Company Registration No. 08521680 (England and Wales)
Adagio Limited
Unaudited accounts
for the year ended 31 August 2018
Adagio Limited
Unaudited accounts
Contents
Adagio Limited
Company Information
for the year ended 31 August 2018
Company Number
08521680 (England and Wales)
Registered Office
100A High Street
Huntingdon
Cambs
PE29 3DP
Accountants
C J Dyke & Company
The Old Police Station
Priory Road
St Ives
Cambs
PE27 5BB
Adagio Limited
Statement of financial position
as at 31 August 2018
Tangible assets
4,759
3,692
Cash at bank and in hand
4,118
6,016
Creditors: amounts falling due within one year
(42,014)
(42,178)
Net current liabilities
(19,431)
(24,080)
Net liabilities
(14,672)
(16,688)
Called up share capital
1
1
Profit and loss account
(14,673)
(16,689)
Shareholders' funds
(14,672)
(16,688)
For the year ending 31 August 2018 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 8 October 2018.
K A Hill
Director
Company Registration No. 08521680
Adagio Limited
Notes to the Accounts
for the year ended 31 August 2018
Adagio Limited is a private company, limited by shares, registered in England and Wales, registration number 08521680. The registered office is 100A High Street, Huntingdon, Cambs, PE29 3DP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2017
18,500
At 1 September 2017
14,800
Adagio Limited
Notes to the Accounts
for the year ended 31 August 2018
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2017
7,416
420
7,836
At 31 August 2018
8,993
1,100
10,093
At 1 September 2017
3,939
205
4,144
Charge for the year
1,011
179
1,190
At 31 August 2018
4,950
384
5,334
At 31 August 2018
4,043
716
4,759
At 31 August 2017
3,477
215
3,692
Finished goods
17,380
9,914
Accrued income and prepayments
1,085
2,168
8
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
308
472
Loans from directors
40,716
40,716
9
Average number of employees
During the year the average number of employees was 4 (2017: 4).
