ADSTRAL_LTD - Accounts

ADSTRAL LIMITED - Company Information

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Company Registration No. 07447809 (England and Wales)

ADSTRAL LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

ADSTRAL LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ADSTRAL LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

40,740

26,212

Current assets

Debtors

160,304

210,041

Cash at bank and in hand

152,735

133,758

313,039

343,799

Creditors: amounts falling due within one year

(127,434)

(338,442)

Net current assets

185,605

5,357

Total assets less current liabilities

226,345

31,569

Capital and reserves

Called up share capital

Profit and loss account

226,344

31,568

Shareholder's funds

226,345

31,569

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

Directors' responsibilities:

The member has 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 8 February 2017

Mr A G Day

Director

Company Registration No. 07447809

ADSTRAL LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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 goods and services net of VAT and trade discounts.

1.4

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:

Plant and machinery

33% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 December 2015

97,036

Additions

34,594

At 30 November 2016

131,630

Depreciation

At 1 December 2015

95,083

Charge for the year

(4,193)

At 30 November 2016

90,890

Net book value

At 30 November 2016

40,740

At 30 November 2015

26,212

ADSTRAL LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £1 each