Addidi Wealth Ltd - Limited company - abbreviated - 11.9

Addidi Wealth Ltd - Limited company - abbreviated - 11.9

ADDIDI WEALTH LTD - Company Information

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REGISTERED NUMBER: 05699285 (England and Wales)











ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ADDIDI WEALTH LTD

ADDIDI WEALTH LTD (REGISTERED NUMBER: 05699285)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ADDIDI WEALTH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: Mrs A Sofat
J Sofat





SECRETARY: J Sofat





REGISTERED OFFICE: 47 Pilgrims Road
Halling
Rochester
Kent
ME2 1HN





REGISTERED NUMBER: 05699285 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
38A High Street
Northwood
Middlesex
HA6 1BN
Page 1
ADDIDI WEALTH LTD (REGISTERED NUMBER: 05699285)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 29,741 31,381
Investments 3 - 12,500
29,741 43,881

CURRENT ASSETS
Debtors 110,319 88,363
Cash at bank 36,124 65,707
146,443 154,070
CREDITORS
Amounts falling due within one year 67,837 50,365
NET CURRENT ASSETS 78,606 103,705
TOTAL ASSETS LESS CURRENT
LIABILITIES
108,347
147,586

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 108,247 147,486
SHAREHOLDERS' FUNDS 108,347 147,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts

Page 2 continued...
ADDIDI WEALTH LTD (REGISTERED NUMBER: 05699285)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 Board of Directors on 5 April 2016 and were signed on
its behalf by:





J Sofat - Director


The notes form part of these abbreviated accounts

Page 3
ADDIDI WEALTH LTD (REGISTERED NUMBER: 05699285)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015


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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the
company qualifies as a small company.

Turnover
Turnover which excludes value added tax, represents income received in the ordinary course of
the business in respect of the company's activities.

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


Office equipment and furniture - 20% on reducing balance

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation
computations in periods different from those in which they are included in the company's
financial statements. Deferred tax is provided in full on timing differences which result in an
obligation to pay more (or less) tax at a future date, at the average tax rates that are expected
to apply when the timing differences reverse, based on current tax rates and laws.

Fixed asset investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution
in value.

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.

Page 4 continued...
ADDIDI WEALTH LTD (REGISTERED NUMBER: 05699285)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 58,421
Additions 5,850
At 31 December 2015 64,271
DEPRECIATION
At 1 January 2015 27,040
Charge for year 7,490
At 31 December 2015 34,530
NET BOOK VALUE
At 31 December 2015 29,741
At 31 December 2014 31,381

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2015 12,500
Disposals (12,500 )
At 31 December 2015 -
NET BOOK VALUE
At 31 December 2015 -
At 31 December 2014 12,500

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE PARENT COMPANY

The ultimate parent company is Addidi Holdings Limited.

Page 5