Adelux Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08958591 (England and Wales)

Adelux Consulting Limited

Unaudited financial statements

For the year ended

31st March 2019

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

X Adechy

Miss C Pope

Registered office:

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

Business address:

16 Wallace Close

Woodley

Reading

Berkshire

RG5 3HW

Registered number:

08958591 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

Fixed assets

Tangible assets

4

24,432

2,519

Current assets

Debtors

5

9,895

5,088

Cash at bank

20,067

28,994

29,962

34,082

Creditors

Amounts falling due within one year

6

33,009

33,659

Net current (liabilities)/assets

(3,047

)

423

Total assets less current liabilities

21,385

2,942

Creditors

Amounts falling due after more than one year

7

(16,059

)

-

Provisions for liabilities

(4,642

)

(479

)

Net assets

684

2,463

Capital and reserves

Called up share capital

9

100

100

Retained earnings

10

584

2,363

Shareholders' funds

684

2,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 15th December 2019 and were signed on its behalf by:

X Adechy - Director

1.	Statutory information

Adelux Consulting Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue described as turnover, is the value of work (net of VAT) performed during the year with respect to

services.

Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by

reference to the time expended compared to the total anticipated time.

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

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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.

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 profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

3.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st April 2018

664

-

3,098

3,762

Additions

-

28,303

1,931

30,234

At 31st March 2019

664

28,303

5,029

33,996

Depreciation

At 1st April 2018

367

-

876

1,243

Charge for year

98

6,984

1,239

8,321

At 31st March 2019

465

6,984

2,115

9,564

Net book value

At 31st March 2019

199

21,319

2,914

24,432

At 31st March 2018

297

-

2,222

2,519

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

Additions

26,827

At 31st March 2019

26,827

Depreciation

Charge for year

6,707

At 31st March 2019

6,707

Net book value

At 31st March 2019

20,120

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

7,699

1,643

Other debtors

2,196

3,445

9,895

5,088

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Hire purchase contracts

3,489

-

Taxation and social security

2,362

8,263

Other creditors

27,158

25,396

33,009

33,659

7.

Creditors: amounts falling due after more than one year

2019

2018

£

£

Hire purchase contracts

16,059

-

8.	Secured debts

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

19,548

-

Hire purchase contracts are secured on the asset concerned.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

10.

Reserves

Retained

earnings

£

At 1st April 2018

2,363

Profit for the year

25,501

Dividends

(27,280

)

At 31st March 2019

584

11.	Related party disclosures

Included in creditors are total amounts payable to the directors of £26,158 (2018: £23,869). These are

interest free and there are no fixed repayment terms.