Abbreviated Company Accounts - ADPGIANT LIMITED

Abbreviated Company Accounts - ADPGIANT LIMITED

ADPGIANT LIMITED - Company Information

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Registered Number 05319639

ADPGIANT LIMITED

Abbreviated Accounts

31 December 2013

ADPGIANT LIMITED Registered Number 05319639

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 25,348 25,822
25,348 25,822
Current assets
Debtors 4,768 6,113
Cash at bank and in hand 3,869 17,373
8,637 23,486
Creditors: amounts falling due within one year (11,518) (10,227)
Net current assets (liabilities) (2,881) 13,259
Total assets less current liabilities 22,467 39,081
Provisions for liabilities (1,716) (1,346)
Total net assets (liabilities) 20,751 37,735
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,750 37,734
Shareholders' funds 20,751 37,735
  • For the year ending 31 December 2013 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 24 September 2014

And signed on their behalf by:
Mr A R Davies, Director

ADPGIANT LIMITED Registered Number 05319639

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office and computer equipment - 25% on reducing balance

Other accounting policies
DEFERRED TAX
Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the director, there is reasonable probability that the liability will not arise in the foreseeable future.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result

2Tangible fixed assets
£
Cost
At 1 January 2013 64,690
Additions 4,907
Disposals (7,599)
Revaluations -
Transfers -
At 31 December 2013 61,998
Depreciation
At 1 January 2013 38,868
Charge for the year 4,599
On disposals (6,817)
At 31 December 2013 36,650
Net book values
At 31 December 2013 25,348
At 31 December 2012 25,822

3Transactions with directors

Name of director receiving advance or credit: A R Davies
Description of the transaction: Loan
Balance at 1 January 2013: -
Advances or credits made: £ 6,386
Advances or credits repaid: £ 6,386
Balance at 31 December 2013: £ 0

Interest at 4% was charged on the above loan. An amount of £43 was charged for the year (2012 - £221). The loan was repaid on 6th April 2013.