ADS Solutions Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09033711 (England and Wales)

ADS Solutions Limited

Abridged Unaudited Financial Statements for the Year Ended 30 April 2017

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M T Prosser

REGISTERED OFFICE:

Orchard House

Henlade

Taunton

Somerset

TA3 5HX

REGISTERED NUMBER:

09033711 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

31 Fore Street

Taunton

Somerset

TA1 1HN

FIXED ASSETS

Tangible assets

5

38,634

56,315

CURRENT ASSETS

Debtors

466

5,987

Cash at bank

231,561

234,203

232,027

240,190

CREDITORS

Amounts falling due within one year

30,549

44,883

NET CURRENT ASSETS

201,478

195,307

TOTAL ASSETS LESS CURRENT LIABILITIES

240,112

251,622

CREDITORS

Amounts falling due after more than one year

(5,115

)

(17,392

)

PROVISIONS FOR LIABILITIES

(6,362

)

(7,794

)

NET ASSETS

228,635

226,436

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

227,635

225,436

SHAREHOLDERS' FUNDS

228,635

226,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 September 2017 and were signed by:

M T Prosser - Director

1.	STATUTORY INFORMATION

ADS Solutions 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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 have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

72,587

Additions

1,208

Disposals

(11,065

)

At 30 April 2017

62,730

DEPRECIATION

At 1 May 2016

16,272

Charge for year

10,590

Eliminated on disposal

(2,766

)

At 30 April 2017

24,096

NET BOOK VALUE

At 30 April 2017

38,634

At 30 April 2016

56,315

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2016

and 30 April 2017

36,959

DEPRECIATION

At 1 May 2016

9,240

Charge for year

6,930

At 30 April 2017

16,170

NET BOOK VALUE

At 30 April 2017

20,789

At 30 April 2016

27,719

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

£

Hire purchase contracts

17,392

29,669

Hire purchase liabilities are secured by way of a fixed charge over the specific financed asset.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M T Prosser.

The company was controlled throughout the current and previous year by its director by virtue of the fact that he

owns all of the issued share capital.