ADI Solutions (Ltd.) - Period Ending 2017-02-28

Registration number: 3514135

ADI Solutions (Ltd.)

trading as ADI Solutions

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

Robert Evans FCA
23 Clifton Hill
St John's Wood
London
NW8 0QE

ADI Solutions (Ltd.)
trading as ADI Solutions
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ADI Solutions (Ltd.)
trading as ADI Solutions
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ADI Solutions (Ltd.) for the year ended 29 February 2016 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 ADI Solutions (Ltd.), 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 ADI Solutions (Ltd.) 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 ADI Solutions (Ltd.) and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ADI Solutions (Ltd.) 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 ADI Solutions (Ltd.). You consider that ADI Solutions (Ltd.) 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 ADI Solutions (Ltd.). 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.

......................................

Robert Evans FCA
23 Clifton Hill
St John's Wood
London
NW8 0QE

27 April 2016

Page 1

ADI Solutions (Ltd.)
trading as ADI Solutions
(Registration number: 3514135)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,088			2,676
Current assets
Debtors		3			153,237			134,960
Cash at bank and in hand					173,723			152,639
					326,960			287,599
Creditors: Amounts falling due within one year					(58,156)			(23,740)
Net current assets					268,804			263,859
Net assets					269,892			266,535
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					269,890			266,533
Shareholders' funds					269,892			266,535

For the year ending 29 February 2016 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 27 April 2016 and signed on its behalf by:

.........................................
Mr Angus Howie
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

ADI Solutions (Ltd.)
trading as ADI Solutions
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Freehold improvements	Reducing balance at 33%
Computer equipment	Reducing balance at 33%
Projectors and equipment	Reducing balance at 33%

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

ADI Solutions (Ltd.)
trading as ADI Solutions
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		21,459			21,459
At 29 February 2016		21,459			21,459
Depreciation
At 1 March 2015		18,783			18,783
Charge for the year		1,588			1,588
At 29 February 2016		20,371			20,371
Net book value
At 29 February 2016		1,088			1,088
At 28 February 2015		2,676			2,676

3

Debtors

Debtors includes £50,000 (2015 - £50,000) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4