Abbreviated Company Accounts - ADASTRA SERVICES LIMITED

ADASTRA SERVICES LIMITED - Company Information

05876362 ADASTRA SERVICES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 05876362 2013-01-01 2013-12-31 05876362 2013-12-31 05876362 2012-12-31 05876362 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05876362 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05876362

ADASTRA SERVICES LIMITED

Abbreviated Accounts

31 December 2013

ADASTRA SERVICES LIMITED Registered Number 05876362

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	20,449	2,436
Investments	3	210,002	700,001
		230,451	702,437
Current assets
Debtors		588,712	281,362
Cash at bank and in hand		75,032	40,419
		663,744	321,781
Creditors: amounts falling due within one year		(437,138)	(643,842)
Net current assets (liabilities)		226,606	(322,061)
Total assets less current liabilities		457,057	380,376
Total net assets (liabilities)		457,057	380,376
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		457,056	380,375
Shareholders' funds		457,057	380,376

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 30 September 2014

And signed on their behalf by:
MR. THOMAS MICHAEL MAHER, Director

ADASTRA SERVICES LIMITED Registered Number 05876362

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% straight line
Motor Vehicles - 25% straight line

Other accounting policies
Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

All fixed assets are initially recorded at cost.

2Tangible fixed assets

	£
Cost
At 1 January 2013	16,186
Additions	24,687
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	40,873
Depreciation
At 1 January 2013	13,750
Charge for the year	6,674
On disposals	-
At 31 December 2013	20,424
Net book values
At 31 December 2013	20,449
At 31 December 2012	2,436

3Fixed assets Investments
Investments

COST
At 1 January 2013 £700,001
Additions £40,001
Disposals £(530,000)
At 31 December 2013 210,002

DEPRECIATION
At 1 January 2013 Nil
Charge for year Nil
At 31 December 2013 Nil

NET BOOK VALUE
At 31 December 2013 £210,002
At 31 December 2012 £700,001

The company has invested £1 in B shares of Evergreen Life Organisation Ltd. The loan of £700,000 is unsecured and bears interest at 5% p.a. During the year, loan advanced amounted to £40,000 and loan repaid by Evergreen Life Organisation Ltd amounted to £530,000. The remaining loan balance of £210,000 has been fully received after year end.

The company has acquired all the shares in Willow Bourne Ltd during the year ended 31 December 2013. Willow Bourne Ltd has been incorporated on 23 September 2013.

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary share of £1 each	1	1

ULTIMATE PARENT COMPANY

During the year, the company was wholly owned by Adastra LLC. On 22/04/2014, Adastra LLC transferred all its shares to Mr Thomas Michael Maher and Mrs Tracey Jane Maher.