Adflex Limited - Abbreviated accounts 16.3
Adflex Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Adflex Limited |
| Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
| Adflex Limited (Registered number: 02579576) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Adflex Limited |
| Company Information |
| for the Year Ended 29 February 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Adflex Limited (Registered number: 02579576) |
| Abbreviated Balance Sheet |
| 29 February 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| Adflex Limited (Registered number: 02579576) |
| Abbreviated Balance Sheet - continued |
| 29 February 2016 |
| 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 were approved by the Board of Directors on its behalf by: |
| Adflex Limited (Registered number: 02579576) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective January 2015). |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales made during the |
| year and derives from the provision of services falling within the company's ordinary activities. |
| Tangible fixed assets |
| Fixtures, fittings and equipment | - |
| Investment properties |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in market value is transferred to a revaluation reserve. |
| In accordance with the Financial Reporting Standard for Smaller Entities, no depreciation has been |
| provided in respect of freehold investment properties. This departure from the requirements of the |
| Companies Act 2006 for all properties to be depreciated is, in the opinion of the directors, necessary |
| for the financial statements to give a true and fair view in accordance with applicable accounting |
| standards as fixed asset properties are included in the financial statements at open market value. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Foreign currencies |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the |
| rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded |
| at the date of the transactions. All differences are taken to the Profit and Loss account. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| At 29 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| Adflex Limited (Registered number: 02579576) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 29 February 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2015 |
| Revaluations |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 177,129 | 183,878 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |