Adept Trading Limited - Accounts to registrar (filleted) - small 18.2
Adept Trading Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MAY 2018 |
| FOR |
| ADEPT TRADING LIMITED |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MAY 2018 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ADEPT TRADING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MAY 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 47 Calthorpe Road |
| Edgbaston |
| BIRMINGHAM |
| B15 1TH |
| INCORPORATED: |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| ABRIDGED BALANCE SHEET |
| 31ST MAY 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| ABRIDGED BALANCE SHEET - continued |
| 31ST MAY 2018 |
| 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. |
| 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 behalf by: |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MAY 2018 |
| 1. | STATUTORY INFORMATION |
| Adept Trading Limited is a |
| 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 |
| Turnover |
| Turnover represents sales of goods and trade discounts. Turnover is recognised when the goods are |
| physically delivered to the customer. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. |
| Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for |
| slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
| 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. |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension costs and other post-retirement benefits |
| The directors operate a defined contribution pension scheme. Contributions payable to the directors pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st June 2017 |
| and 31st May 2018 |
| DEPRECIATION |
| At 1st June 2017 |
| Charge for year |
| At 31st May 2018 |
| NET BOOK VALUE |
| At 31st May 2018 |
| At 31st May 2017 |
| ADEPT TRADING LIMITED (REGISTERED NUMBER: 09445739) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2018 |
| 5. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 229 | 286 |
| Deferred |
| tax |
| £ |
| Balance at 1st June 2017 |
| Provided during the period | (57 | ) |
| Balance at 31st May 2018 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary A | £1 | 75 | 75 |
| Ordinary B | £1 | 25 | 25 |
| 100 | 100 |