Adam Business Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC373139 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Adam Business Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Adam

REGISTERED OFFICE:

29 Burnbrae Avenue

Bonnyrigg

Lothian

EH19 3FN

REGISTERED NUMBER:

SC373139 (Scotland)

ACCOUNTANTS:

Helen Lowe Ltd

17-21 East Mayfield

Edinburgh

EH9 1SE

CURRENT ASSETS

Debtors

5

22,971

22,824

Cash at bank

11

11

22,982

22,835

CREDITORS

Amounts falling due within one year

6

22,564

19,637

NET CURRENT ASSETS

418

3,198

TOTAL ASSETS LESS CURRENT LIABILITIES

418

3,198

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

318

3,098

SHAREHOLDERS' FUNDS

418

3,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 December 2018 and were signed by:

K Adam - Director

1.	STATUTORY INFORMATION

Adam Business Consulting Ltd is a private company, limited by shares , registered in Scotland. The 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

25% straight line

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

3,276

DEPRECIATION

At 1 April 2017

and 31 March 2018

3,276

NET BOOK VALUE

At 31 March 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

6,185

14,250

Other debtors

16,786

8,574

22,971

22,824

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

3,196

3,101

Trade creditors

2,221

1,441

Taxation and social security

17,147

15,095

22,564

19,637

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

31.3.18

31.3.17

£

£

K Adam

Balance outstanding at start of year

8,575

2,600

Amounts advanced

28,545

59,200

Amounts repaid

(20,334

)

(53,225

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,786

8,575

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £13,400 were paid to the director .