ADEPT CONSTRUCTION (KENT) LIMITED

ADEPT CONSTRUCTION (KENT) LIMITED

ADEPT CONSTRUCTION (KENT) LIMITED - Company Information

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ADEPT CONSTRUCTION (KENT) LIMITED

Company Registration Number:
09117316 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 November 2016

End date: 31 October 2017

ADEPT CONSTRUCTION (KENT) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

ADEPT CONSTRUCTION (KENT) LIMITED

Balance sheet

As at 31 October 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 781 669
Total fixed assets: 781 669
Current assets
Stocks: 3,000 3,000
Debtors:   46,822 11,986
Cash at bank and in hand: 1,150 4,288
Total current assets: 50,972 19,274
Creditors: amounts falling due within one year:   (75,050) (44,485)
Net current assets (liabilities): (24,078) (25,211)
Total assets less current liabilities: (23,297) (24,542)
Provision for liabilities: (148) (134)
Total net assets (liabilities): (23,445) (24,676)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (23,545) (24,776)
Shareholders funds: (23,445) (24,676)

The notes form part of these financial statements

ADEPT CONSTRUCTION (KENT) LIMITED

Balance sheet statements

For the year ending 31 October 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2018
and signed on behalf of the board by:

Name: D Shorter
Status: Director

The notes form part of these financial statements

ADEPT CONSTRUCTION (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Plant and Equipment - 25% reducing balance basisMotor Vehicles - 25% reducing balance basis

Valuation and information policy

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Deferred Taxation:Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.Going Concern:The accounts have been prepared on the assumption that the Company is able to carry on business as a going concern, which the Director considers appropriate having regard to the circumstances outlined in the accounts.

ADEPT CONSTRUCTION (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

2. Employees

2017 2016
Average number of employees during the period 1 1

ADEPT CONSTRUCTION (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

3. Tangible Assets

Total
Cost £
At 01 November 2016 1,478
Additions 440
At 31 October 2017 1,918
Depreciation
At 01 November 2016 809
Charge for year 328
At 31 October 2017 1,137
Net book value
At 31 October 2017 781
At 31 October 2016 669

ADEPT CONSTRUCTION (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

4. Loans to directors

Name of director receiving advance or credit: D Shorter
Description of the loan: A loan of £6431 was made to D Shorter which remains outstanding at the year end. This was the maximum amount owed in the year.
£
Balance at 01 November 2016 0
Advances or credits made: 6,431
Balance at 31 October 2017 6,431