ADXBA Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06539674 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

ADXBA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J A Kerr

T R Dixon

A K Claxton

SECRETARY:

J A Kerr

REGISTERED OFFICE:

Unit 2

Clarendon Industrial Estate

Hyde

Cheshire

SK14 2EW

REGISTERED NUMBER:

06539674 (England and Wales)

ACCOUNTANTS:

Strathmore Accountants Limited

3rd Floor, Ivy Mill,

Crown Street,

Failsworth

Manchester

M35 9BG

FIXED ASSETS

Tangible assets

2

50,774

58,718

CURRENT ASSETS

Stocks

33,500

Debtors

599,376

769,572

Cash at bank and in hand

26,134

35,905

659,010

838,977

CREDITORS

Amounts falling due within one year

(568,978

)

(647,626

)

NET CURRENT ASSETS

90,032

191,351

TOTAL ASSETS LESS CURRENT
LIABILITIES

140,806

250,069

CREDITORS

Amounts falling due after more than one
year

(15,275

)

(209,051

)

PROVISIONS FOR LIABILITIES

(10,155

)

(11,744

)

NET ASSETS

115,376

29,274

CAPITAL AND RESERVES

Called up share capital

3

2,500

Profit and loss account

112,876

26,774

SHAREHOLDERS' FUNDS

115,376

29,274

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 directors acknowledge their 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 Board of Directors on 16 May 2017 and were signed on its behalf by:

J A Kerr - Director

T R Dixon - Director

1.	ACCOUNTING POLICIES

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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

162,647

Additions

12,975

At 31 August 2016

175,622

DEPRECIATION

At 1 September 2015

103,929

Charge for year

20,919

At 31 August 2016

124,848

NET BOOK VALUE

At 31 August 2016

50,774

At 31 August 2015

58,718

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2,500

Ordinary

£1

2,500