ADENGLOW_LIMITED - Accounts

ADENGLOW LIMITED - Company Information

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Company Registration No. 01771704 (England and Wales)

ADENGLOW LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Evolution Business and Tax Advisors LLP

10 Evolution

Wynyard Park

Wynyard

TS22 5TB

ADENGLOW LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

ADENGLOW LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

607,660

454,300

Current assets

Stocks

10,000

20,000

Debtors

398,838

439,431

Cash at bank and in hand

205,837

104

614,675

459,535

Creditors: amounts falling due within one year

(545,412)

(505,137)

Net current assets/(liabilities)

69,263

(45,602)

Total assets less current liabilities

676,923

408,698

Creditors: amounts falling due after more than one year

(296,197)

(188,286)

Provisions for liabilities

(61,151)

(26,106)

319,575

194,306

Capital and reserves

Called up share capital

9,000

Profit and loss account

310,575

185,306

Shareholders' funds

319,575

194,306

ADENGLOW LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. 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 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 10 November 2014

Mr S J Charnock

Director

Company Registration No. 01771704

ADENGLOW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold buildings

2% straight line

Plant and machinery

25% straight line

Fixtures and fittings

25% straight line

Motor vehicles

25% straight line

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ADENGLOW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

1,282,878

Additions

256,006

Disposals

(143,623)

At 31 March 2014

1,395,261

Depreciation

At 1 April 2013

828,578

On disposals

(143,623)

Charge for the year

102,646

At 31 March 2014

787,601

Net book value

At 31 March 2014

607,660

At 31 March 2013

454,300

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £395,370 (2013 - £412,943).

Creditors: amounts falling due after more than one year

2014

2013

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

53,512

74,037

Share capital

2014

2013

Allotted, called up and fully paid

9,000 Ordinary shares of £1 each

9,000

ADENGLOW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 5 -

Control

As in the previous year the ultimate controlling parties are Mr S J Charnock and Mr S Green, directors, by virtue of their shareholdings.