Adrift Limited - Period Ending 2015-12-31
Adrift Limited - Period Ending 2015-12-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Adrift Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Adrift Limited
for the Year Ended 31 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Adrift Limited for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Adrift Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Adrift Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adrift Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Adrift Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Adrift Limited. You consider that Adrift Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Adrift 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 accounts.
Glover Stanbury
Chartered Accountants
30 Bear Street
BARNSTAPLE
Devon
EX32 7DD
14 September 2016
Adrift Limited
(Registration number: 08655631)
Abbreviated Balance Sheet at 31 December 2015
Note |
31 December 2015
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31 December 2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved and authorised for issue by the Board on
2
Adrift Limited
(Registration number: 08655631)
Abbreviated Balance Sheet at 31 December 2015
......... continued
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3
Adrift Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Leasehold property |
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Stock
Deferred tax
Hire purchase and leasing
Financial instruments
Adrift Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 January 2015 |
23,252 |
23,252 |
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Additions |
1,666 |
1,666 |
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At 31 December 2015 |
24,918 |
24,918 |
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Depreciation |
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At 1 January 2015 |
1,631 |
1,631 |
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Charge for the year |
1,933 |
1,933 |
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At 31 December 2015 |
3,564 |
3,564 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
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Share capital |
Allotted, called up and fully paid shares
31 December 2015 |
31 December 2014 |
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No. |
£ |
No. |
£ |
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