Abbreviated Company Accounts - ADAPT ENERGY LTD

07555357 ADAPT ENERGY LTD 2015-12-31 false 2015-01-01 2015-12-31 true 07555357 2015-01-01 2015-12-31 07555357 2015-12-31 07555357 2014-12-31 07555357 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 07555357 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 07555357

ADAPT ENERGY LTD

Abbreviated Accounts

31 December 2015

ADAPT ENERGY LTD Registered Number 07555357

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,652	4,500
		8,652	4,500
Current assets
Stocks		16,336	26,815
Debtors		46,631	26,585
Cash at bank and in hand		22,178	58,877
		85,145	112,277
Creditors: amounts falling due within one year		(113,487)	(169,251)
Net current assets (liabilities)		(28,342)	(56,974)
Total assets less current liabilities		(19,690)	(52,474)
Total net assets (liabilities)		(19,690)	(52,474)
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		(19,700)	(52,484)
Shareholders' funds		(19,690)	(52,474)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 September 2016

And signed on their behalf by:
S M Emms, Director
J R Gleed, Director

ADAPT ENERGY LTD Registered Number 07555357

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with statements of standard accounting practice and financial reporting standards issued by UK accountancy bodies. The particular accounting policies adopted are described below.

Accounting convention

The financial statements have been prepared under the historical cost convention

Turnover policy
Turnover represents the net amount invoiced for goods and services less trade discounts excluding value added tax, plus work in progress and attributable to one activity carried on in the UK

Tangible assets depreciation policy
Depreciation is provided on a basis to write off the cost over the estimated lives of the assets. The rates of depreciation are as follows:

Leasehold Improvements Over 5 years straight line
Plant & Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office Equipment 25% on reducing balance
Fixtures & Fittings 25% on reducing balance

Other accounting policies
Deferred taxation

Deferred taxation is provided on all timing differences arising from the inclusion of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements, except where the tax reduction is expected to continue for the future.

2Tangible fixed assets

	£
Cost
At 1 January 2015	6,000
Additions	9,287
Disposals	(3,000)
Revaluations	-
Transfers	-
At 31 December 2015	12,287
Depreciation
At 1 January 2015	1,500
Charge for the year	2,885
On disposals	(750)
At 31 December 2015	3,635
Net book values
At 31 December 2015	8,652
At 31 December 2014	4,500

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10 Ordinary shares of £1 each	10	10

Gleemms Limited is the ultimate holding company, which is owned as to 80% by the S M Emms and J R Gleed directors of Adapt Energy Limited