Adar Trade Limited

Adar Trade Limited

ADAR TRADE LIMITED - Company Information

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1 October 2016 false No description of principal activity Taxfiler 2018.4.Web 09040696business:PrivateLimitedCompanyLtd2016-10-012017-09-30 090406962016-09-30 090406962016-10-012017-09-30 09040696business:AuditExemptWithAccountantsReport2016-10-012017-09-30 09040696business:FullAccounts2016-10-012017-09-30 090406962017-09-30 09040696business:Director12016-10-012017-09-30 09040696business:RegisteredOffice2016-10-012017-09-30 090406962016-09-30 09040696core:WithinOneYear2017-09-30 09040696core:WithinOneYear2016-09-30 09040696core:AfterOneYear2017-09-30 09040696core:AfterOneYear2016-09-30 09040696core:ShareCapital2017-09-30 09040696core:ShareCapital2016-09-30 09040696core:RetainedEarningsAccumulatedLosses2017-09-30 09040696core:RetainedEarningsAccumulatedLosses2016-09-30 09040696business:SmallEntities2016-10-012017-09-30 09040696countries:EnglandWales2016-10-012017-09-30 09040696business:OrdinaryShareClass12016-10-012017-09-30 09040696business:OrdinaryShareClass12015-10-012016-09-30 090406962015-10-012016-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09040696 (England and Wales)
Adar Trade Limited Unaudited accounts for the year ended 30 September 2017
Adar Trade Limited Unaudited accounts Contents
Page
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Adar Trade Limited Company Information for the year ended 30 September 2017
Director
S Gutfreund
Company Number
09040696 (England and Wales)
Registered Office
Halleswelle House 1 Halleswelle Road London NW11 0DH
Accountants
Gerald Kreditor & Co Hallswelle House 1 Hallswelle Road London NW11 0DH
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Adar Trade Limited Statement of financial position as at 30 September 2017
2017 
2016 
Notes
£ 
£ 
Current assets
Inventories
4
1,085,840 
31,034 
Debtors
5
210,156 
6,790 
Cash at bank and in hand
394,132 
18,639 
1,690,128 
56,463 
Creditors: amounts falling due within one year
6
(1,471,223)
(3,466)
Net current assets
218,905 
52,997 
Total assets less current liabilities
218,905 
52,997 
Creditors: amounts falling due after more than one year
7
5 
- 
Net assets
218,910 
52,997 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
218,810 
52,897 
Shareholders' funds
218,910 
52,997 
For the year ending 30 September 2017 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 June 2018.
S Gutfreund Director Company Registration No. 09040696
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Adar Trade Limited Notes to the Accounts for the year ended 30 September 2017
1
Statutory information
Adar Trade Limited is a private company, limited by shares, registered in England and Wales, registration number 09040696. The registered office is Halleswelle House, 1 Halleswelle Road, London, NW11 0DH.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Presentation currency
The accounts are presented in £ sterling.
4
Inventories
2017 
2016 
£ 
£ 
Finished goods
1,085,840 
31,034 
1,085,840 
31,034 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
71,314 
- 
Other debtors
138,842 
6,790 
210,156 
6,790 
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Adar Trade Limited Notes to the Accounts for the year ended 30 September 2017
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
632,583 
- 
Taxes and social security
40,187 
3,116 
Other creditors
797,853 
- 
Accruals
600 
350 
1,471,223 
3,466 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Taxes and social security
(5)
- 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
No one single party was under control of the company during the current period. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.
10
Average number of employees
During the year the average number of employees was 2 (2016: 2).
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