Aadvark Holdings Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 02039299 (England and Wales)

AADVARK HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Mr S J Hobbs

SECRETARY:

Mr D D Hobbs

REGISTERED OFFICE:

242 Gosport Road

Fareham

Hampshire

PO16 0SS

REGISTERED NUMBER:

02039299 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

BANKERS:

HSBC Bank plc

35 Middle Road

Park Gate

Southampton

Hampshire

SO31 7GH

FIXED ASSETS

Tangible assets

4

55,225

40,379

Investments

5

2

2

55,227

40,381

CURRENT ASSETS

Debtors

6

214,541

218,397

Cash at bank and in hand

14,602

12,901

229,143

231,298

CREDITORS

Amounts falling due within one year

7

194,373

162,765

NET CURRENT ASSETS

34,770

68,533

TOTAL ASSETS LESS CURRENT LIABILITIES

89,997

108,914

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Capital redemption reserve

5,000

5,000

Retained earnings

79,997

98,914

SHAREHOLDERS' FUNDS

89,997

108,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 September 2017 and were signed by:

Mr S J Hobbs - Director

1.	STATUTORY INFORMATION

Aadvark Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Aadvark 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.

Revenue recognition

Revenue represents the value of services supplied, excluding value added tax. It is recognised on the date the

services are supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their

fair value. The capital element of the future payments is treated as a liability and the interest is charged to the

profit and loss account on a straight line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

51,289

93,246

32,723

177,258

Additions

-

27,820

304

28,124

Disposals

-

(33,979

)

-

(33,979

)

At 31 March 2017

51,289

87,087

33,027

171,403

DEPRECIATION

At 1 April 2016

50,171

57,709

28,999

136,879

Charge for year

860

10,553

1,865

13,278

Eliminated on disposal

-

(33,979

)

-

(33,979

)

At 31 March 2017

51,031

34,283

30,864

116,178

NET BOOK VALUE

At 31 March 2017

258

52,804

2,163

55,225

At 31 March 2016

1,118

35,537

3,724

40,379

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2016

and 31 March 2017

2

NET BOOK VALUE

At 31 March 2017

2

At 31 March 2016

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

180

Other debtors

214,541

218,217

214,541

218,397

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

13,205

14,519

Amounts owed to group undertakings

142,042

108,085

Taxation and social security

13,336

13,041

Other creditors

25,790

27,120

194,373

162,765

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J Hobbs.

9.	FIRST YEAR ADOPTION

The company has adopted FRS 102 1A for the year ended 2017. There are no re-statements required under the

new standard for earlier periods which were prepared under the FRSSE 2015 standard.

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Aadvark Holdings Limited for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aadvark Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aadvark Holdings Limited and state those matters that we have agreed to state to the director of Aadvark Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aadvark Holdings Limited director for our work or for this report.

It is your duty to ensure that Aadvark Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aadvark Holdings Limited. You consider that Aadvark Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aadvark Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

5 September 2017