Admiral Ventures Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05100611 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2015

for

Admiral Ventures Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Rooke

K Jones

J J Blackwell

SECRETARY:

K Jones

REGISTERED OFFICE:

Unit 4 Bordesley Trading Estate

Bordesley Green Road

Birmingham

West Midlands

B8 1BZ

REGISTERED NUMBER:

05100611 (England and Wales)

ACCOUNTANTS:

Blythe Phillips

10C Peckingham Street

Halesowen

West Midlands

B63 3AW

FIXED ASSETS

Tangible assets

2

4,475

5,594

CURRENT ASSETS

Stocks

30,000

Debtors

185,229

134,832

Cash at bank

5,194

23,177

220,423

188,009

CREDITORS

Amounts falling due within one year

127,943

135,319

NET CURRENT ASSETS

92,480

52,690

TOTAL ASSETS LESS CURRENT
LIABILITIES

96,955

58,284

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

95,955

57,284

SHAREHOLDERS' FUNDS

96,955

58,284

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 27 April 2016 and were signed on its behalf by:

D Rooke - Director

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 goods, 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.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 August 2014

and 31 July 2015

13,535

DEPRECIATION

At 1 August 2014

7,941

Charge for year

1,119

At 31 July 2015

9,060

NET BOOK VALUE

At 31 July 2015

4,475

At 31 July 2014

5,594

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

1,000

Ordinary

1

1,000