Adeptium Consulting Limited - Period Ending 2016-06-30

Registration number: 07284181

Adeptium Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Adeptium Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Adeptium Consulting Limited
(Registration number: 07284181)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					450			661
Current assets
Debtors					9,691			10,528
Cash at bank and in hand					4,779			7,089
					14,470			17,617
Creditors: Amounts falling due within one year					(14,109)			(15,056)
Net current assets					361			2,561
Total assets less current liabilities					811			3,222
Provisions for liabilities					(90)			(132)
Net assets					721			3,090
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					720			3,089
Shareholders' funds					721			3,090

For the year ending 30 June 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 director acknowledges his 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 director on 28 March 2017

.........................................
Mr J S Green
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Adeptium Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 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
Computer equipment	33.33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Adeptium Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		3,787			3,787
Additions		242			242
At 30 June 2016		4,029			4,029
Depreciation
At 1 July 2015		3,126			3,126
Charge for the year		453			453
At 30 June 2016		3,579			3,579
Net book value
At 30 June 2016		450			450
At 30 June 2015		661			661

3	Share capital

Allotted, called up and fully paid shares

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

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