Adastra Access Holdings Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05986064 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2014

for

Adastra Access Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E Jones

K Hayes

K D Goundrey

S McCaw

SECRETARY:

K D Goundrey

REGISTERED OFFICE:

40 Middlemore Lane West

Aldridge

Walsall

West Midlands

WS9 8EF

REGISTERED NUMBER:

05986064 (England and Wales)

ACCOUNTANTS:

Cox & Co

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Investments

2

43,694

43,694

CURRENT ASSETS

Debtors

3

1,648,205

1,245,828

Cash at bank

912

5,159

TOTAL ASSETS LESS CURRENT LIABILITIES

1,692,811

1,294,681

CREDITORS

Amounts falling due after more than one year

4

(1,561,200

)

(1,185,700

)

NET ASSETS

131,611

108,981

CAPITAL AND RESERVES

Called up share capital

5

25,932

2,932

Share premium

106,315

106,315

Profit and loss account

(636

)

(266

)

SHAREHOLDERS' FUNDS

131,611

108,981

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 September 2015 and were signed on its behalf by:

K D Goundrey - Director

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).

Preparation of consolidated financial statements

The financial statements contain information about Adastra Access Holdings Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related

Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

Deferred tax

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

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

43,694

NET BOOK VALUE

At 31 December 2014

43,694

At 31 December 2013

43,694

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Adastra Access Limited

Nature of business: Platform access services

%

Class of shares:

holding

Ordinary

100.00

31.12.14

31.12.13

£

£

Aggregate capital and reserves

778,486

561,423

Profit for the year

217,063

215,621

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1,648,205 (31.12.13 - £ 1,245,828 )

4.

CREDITORS

Creditors include an amount of £ 1,561,200 (31.12.13 - £ 1,185,700 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

25,932

Ordinary

£1

25,932

2,932

(31.12.13 - 2,932 )

23,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.