Abbreviated Company Accounts - ADCOMPASS LTD.

08757664 ADCOMPASS LTD. 2016-03-31 false 2015-04-01 2016-03-31 true 08757664 2015-04-01 2016-03-31 08757664 2016-03-31 08757664 2015-03-31 08757664 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08757664 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08757664

ADCOMPASS LTD.

Abbreviated Accounts

31 March 2016

ADCOMPASS LTD. Registered Number 08757664

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,814	618
		4,814	618
Current assets
Stocks		48,986	40,566
Debtors		387,157	146,485
Cash at bank and in hand		67,094	83,073
		503,237	270,124
Creditors: amounts falling due within one year		(381,240)	(222,682)
Net current assets (liabilities)		121,997	47,442
Total assets less current liabilities		126,811	48,060
Provisions for liabilities		(963)	(124)
Total net assets (liabilities)		125,848	47,936
Capital and reserves
Called up share capital	3	448	500
Share premium account		49,500	49,500
Other reserves		52	-
Profit and loss account		75,848	(2,064)
Shareholders' funds		125,848	47,936

For the year ending 31 March 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 16 December 2016

And signed on their behalf by:
MR A MARKOU, Director
MS K MORGAN, Director

ADCOMPASS LTD. Registered Number 08757664

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 33% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	694
Additions	5,563
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	6,257
Depreciation
At 1 April 2015	76
Charge for the year	1,367
On disposals	-
At 31 March 2016	1,443
Net book values
At 31 March 2016	4,814
At 31 March 2015	618

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

	2016 £	2015 £
44,846 Ordinary shares of £0.01 each (50,000 shares for 2015)	448	500