Adam Business Consulting Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC373139 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Adam Business Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Adam

REGISTERED OFFICE:

29 Burnbrae Avenue

Bonnyrigg

Lothian

EH19 3FN

REGISTERED NUMBER:

SC373139 (Scotland)

ACCOUNTANTS:

Helen Lowe Ltd

17-21 East Mayfield

Edinburgh

EH9 1SE

CURRENT ASSETS

Debtors

5

22,824

7,550

Cash at bank

11

12,147

22,835

19,697

CREDITORS

Amounts falling due within one year

6

19,637

19,247

NET CURRENT ASSETS

3,198

450

TOTAL ASSETS LESS CURRENT LIABILITIES

3,198

450

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,098

350

SHAREHOLDERS' FUNDS

3,198

450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 7 December 2017 and were signed by:

K Adam - Director

1.	STATUTORY INFORMATION

Adam Business Consulting Ltd is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

25% straight line

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

3,276

DEPRECIATION

At 1 April 2016

and 31 March 2017

3,276

NET BOOK VALUE

At 31 March 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

14,250

4,950

Other debtors

8,574

2,600

22,824

7,550

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

3,101

-

Trade creditors

1,441

721

Taxation and social security

15,095

18,526

19,637

19,247

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

K Adam

Balance outstanding at start of year

2,600

9,000

Amounts advanced

59,200

57,100

Amounts repaid

(53,225

)

(63,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,575

2,600

8.	RELATED PARTY DISCLOSURES

9.	FIRST YEAR ADOPTION

There have been no changes to the accounting policies as a result of the transition to FRS 102 section 1A.

The financial position and performance for the current and previous year has not been affected by the transition

from Financial Reporting Standard for Smaller Entities (effective January 2015) to FRS 102 section 1A.