Abbreviated Company Accounts - ADAPT ENERGY LTD

Registered Number 07555357

ADAPT ENERGY LTD

Abbreviated Accounts

31 December 2014

ADAPT ENERGY LTD Registered Number 07555357

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,500	-
		4,500	-
Current assets
Stocks		26,815	6,419
Debtors		26,585	7,478
Cash at bank and in hand		58,877	9,736
		112,277	23,633
Creditors: amounts falling due within one year		(169,251)	(17,937)
Net current assets (liabilities)		(56,974)	5,696
Total assets less current liabilities		(52,474)	5,696
Total net assets (liabilities)		(52,474)	5,696
Capital and reserves
Called up share capital		10	10
Profit and loss account		(52,484)	5,686
Shareholders' funds		(52,474)	5,696

For the year ending 31 December 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2015

And signed on their behalf by:
S M Emms, Director
J R Gleed, Director

ADAPT ENERGY LTD Registered Number 07555357

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with statements of standard accounting practice and financial reporting standards issued by UK accountancy bodies. The particular accounting policies adopted are described below.

Accounting convention

The financial statements have been prepared under the historical cost convention

Turnover policy
Turnover represents the net amount invoiced for goods and services less trade discounts excluding value added tax, plus work in progress and attributable to one activity carried on in the UK.

Tangible assets depreciation policy
Depreciation is provided on a basis to write off the cost over the estimated lives of the assets. The rates of depreciation are as follows:

Leasehold Improvements Over 5 years straight line
Plant & Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office Equipment 25% on reducing balance
Fixtures & Fittings 25% on reducing balance

Other accounting policies
Deferred taxation

Deferred taxation is provided on all timing differences arising from the inclusion of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements, except where the tax reduction is expected to continue for the future

2Tangible fixed assets

	£
Cost
At 1 January 2014	-
Additions	6,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	6,000
Depreciation
At 1 January 2014	-
Charge for the year	1,500
On disposals	-
At 31 December 2014	1,500
Net book values
At 31 December 2014	4,500
At 31 December 2013	-