Adaton Consulting Limited - Limited company accounts 16.3

REGISTERED NUMBER: 09063300 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

ADATON CONSULTING LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

C Kwok-Tung Yeung

Ms L Fong

SECRETARY:

REGISTERED OFFICE:

75 Pasture Road

Letchworth Garden City

Hertfordshire

SG6 3LS

REGISTERED NUMBER:

09063300 (England and Wales)

ACCOUNTANTS:

Capes Gittins

Chartered Accountants

Wellington House

273-275 High Street

London Colney

Hertfordshire

AL2 1HA

The directors present their report with the financial statements of the company for the year ended 31 May 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of an IT consultancy.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2016 to the date of

this report.

C Kwok-Tung Yeung

Ms L Fong

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

C Kwok-Tung Yeung - Director

10 October 2017

TURNOVER

161,514

165,549

Administrative expenses

29,061

37,502

OPERATING PROFIT

4

132,453

128,047

Interest receivable and similar income

295

118

PROFIT BEFORE TAXATION

132,748

128,165

Tax on profit

26,320

25,633

PROFIT FOR THE FINANCIAL
YEAR

106,428

102,532

FIXED ASSETS

Tangible assets

5

4,406

4,449

CURRENT ASSETS

Debtors

6

2,430

-

Cash at bank

54,509

68,596

56,939

68,596

CREDITORS

Amounts falling due within one year

7

38,281

36,393

NET CURRENT ASSETS

18,658

32,203

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,064

36,652

PROVISIONS FOR LIABILITIES

874

890

NET ASSETS

22,190

35,762

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

22,090

35,662

SHAREHOLDERS' FUNDS

22,190

35,762

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

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

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 have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 October 2017 and were signed on
its behalf by:

C Kwok-Tung Yeung - Director

1.	STATUTORY INFORMATION

Adaton Consulting 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.	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.

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.

Plant and machinery etc

-

25% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2017

2016

£

Depreciation - owned assets

1,469

1,483

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2016

7,312

Additions

1,426

At 31 May 2017

8,738

DEPRECIATION

At 1 June 2016

2,863

Charge for year

1,469

At 31 May 2017

4,332

NET BOOK VALUE

At 31 May 2017

4,406

At 31 May 2016

4,449

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

2,430

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

479

(102

)

Tax

26,314

25,571

Social security and other taxes

10,358

9,248

Directors' current accounts

290

836

Accrued expenses

840

38,281

36,393