A D Installations & Contracting Limited Filleted accounts for Companies House (small and micro)
A D Installations & Contracting Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07414348
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
7 |
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--------- |
--------- |
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Net current liabilities |
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-------- |
-------- |
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Total assets less current liabilities |
(
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(
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-------- |
-------- |
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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-------- |
-------- |
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Shareholders deficit |
(
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(
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-------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
30 July 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07414348
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Notes to the Financial Statements |
Year ended 31 October 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooks House, 1 Albion Place, Maidstone, Kent, ME14 5DY.
2.
Statement of compliance
3.
Accounting policies
Based on the deficit which is being addressed in the subsequent trading the director has deemed it appropriate that the financial statements should be prepared on a going concern basis.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles |
- |
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Equipment |
- |
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A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Tangible assets
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2018 and 31 October 2019 |
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Depreciation |
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At 1 November 2018 |
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Charge for the year |
– |
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------- |
------- |
-------- |
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At 31 October 2019 |
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------- |
-------- |
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Carrying amount |
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At 31 October 2019 |
– |
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------- |
-------- |
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At 31 October 2018 |
– |
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------- |
-------- |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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– |
Other debtors |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Director loan accounts |
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Other creditors |
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8.Director's advances, credits and guarantees
During the year under review the company had related party transactions with its director Mr Adam Davies. These transactions were limited to interest free loans made from the company. At the close of business on 31 October 2019, the director owed the company £293 (2018 company owed the director £908).