Adams Property Solutions Ltd Micro entities accounts

Adams Property Solutions Ltd Micro entities accounts

ADAMS PROPERTY SOLUTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05978578
Adams Property Solutions Ltd
Unaudited Financial Statements
28 February 2017
BLUE ROOF ACCOUNTANTS
Chartered accountant
Throop Business Park
Throop Road
Bournemouth
Dorset
BH8 0DQ
Adams Property Solutions Ltd
Financial Statements
Financial year ended 28 February 2017
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
Adams Property Solutions Ltd
Income Statement
Financial year ended 28 February 2017
2017
2016
£
£
Turnover
188,874
183,822
Staff costs
( 97,532)
( 103,702)
Depreciation and other amounts written off assets
( 8,547)
( 5,875)
Other charges
(120,308)
(105,180)
---------
---------
Loss
37,513
30,935
---------
---------
Adams Property Solutions Ltd
Statement of Financial Position
28 February 2017
2017
2016
£
£
£
Fixed assets
14,241
14,771
--------
--------
Current assets
83,704
63,697
Creditors: amounts falling due within one year
167,110
107,885
---------
---------
Net current liabilities
83,406
44,188
--------
--------
Total assets less current liabilities
( 69,165)
( 29,417)
Creditors: amounts falling due after more than one year
1,628
3,863
Accruals and deferred income
1,000
1,000
--------
--------
(71,793)
(34,280)
--------
--------
Capital and reserves
( 71,793)
( 34,280)
--------
--------
Notes to the financial statements
1. Directors' advances, credits and guarantees
During the Financial Year the directors entered into the following advances and credits with the company:
2017
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr G A Adams
-
-
-
----
----
----
2016
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr G A Adams
( 22,579)
22,579
-
--------
--------
----
During the Financial Year the company entered into the following guarantees on behalf of its directors:
Maximum liability
Amounts paid/(liability incurred)
2017
2016
2017
2016
£
£
£
£
Mr G A Adams
-
-
( 2,454)
-
----
----
-------
----
For the Financial Year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the Financial Year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 1 August 2017 , and are signed on behalf of the board by:
Mr G A Adams
Director
Company registration number: 05978578
The company is a private company limited by shares, registered in England and Wales.
Adams Property Solutions Ltd
Management Information
Financial year ended 28 February 2017
The following page does not form part of the financial statements.
Adams Property Solutions Ltd
Detailed Income Statement
Financial year ended 28 February 2017
2017
2016
£
£
Turnover
188,874
183,822
Staff costs
97,532
103,702
Depreciation and other amounts written off assets
8,547
5,875
Other charges
(120,308)
(105,180)
---------
---------
(37,513)
(30,935)
---------
---------
Adams Property Solutions Ltd
Notes to the Detailed Income Statement
Financial year ended 28 February 2017
2017
2016
£
£
Staff costs
Wages and salaries
97,532
103,702
--------
---------
Depreciation and other amounts written off assets
Amortisation of intangible assets
5,500
5,500
Depreciation of plant and machinery
3,047
375
-------
-------
8,547
5,875
-------
-------
Other charges
Advertising
25,624
21,580
Rent
25,306
18,624
Rates and water
2,309
1,522
Maintenance Admin
36,449
32,708
Motor expenses
7,785
7,535
Telephone
3,762
3,937
Computer Expenses
3,762
3,043
Subscriptions & Referencing
4,720
4,092
Postage
816
1,592
Printing and stationery
613
3,151
Bank charges
609
1,954
Legal Fees
7,185
3,692
Accountancy fees
1,368
1,750
---------
---------
120,308
105,180
---------
---------