Registration number:
Adproducts.com Limited
for the Year Ended 30 June 2020
Adproducts.com Limited
Contents
Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Adproducts.com Limited
Company Information
Directors |
Mr D Lynn Mr K C Doherty Mr R A Sowerby |
Registered office |
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Auditors |
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Adproducts.com Limited
(Registration number: 03516908)
Balance Sheet as at 30 June 2020
Note |
2020 |
2019 |
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Current assets |
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Debtors |
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|
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Creditors: Amounts falling due within one year |
- |
( |
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Net assets |
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|
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Capital and reserves |
|||
Called up share capital |
100 |
100 |
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Profit and loss account |
- |
558,380 |
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Shareholders' funds |
100 |
558,480 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Adproducts.com Limited
Statement of Changes in Equity for the Year Ended 30 June 2020
Share capital |
Profit and loss account |
Total |
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At 1 July 2019 |
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|
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Profit for the year |
- |
|
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Total comprehensive income |
- |
|
|
Dividends |
- |
( |
( |
At 30 June 2020 |
|
- |
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Share capital |
Profit and loss account |
Total |
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At 1 January 2018 |
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|
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Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 30 June 2019 |
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|
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Adproducts.com Limited
Notes to the Financial Statements for the Year Ended 30 June 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England and Wales
These financial statements were authorised for issue by the
The company registration number is 03516908
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Audit report
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Adproducts.com Limited
Notes to the Financial Statements for the Year Ended 30 June 2020
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Note |
2020 |
2019 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Adproducts.com Limited
Notes to the Financial Statements for the Year Ended 30 June 2020
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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|
|
100.00 |
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100.00 |
Dividends |
Final dividends paid
2020 |
2019 |
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Final dividend of £
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|
- |
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Adproducts.com Limited
Notes to the Financial Statements for the Year Ended 30 June 2020
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is
Adproducts.com Limited
Detailed Profit and Loss Account for the Year Ended 30 June 2020
2020 |
2019 |
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Turnover (analysed below) |
- |
- |
Administrative expenses |
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Finance charges (analysed below) |
- |
(3,824) |
Operating loss |
- |
(3,824) |
Loss before tax |
- |
(3,824) |
Adproducts.com Limited
Detailed Profit and Loss Account for the Year Ended 30 June 2020
2020 |
2019 |
Finance charges |
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Bank charges |
- |
3,824 |