ADC Accountants Limited - Limited company - abbreviated - 11.6

ADC Accountants Limited - Limited company - abbreviated - 11.6

ADC ACCOUNTANTS LIMITED - Company Information

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REGISTERED NUMBER: 07045163 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

ADC ACCOUNTANTS LIMITED

ADC ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07045163)






CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 October 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ADC ACCOUNTANTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2014







DIRECTORS: I A Barnes
S Hodson





REGISTERED OFFICE: 15 Market Street
Standish
Wigan
Lancashire
WN6 0HW





REGISTERED NUMBER: 07045163 (England and Wales)





ACCOUNTANTS: A Dickinson & Co
Chartered Cert. Accountants
15 Market Street
Standish
Wigan
Lancashire
WN6 0HW
Page 1
ADC ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07045163)

ABBREVIATED BALANCE SHEET
31 October 2014

31.10.14 31.10.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 94,500 113,400
Tangible assets 3 11,014 12,567
105,514 125,967

CURRENT ASSETS
Stocks 48,276 13,080
Debtors 28,182 31,613
Cash at bank and in hand 3,525 5,405
79,983 50,098
CREDITORS
Amounts falling due within one year 181,886 159,070
NET CURRENT LIABILITIES (101,903 ) (108,972 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,611 16,995

CAPITAL AND RESERVES
Called up share capital 4 490 490
Profit and loss account 3,121 16,505
SHAREHOLDERS' FUNDS 3,611 16,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 July 2015 and were signed on its
behalf by:





S Hodson - Director


The notes form part of these abbreviated accounts

Page 2
ADC ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07045163)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 31 October 2014

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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company
qualifies as a small company.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, 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.

Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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 the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013
and 31 October 2014 189,000
AMORTISATION
At 1 November 2013 75,600
Amortisation for year 18,900
At 31 October 2014 94,500
NET BOOK VALUE

At 31 October 2014 94,500
At 31 October 2013 113,400

Page 3 continued...
ADC ACCOUNTANTS LIMITED (REGISTERED NUMBER: 07045163)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 October 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013 22,832
Additions 2,118
At 31 October 2014 24,950
DEPRECIATION
At 1 November 2013 10,265
Charge for year 3,671
At 31 October 2014 13,936
NET BOOK VALUE
At 31 October 2014 11,014
At 31 October 2013 12,567

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.14 31.10.13
value: £    £   
100 Ordinary £1 100 100
390 Class A - non voting £1 390 390
490 490

Page 4