Adept Software Consultancy Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05781115 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Adept Software Consultancy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Smith

Mrs S Smith

M Gibbs

SECRETARY:

D J Smith

REGISTERED OFFICE:

Regus House

1010 Cambourne Business Park

Cambourne

Cambridgeshire

CB23 6DP

REGISTERED NUMBER:

05781115 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Limited

69 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Intangible assets

2

8,400

12,600

Tangible assets

3

9,484

1,745

17,884

14,345

CURRENT ASSETS

Debtors

94,971

76,546

Prepayments and accrued income

4,544

6,713

Cash at bank

53,018

87,410

152,533

170,669

CREDITORS

Amounts falling due within one year

101,497

120,777

NET CURRENT ASSETS

51,036

49,892

TOTAL ASSETS LESS CURRENT LIABILITIES

68,920

64,237

CREDITORS

Amounts falling due after more than one year

4,970

-

NET ASSETS

63,950

64,237

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

63,850

64,137

SHAREHOLDERS' FUNDS

63,950

64,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 2 October 2014 and were signed on its behalf by:

D J Smith - Director

Mrs S Smith - 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 services, including the sales value of work carried out during the year

which was not billed until after the year end.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

42,000

AMORTISATION

At 1 May 2013

29,400

Amortisation for year

4,200

At 30 April 2014

33,600

NET BOOK VALUE

At 30 April 2014

8,400

At 30 April 2013

12,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

12,596

Additions

9,270

At 30 April 2014

21,866

DEPRECIATION

At 1 May 2013

10,851

Charge for year

1,531

At 30 April 2014

12,382

NET BOOK VALUE

At 30 April 2014

9,484

At 30 April 2013

1,745

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

100

Ordinary

1

100

100