Adcas (1997) Limited - Accounts to registrar (filleted) - small 18.2

Adcas (1997) Limited - Accounts to registrar (filleted) - small 18.2

ADCAS (1997) LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.2.0.366 03381038 Board of Directors 1.1.19 31.12.19 31.12.19 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure033810382018-12-31033810382019-12-31033810382019-01-012019-12-31033810382017-12-31033810382018-01-012018-12-31033810382018-12-3103381038ns16:EnglandWales2019-01-012019-12-3103381038ns15:PoundSterling2019-01-012019-12-3103381038ns11:Director12019-01-012019-12-3103381038ns11:PrivateLimitedCompanyLtd2019-01-012019-12-3103381038ns11:SmallEntities2019-01-012019-12-3103381038ns11:AuditExempt-NoAccountantsReport2019-01-012019-12-3103381038ns11:SmallCompaniesRegimeForDirectorsReport2019-01-012019-12-3103381038ns11:SmallCompaniesRegimeForAccounts2019-01-012019-12-3103381038ns11:AbridgedAccounts2019-01-012019-12-3103381038ns11:Director22019-01-012019-12-3103381038ns11:Director32019-01-012019-12-3103381038ns11:Director42019-01-012019-12-3103381038ns11:CompanySecretary12019-01-012019-12-3103381038ns11:RegisteredOffice2019-01-012019-12-3103381038ns6:CurrentFinancialInstruments2019-12-3103381038ns6:CurrentFinancialInstruments2018-12-3103381038ns6:ShareCapital2019-12-3103381038ns6:ShareCapital2018-12-3103381038ns6:CapitalRedemptionReserve2019-12-3103381038ns6:CapitalRedemptionReserve2018-12-3103381038ns6:RetainedEarningsAccumulatedLosses2019-12-3103381038ns6:RetainedEarningsAccumulatedLosses2018-12-3103381038ns6:PlantMachinery2019-01-012019-12-3103381038ns6:FurnitureFittings2019-01-012019-12-3103381038ns6:DeferredTaxation2018-12-3103381038ns6:DeferredTaxation2019-01-012019-12-3103381038ns6:DeferredTaxation2019-12-31
REGISTERED NUMBER: 03381038 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

ADCAS (1997) LIMITED
ADCAS (1997) LIMITED (REGISTERED NUMBER: 03381038)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADCAS (1997) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: Mr S D Keightley
Mr C S Keightley
Mr M Lake
Mrs W M Shepherdson





SECRETARY: Mr S D Keightley





REGISTERED OFFICE: 23 Yarm Road
Stockton on Tees
TS18 3NJ





REGISTERED NUMBER: 03381038 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ
Page 1
ADCAS (1997) LIMITED (REGISTERED NUMBER: 03381038)

ABRIDGED BALANCE SHEET
31 DECEMBER 2019

31/12/19 31/12/18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,721 72,519

CURRENT ASSETS
Stocks 94,204 79,166
Debtors 367,325 456,586
Cash at bank and in hand 475,795 309,123
937,324 844,875
CREDITORS
Amounts falling due within one year 387,464 385,514
NET CURRENT ASSETS 549,860 459,361
TOTAL ASSETS LESS CURRENT
LIABILITIES
623,581
531,880

PROVISIONS FOR LIABILITIES 5 13,148 12,732
NET ASSETS 610,433 519,148

CAPITAL AND RESERVES
Called up share capital 1,100 1,025
Capital redemption reserve 825 825
Retained earnings 608,508 517,298
SHAREHOLDERS' FUNDS 610,433 519,148

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
ADCAS (1997) LIMITED (REGISTERED NUMBER: 03381038)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 21 September 2020 and
were signed on its behalf by:





Mr S D Keightley - Director


The notes form part of these financial statements

Page 3
ADCAS (1997) LIMITED (REGISTERED NUMBER: 03381038)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Adcas (1997) 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
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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 24 (2018 - 22 ) .

Page 4 continued...
ADCAS (1997) LIMITED (REGISTERED NUMBER: 03381038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019 318,616
Additions 23,535
Disposals (599 )
At 31 December 2019 341,552
DEPRECIATION
At 1 January 2019 246,097
Charge for year 22,333
Eliminated on disposal (599 )
At 31 December 2019 267,831
NET BOOK VALUE
At 31 December 2019 73,721
At 31 December 2018 72,519

5. PROVISIONS FOR LIABILITIES
31/12/19 31/12/18
£    £   
Deferred tax 13,148 12,732

Deferred
tax
£   
Balance at 1 January 2019 12,732
Provided during year 416
Balance at 31 December 2019 13,148

6. ULTIMATE CONTROLLING PARTY

There is no controlling party.

Page 5