net book value
At 31 August 2021
2,064 
At 31 August 2020
2,580 
5
Average number of employees
During the year the average number of employees was 3 (2020: 3).
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