Adcock Financial Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04268333 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Adcock Financial Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P J Adcock

SECRETARY:

J Adcock

REGISTERED OFFICE:

10 Milton Court

Ravenshead

Nottinghamshire

NG15 9BD

REGISTERED NUMBER:

04268333 (England and Wales)

FIXED ASSETS

Tangible assets

2

4,568

4,870

CURRENT ASSETS

Stocks

28,105

28,220

Debtors

19,652

21,894

Cash at bank

3,295

8,879

51,052

58,993

CREDITORS

Amounts falling due within one year

23,842

32,112

NET CURRENT ASSETS

27,210

26,881

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,778

31,751

PROVISIONS FOR LIABILITIES

757

783

NET ASSETS

31,021

30,968

CAPITAL AND RESERVES

Called up share capital

3

7,147

Share premium

15,515

Profit and loss account

8,359

8,306

SHAREHOLDERS' FUNDS

31,021

30,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 13 July 2017 and were signed by:

P J Adcock - 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 services, 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.

Equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

33,007

Additions

1,220

At 31 October 2016

34,227

DEPRECIATION

At 1 November 2015

28,137

Charge for year

1,522

At 31 October 2016

29,659

NET BOOK VALUE

At 31 October 2016

4,568

At 31 October 2015

4,870

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5,660

Ordinary

1

5,660

1,485

'A' ordinary

1

1,485

2

'B' ordinary

1

2

7,147

4.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the director.