ADE MCADIO LIMITED

ADE MCADIO LIMITED

ADE MCADIO LIMITED - Company Information

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1 September 2015 false No description of principal activity Taxfiler 2017.6.Web 08666167business:PrivateLimitedCompanyLtd2015-09-012016-08-31 086661672015-08-31 086661672015-09-012016-08-31 08666167business:AuditExemptWithAccountantsReport2015-09-012016-08-31 08666167business:FullAccounts2015-09-012016-08-31 086661672016-08-31 08666167business:Director12015-09-012016-08-31 08666167business:Director22015-09-012016-08-31 08666167business:RegisteredOffice2015-09-012016-08-31 086661672015-08-31 08666167core:WithinOneYear2016-08-31 08666167core:WithinOneYear2015-08-31 08666167core:ShareCapital2016-08-31 08666167core:ShareCapital2015-08-31 08666167core:RetainedEarningsAccumulatedLosses2016-08-31 08666167core:RetainedEarningsAccumulatedLosses2015-08-31 08666167business:SmallEntities2015-09-012016-08-31 08666167countries:EnglandWales2015-09-012016-08-31 08666167core:ComputerEquipment2015-09-012016-08-31 08666167core:PlantMachinery2015-08-31 08666167core:ComputerEquipment2015-08-31 08666167core:PlantMachinery2015-09-012016-08-31 08666167core:PlantMachinery2016-08-31 08666167core:ComputerEquipment2016-08-31 086661672014-09-012015-08-31 iso4217:GBP xbrli:pure
Company Registration No. 08666167 (England and Wales)
ADE MCADIO LIMITED Annual report and unaudited accounts for the year ended 31 August 2016
ADE MCADIO LIMITED Annual report and unaudited accounts Contents
Page
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ADE MCADIO LIMITED Company Information for the year ended 31 August 2016
Directors
Adebisi ADETOSOYE Adebisi ADETOSOYE
Company Number
08666167 (England and Wales)
Registered Office
I2 OFFICE THE PINNACLE MIDSUMMER BOULEVARD MILTON KEYNES MK9 1BP
Accountants
Alexander Rosse Limited 153 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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ADE MCADIO LIMITED Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ADE MCADIO LIMITED for the year ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ADE MCADIO LIMITED for the year ended 31 August 2016 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Alexander Rosse Limited Chartered Accountants 153 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD 3 April 2017
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ADE MCADIO LIMITED Statement of financial position as at 31 August 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,604 
2,472 
Current assets
Debtors
5
2,000 
3,600 
Cash at bank and in hand
41,961 
35,489 
43,961 
39,089 
Creditors: amounts falling due within one year
6
(47,709)
(36,110)
Net current (liabilities)/assets
(3,748)
2,979 
Net (liabilities)/assets
(1,144)
5,451 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,146)
5,449 
Shareholders' funds
(1,144)
5,451 
For the year ending 31 August 2016 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 27 April 2017.
Adebisi ADETOSOYE Director Company Registration No. 08666167
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ADE MCADIO LIMITED Notes to the Accounts for the year ended 31 August 2016
1
Statutory information
ADE MCADIO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08666167. The registered office and principal place of business is I2 OFFICE THE PINNACLE, MIDSUMMER BOULEVARD, MILTON KEYNES, MK9 1BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2015
462 
2,273 
2,735 
Additions
- 
1,008 
1,008 
At 31 August 2016
462 
3,281 
3,743 
Depreciation
At 1 September 2015
32 
231 
263 
Charge for the year
115 
761 
876 
At 31 August 2016
147 
992 
1,139 
Net book value
At 31 August 2016
315 
2,289 
2,604 
At 31 August 2015
430 
2,042 
2,472 
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ADE MCADIO LIMITED Notes to the Accounts for the year ended 31 August 2016
5
Debtors
2016 
2015 
£ 
£ 
Trade debtors
- 
3,600 
Other debtors
2,000 
- 
2,000 
3,600 
6
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Corporation tax
4,570 
5,710 
Other taxes and social security costs
953 
8,293 
Other creditors
97 
- 
Loans from directors
42,089 
22,107 
47,709 
36,110 
7
Average number of employees
During the year the average number of employees was 0 (2015: 0).
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