ADECS Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02741308 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

ADECS LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

5,961

7,596

5,961

7,596

CURRENT ASSETS

Stocks

312

885

Debtors

82,316

94,736

Cash at bank and in hand

30,435

26,612

113,063

122,233

CREDITORS

Amounts falling due within one year

96,646

89,864

NET CURRENT ASSETS

16,417

32,369

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,378

39,965

PROVISIONS FOR LIABILITIES

774

1,009

NET ASSETS

21,604

38,956

CAPITAL AND RESERVES

Called up share capital

4

6,928

9,128

Capital redemption reserve

7,746

5,546

Profit and loss account

6,930

24,282

SHAREHOLDERS' FUNDS

21,604

38,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 December 2016 and were signed by:

A S Bhabra - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Intangible fixed assets

Goodwill, being the amount paid in connection with the acquisition of a business, and franchise fees were

amortised evenly over their estimated useful lives.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

49,317

AMORTISATION

At 1 September 2015

and 31 August 2016

49,317

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

95,264

DEPRECIATION

At 1 September 2015

87,668

Charge for year

1,635

At 31 August 2016

89,303

NET BOOK VALUE

At 31 August 2016

5,961

At 31 August 2015

7,596

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

NIL

Ordinary A

£1

-

2,200

(2015 - 2,200 )

2,946

Ordinary C

£1

2,946

1,000

Ordinary D

£1

1,000

600

Ordinary E

£1

600

1,146

Ordinary F

£1

1,146

5,692

7,892

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

1,236

Share capital B

£1

1,236