Adewoles Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08223457 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 OCTOBER 2014 TO 31 MARCH 2016

FOR

ADEWOLES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

5

DIRECTORS:

A M Adewole

Mrs O A Adewole

SECRETARY:

Mrs O A Adewole

REGISTERED OFFICE:

98 Hornchurch Road

Hornchurch

Essex

RM11 1JS

REGISTERED NUMBER:

08223457 (England and Wales)

ACCOUNTANTS:

Stephen Farra Associates Limited

98 Hornchurch Road

Hornchurch

Essex

RM11 1JS

FIXED ASSETS

Intangible assets

2

-

8,000

Tangible assets

3

-

300

-

8,300

CURRENT ASSETS

Debtors

7,797

10,200

CREDITORS

Amounts falling due within one year

7,757

17,365

NET CURRENT ASSETS/(LIABILITIES)

40

(7,165

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

40

1,135

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

38

1,133

SHAREHOLDERS' FUNDS

40

1,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 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 29 April 2016 and were signed on its behalf by:

A M Adewole - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 31 March 2016

10,000

AMORTISATION

At 1 October 2014

2,000

Amortisation for period

8,000

At 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

-

At 30 September 2014

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

400

Disposals

(400

)

At 31 March 2016

-

DEPRECIATION

At 1 October 2014

100

Eliminated on disposal

(100

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 30 September 2014

300

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2014

value:

£

2

Ordinary

1

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Adewoles Limited for the period ended 31 March 2016 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Adewoles Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adewoles Limited and state those matters that we have agreed to state to the Board of Directors of Adewoles Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Adewoles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adewoles Limited. You consider that Adewoles Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Adewoles Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stephen Farra Associates Limited

98 Hornchurch Road

Hornchurch

Essex

RM11 1JS

29 April 2016