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AdoptSMT UK Ltd
Registered Number:06642980
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2016
AdoptSMT UK Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 December 2016
AdoptSMT UK Ltd
Statement of Financial Position
Registered Number :
06642980
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
17,427
22,661
3
17,427
22,661
Current assets
Inventories
106,831
124,468
Trade and other receivables
(1,664,774)
(1,635,426)
4
25,082
Cash and cash equivalents
7,530
(1,503,428)
(1,532,861)
Trade and other payables: amounts falling due within one
year
(79,958)
(39,641)
5
(1,612,819)
(1,543,069)
Net current liabilities
Total assets less current liabilities
(1,525,642)
(1,590,158)
Trade and other payables: amounts falling due after more
than one year
(14,746)
(10,230)
6
(1,535,872)
Net liabilities
(1,604,904)
Capital and reserves
Called up share capital
10,000
10,000
Retained earnings
(1,545,872)
(1,614,904)
(1,535,872)
(1,604,904)
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr Barry Stuart Clark Director
These financial statements were approved and authorised for issue by the Board on 05 October 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2016
AdoptSMT UK Ltd
Notes to the Financial Statements
Statutory Information
AdoptSMT UK Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06642980.
Principal place of business:
Unit 30 Salbrook Road Industrial Estate
Salfords
Redhill
Surrey
RH1 5GJ
Registered address:
Figures House
24 Brighton Road
Salfords, Redhill
Surrey
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Reducing balance
33.3 Reducing balance
Computer equipment
20 Reducing balance
Motor vehicles
20 Reducing balance
Fixtures and fittings
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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5
For the year ended 31 December 2016
AdoptSMT UK Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Total
Goodwill
Cost or valuation
£
£
£
311,537
At 01 January 2016
328,774
17,237
328,774
311,537
At 31 December 2016
17,237
Amortisation
328,774
311,537
At 01 January 2016
17,237
328,774
At 31 December 2016
311,537
17,237
-
Net book value
-
At 31 December 2016
-
At 31 December 2015
-
-
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 January 2016
86,745
5,781
46,827
13,279
20,858
-
-
-
(2,288)
Disposals
(2,288)
At 31 December 2016
13,279
46,827
5,781
84,457
18,570
Provision for depreciation and impairment
At 01 January 2016
64,084
4,120
36,680
6,480
16,804
Charge for year
4,754
650
2,029
1,360
715
(1,808)
-
-
-
(1,808)
On disposal
At 31 December 2016
67,030
4,770
38,709
7,840
15,711
At 31 December 2016
Net book value
2,859
5,439
8,118
1,011
17,427
At 31 December 2015
4,054
6,799
10,147
1,661
22,661
4. Trade and other receivables
2015
2016
£
£
Trade debtors
31,210
81,877
Amounts owed by group undertakings and participating interests
(1,700,767)
(1,791,787)
Other debtors
34,131
45,136
(1,664,774)
(1,635,426)
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
(1,072,975)
(925,210)
3 of 4
6
For the year ended 31 December 2016
AdoptSMT UK Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
23,963
25,424
Taxation and social security
12,512
42,647
Other creditors
3,166
11,887
39,641
79,958
6. Trade and other payables: amounts falling due after more than one year
2015
2016
£
£
Other creditors
10,230
14,746
7. Parent-subsidary relationship
AdoptSMT Europe GmbH (incorporated in Austria) is regarded by the directors as being the company's ultimate parent company. The company is registered in Austria, company number FN43995z. The registered office address is Untersbergstrasse 1, A-5082 Grodig near Salzberg, Austria.
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