ADASTRUM_LIMITED - Accounts

ADASTRUM LIMITED - Company Information

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Company Registration No. 05925129 (England and Wales)

ADASTRUM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

ADASTRUM LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ADASTRUM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

24,000

Tangible assets

1,171

1,831

Investments

17,699

16,905

18,870

42,736

Current assets

Debtors

50,485

51,882

Cash at bank and in hand

43,202

23,018

93,687

74,900

Creditors: amounts falling due within one year

(93,266)

(82,455)

Net current assets/(liabilities)

421

(7,555)

Total assets less current liabilities

19,291

35,181

Capital and reserves

Called up share capital

100

Profit and loss account

19,191

35,081

Shareholders' funds

19,291

35,181

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 January 2017

Mr David Agg

Director

Company Registration No. 05925129

ADASTRUM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

Tangible fixed assets and depreciation

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:

Computer equipment

33.3% straight line

Fixtures, fittings & equipment

15% reducing balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 October 2015

240,000

14,273

16,905

271,178

Additions

298

794

1,092

At 30 September 2016

240,000

14,571

17,699

272,270

Depreciation

At 1 October 2015

216,000

12,442

228,442

Charge for the year

24,000

958

24,958

At 30 September 2016

240,000

13,400

253,400

Net book value

At 30 September 2016

1,171

17,699

18,870

At 30 September 2015

24,000

1,831

16,905

42,736

ADASTRUM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100