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ADVANCED DEMAND SIDE MANAGEMENT LIMITED
REGISTERED NUMBER: 02688973
ABBREVIATED BALANCE SHEET
AS AT 30 NOVEMBER 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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PROVISIONS FOR LIABILITIES
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Page 1
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ADVANCED DEMAND SIDE MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT 30 NOVEMBER 2015
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 November 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 31 August 2016.
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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ADVANCED DEMAND SIDE MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax, discounts and clawbacks.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Over the term of the lease
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Investments held as fixed assets are shown at cost less provision for impairment.
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Rentals under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term.
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Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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Page 3
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ADVANCED DEMAND SIDE MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
2.TANGIBLE FIXED ASSETS
3.FIXED ASSET INVESTMENTS
Subsidiary undertakings
The following were subsidiary undertakings of the company:
Page 4
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ADVANCED DEMAND SIDE MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
3.FIXED ASSET INVESTMENTS (continued)
The aggregate of the share capital and reserves as at 30 November 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows: No accounts have been prepared for Reelstars Limited at the date of signing these financial statements.
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Aggregate of share capital and reserves
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Listed investments
The market value of the listed investments at 30 November 2015 was £228,585 (2014 - £40,000).
4.SHARE CAPITAL
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Allotted, called up and fully paid
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3,350,000 ordinary shares of £0.01 each
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500,000 ordinary A shares of £0.01 each
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600,000 ordinary B shares of £0.01 each
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100,000 ordinary C shares of £0.01 each
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100,000 ordinary D shares of £0.01 each
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100,000 ordinary E shares of £0.01 each
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50,000 ordinary F shares of £0.01 each
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50,000 ordinary G shares of £0.01 each
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50,000 ordinary H shares of £0.01 each
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50,000 ordinary I shares of £0.01 each
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50,000 ordinary J shares of £0.01 each
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250,000 ordinary B shares with a total nominal value of £2,500 were held by the company at the year end.
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DIRECTORS ADVANCES, CREDITS AND GUARANTEES
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At 1 December 2014 P McCart's current account balance was £13,410, which was due to the company. During the year personal expenses were paid on behalf of the director totalling £56,068, he made repayments of £55,344, leaving a balance of £14,134 due to the company as at 30 November 2015.
Page 5
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