A.D.S. Asbestos Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07521871 (England and Wales)

Abbreviated Accounts For The Year Ended 28 February 2014

for

A.D.S. ASBESTOS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

B Fuller

P Fuller

SECRETARY:

Mrs K Fuller

REGISTERED OFFICE:

9 Britannia Court

Basildon

Essex

SS13 1EU

REGISTERED NUMBER:

07521871 (England and Wales)

ACCOUNTANTS:

Mike Curham

150 Furtherwick Road

Canvey Island

Essex

SS8 7AL

FIXED ASSETS

Tangible assets

2

45,890

15,117

CURRENT ASSETS

Stocks

23,642

5,809

Debtors

245,427

73,785

Cash at bank

24,833

23,399

293,902

102,993

CREDITORS

Amounts falling due within one year

275,854

121,416

NET CURRENT ASSETS/(LIABILITIES)

18,048

(18,423

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,938

(3,306

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

63,838

(3,406

)

SHAREHOLDERS' FUNDS

63,938

(3,306

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 December 2014 and were signed on its behalf by:

B Fuller - Director

P Fuller - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

23,620

Additions

60,458

Disposals

(14,795

)

At 28 February 2014

69,283

DEPRECIATION

At 1 March 2013

8,503

Charge for year

14,890

At 28 February 2014

23,393

NET BOOK VALUE

At 28 February 2014

45,890

At 28 February 2013

15,117

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/14

28/2/13

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

28 February 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Mike Curham

150 Furtherwick Road

Canvey Island

Essex

SS8 7AL

Date: .............................................