Applied Dynamic Systems Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02938580

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

APPLIED DYNAMIC SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J G Billett

C M G Rennie

SECRETARY:

K J Thompson

REGISTERED OFFICE:

Calibration House

Halesfield 7

Telford

Shropshire

TF7 4QL

REGISTERED NUMBER:

02938580

AUDITORS:

Davies Grindrod & Co

Chartered Accountants & Registered Auditors

11 Queen Street

Wellington

Telford

Shropshire

TF1 1EH

CURRENT ASSETS

Debtors

3

1

27,420

TOTAL ASSETS LESS CURRENT LIABILITIES

1

27,420

CAPITAL AND RESERVES

Called up share capital

1

112,000

Retained earnings

-

(84,580

)

SHAREHOLDERS' FUNDS

1

27,420

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 Board of Directors on 18 December 2017 and were signed on its behalf by:

J G Billett - Director

1.	STATUTORY INFORMATION

Applied Dynamic Systems Limited is a private company, limited by shares , registered in Not specified/Other.

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.

Preparation of consolidated financial statements

The financial statements contain information about Applied Dynamic Systems Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations or future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will,

by definition, seldom equal the actual results. In the opinion of the directors there are no estimates nor

assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and

liabilities within the next financial year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

1

27,420

4.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Davies Grindrod & Co

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Keysight Technologies UK Limited.

The ultimate controlling party is Keysight Technologies Inc.