Adept Trading Limited - Abbreviated accounts 16.1
Adept Trading Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS |
| FOR THE PERIOD |
| 18TH FEBRUARY 2015 TO 31ST MAY 2016 |
| FOR |
| ADEPT TRADING LIMITED |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 18TH FEBRUARY 2015 TO 31ST MAY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ADEPT TRADING LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 18TH FEBRUARY 2015 TO 31ST MAY 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| INCORPORATED: |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| ABBREVIATED BALANCE SHEET |
| 31ST MAY 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST MAY 2016 |
| 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 financial statements were approved by the Board of Directors on behalf by: |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 18TH FEBRUARY 2015 TO 31ST MAY 2016 |
| 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 sales of goods and trade discounts. Turnover is recognised when the goods are |
| physically delivered to the customer. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out |
| basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is |
| made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
| 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 directors' operate a defined contribution pension scheme. Contributions payable to the directors' |
| pension scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31st May 2016 |
| DEPRECIATION |
| Charge for period |
| At 31st May 2016 |
| NET BOOK VALUE |
| At 31st May 2016 |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE PERIOD 18TH FEBRUARY 2015 TO 31ST MAY 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 100 |
| The following shares were issued during the period for cash at par : |